Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC376570 C M Stroud R J Stroud D A Latter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC376570 2023-03-31 OC376570 2024-03-31 OC376570 2023-04-01 2024-03-31 OC376570 frs-core:CurrentFinancialInstruments 2024-03-31 OC376570 frs-core:Non-currentFinancialInstruments 2024-03-31 OC376570 frs-core:FurnitureFittings 2024-03-31 OC376570 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC376570 frs-core:FurnitureFittings 2023-03-31 OC376570 frs-core:NetGoodwill 2024-03-31 OC376570 frs-core:NetGoodwill 2023-04-01 2024-03-31 OC376570 frs-core:NetGoodwill 2023-03-31 OC376570 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC376570 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC376570 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC376570 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC376570 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC376570 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC376570 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC376570 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC376570 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC376570 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC376570 2022-03-31 OC376570 2023-03-31 OC376570 2022-04-01 2023-03-31 OC376570 frs-core:CurrentFinancialInstruments 2023-03-31 OC376570 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC376570
Stroud Wealth Management LLP
Financial Statements
For The Year Ended 31 March 2024
Clairwood Accounting LLP
19 Napier House
Elva Way
Bexhill-on-Sea
East Sussex
TN39 5BF
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC376570
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 53,346 66,460
Tangible Assets 5 24,637 16,246
77,983 82,706
CURRENT ASSETS
Debtors 6 95,407 78,219
Cash at bank and in hand 4,981 9,993
100,388 88,212
Creditors: Amounts Falling Due Within One Year 7 (44,914 ) (77,679 )
NET CURRENT ASSETS (LIABILITIES) 55,474 10,533
TOTAL ASSETS LESS CURRENT LIABILITIES 133,457 93,239
Creditors: Amounts Falling Due After More Than One Year 8 (52,054 ) (66,591 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 81,403 26,648
REPRESENTED BY:
Equity
Members' other interests
Members' capital 81,403 26,648
81,403 26,648
TOTAL MEMBERS' INTEREST
Members' other interests 81,403 26,648
81,403 26,648
Page 1
Page 2
For the year 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
R J Stroud
Designated Member
30 January 2025
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
Stroud Wealth Management LLP is a limited liability partnership, incorporated in England & Wales, registered number OC376570 . The Registered Office is Oak Trees Business Park, The Courtyard, Ashford, Kent, TN24 0SQ.
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. Turnover includes revenue earned from the rendering of services. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives.
Fixtures & Fittings 25% on the reducing balance basis
3. Average Number of Employees
Average number of employees during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 1,474,598
Additions 4,601
As at 31 March 2024 1,479,199
Amortisation
As at 1 April 2023 1,408,138
Provided during the period 17,715
As at 31 March 2024 1,425,853
Net Book Value
As at 31 March 2024 53,346
As at 1 April 2023 66,460
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 35,016
Additions 16,603
As at 31 March 2024 51,619
Depreciation
As at 1 April 2023 18,770
Provided during the period 8,212
As at 31 March 2024 26,982
Net Book Value
As at 31 March 2024 24,637
As at 1 April 2023 16,246
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 95,407 78,219
95,407 78,219
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 14,820 15,000
Other creditors 9,566 21,479
Accruals and deferred income 20,528 41,200
44,914 77,679
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 52,054 66,591
52,054 66,591
Page 4