Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 March 2024 31 March 2024 OC330472 C P Mann P J Rosenkranz iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC330472 2023-08-31 OC330472 2024-03-31 OC330472 2023-09-01 2024-03-31 OC330472 frs-core:CurrentFinancialInstruments 2024-03-31 OC330472 frs-core:Non-currentFinancialInstruments 2024-03-31 OC330472 frs-bus:LimitedLiabilityPartnershipLLP 2023-09-01 2024-03-31 OC330472 frs-bus:LimitedLiabilityPartnershipsSORP 2023-09-01 2024-03-31 OC330472 frs-bus:FilletedAccounts 2023-09-01 2024-03-31 OC330472 frs-bus:SmallEntities 2023-09-01 2024-03-31 OC330472 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-03-31 OC330472 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-03-31 OC330472 frs-countries:EnglandWales 2023-09-01 2024-03-31 OC330472 frs-bus:PartnerLLP1 2023-09-01 2024-03-31 OC330472 frs-bus:PartnerLLP2 2023-09-01 2024-03-31 OC330472 2022-08-31 OC330472 2023-08-31 OC330472 2022-09-01 2023-08-31 OC330472 frs-core:CurrentFinancialInstruments 2023-08-31 OC330472 frs-core:Non-currentFinancialInstruments 2023-08-31
Registered number: OC330472
R & M Home Counties LLP
Unaudited Financial Statements
For the Period 1 September 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC330472
31 March 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 3,095,000 2,207,720
3,095,000 2,207,720
CURRENT ASSETS
Debtors 5 113,467 112,996
Cash at bank and in hand 19,086 11,438
132,553 124,434
Creditors: Amounts Falling Due Within One Year 6 (26,387 ) (49,858 )
NET CURRENT ASSETS (LIABILITIES) 106,166 74,576
TOTAL ASSETS LESS CURRENT LIABILITIES 3,201,166 2,282,296
Creditors: Amounts Falling Due After More Than One Year 7 (1,303,842 ) (1,279,629 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,897,324 1,002,667
REPRESENTED BY:
Equity
Members' other interests
Members' capital 200,029 192,652
Fair value reserve 1,697,295 810,015
1,897,324 1,002,667
TOTAL MEMBERS' INTEREST
Members' other interests 1,897,324 1,002,667
1,897,324 1,002,667
Page 1
Page 2
For the period ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
P J Rosenkranz
Designated Member
24 December 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
R & M Home Counties LLP is a limited liability partnership, incorporated in England & Wales, registered number OC330472 . The Registered Office is Alton House, 66/68 High Street, Northwood, Middlesex, HA6 1BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees during the year was as follows: NIL (2023: 1)
- 1
4. Investment Property
31 March 2024
£
Fair Value
As at 1 September 2023 2,207,720
Revaluations 887,280
As at 31 March 2024 3,095,000
If the investment property had not been revalued it would have been included at the historical cost of £1,299,981 (31-08-2023 - £1,299,981).
5. Debtors
31 March 2024 31 August 2023
£ £
Due within one year
Prepayments and accrued income 32,445 31,974
Other debtors 22 22
Amounts owed by participating interests 81,000 81,000
113,467 112,996
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 August 2023
£ £
Bank loans and overdrafts 23,790 47,261
Other creditors 97 97
Accrued expenses 2,500 2,500
26,387 49,858
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 August 2023
£ £
Bank loans 1,041,402 1,017,189
Amounts owed to joint ventures 262,440 262,440
1,303,842 1,279,629
8. Secured Creditors
Of the creditors the following amounts are secured.
31 March 2024 31 August 2023
£ £
Bank loans and overdrafts 1,065,192 1,064,450
Page 4