Acorah Software Products - Accounts Production 16.1.300 false true false 24 April 2023 30 April 2024 30 April 2024 OC447047 Mr Chun Leung iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC447047 2023-04-23 OC447047 2024-04-30 OC447047 2023-04-24 2024-04-30 OC447047 frs-core:Non-currentFinancialInstruments 2024-04-30 OC447047 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-24 2024-04-30 OC447047 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-24 2024-04-30 OC447047 frs-bus:AbridgedAccounts 2023-04-24 2024-04-30 OC447047 frs-bus:SmallEntities 2023-04-24 2024-04-30 OC447047 frs-bus:AuditExempt-NoAccountantsReport 2023-04-24 2024-04-30 OC447047 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-24 2024-04-30 OC447047 frs-countries:EnglandWales 2023-04-24 2024-04-30 OC447047 frs-bus:PartnerLLP1 2023-04-24 2024-04-30
Registered number: OC447047
Lindsay Heritage LLP
ABRIDGED Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: OC447047
2024
Notes £ £
FIXED ASSETS
Investment Properties 4 2,189,000
2,189,000
CURRENT ASSETS
Debtors 72,277
72,277
NET CURRENT ASSETS (LIABILITIES) 72,277
TOTAL ASSETS LESS CURRENT LIABILITIES 2,261,277
Creditors: Amounts Falling Due After More Than One Year (1,527,826 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 733,451
REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability 733,451
733,451
733,451
TOTAL MEMBERS' INTEREST
Amounts due from members (72,277)
Loans and other debts due to members 733,451
661,174
Page 1
Page 2
For the year ending 30 April 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.
All of the LLP's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the members
Mr Chun Leung
Designated Member
29 January 2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Lindsay Heritage LLP is a limited liability partnership, incorporated in England & Wales, registered number OC447047 . The Registered Office is Apartment 3011, 8 Walworth Road, London, SE1 6EJ.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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, including members with contracts of employment, during the year was: 2
2
4. Investment Property
2024
£
Fair Value
As at 24 April 2023 -
Transfers 2,189,000
As at 30 April 2024 2,189,000
Page 3