Acorah Software Products - Accounts Production 16.1.300 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 OC347471 Mr Christopher Wilson-Tate iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC347471 2023-04-05 OC347471 2024-04-05 OC347471 2023-04-06 2024-04-05 OC347471 frs-core:CurrentFinancialInstruments 2024-04-05 OC347471 frs-core:Non-currentFinancialInstruments 2024-04-05 OC347471 frs-core:FurnitureFittings 2024-04-05 OC347471 frs-core:FurnitureFittings 2023-04-06 2024-04-05 OC347471 frs-core:FurnitureFittings 2023-04-05 OC347471 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-05 OC347471 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-06 2024-04-05 OC347471 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-05 OC347471 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC347471 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-06 2024-04-05 OC347471 frs-bus:FilletedAccounts 2023-04-06 2024-04-05 OC347471 frs-bus:SmallEntities 2023-04-06 2024-04-05 OC347471 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 OC347471 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 OC347471 frs-countries:EnglandWales 2023-04-06 2024-04-05 OC347471 frs-bus:PartnerLLP1 2023-04-06 2024-04-05 OC347471 2022-04-05 OC347471 2023-04-05 OC347471 2022-04-06 2023-04-05 OC347471 frs-core:CurrentFinancialInstruments 2023-04-05 OC347471 frs-core:Non-currentFinancialInstruments 2023-04-05
Registered number: OC347471
Antique Textiles Company LLP
Unaudited Financial Statements
For The Year Ended 5 April 2024
Abbey Digitax LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC347471
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,450 24,600
21,450 24,600
CURRENT ASSETS
Stocks 5 391,663 380,000
Debtors 6 80,523 73,876
Cash at bank and in hand 1,660 18
473,846 453,894
Creditors: Amounts Falling Due Within One Year 7 (335,377 ) (313,781 )
NET CURRENT ASSETS (LIABILITIES) 138,469 140,113
TOTAL ASSETS LESS CURRENT LIABILITIES 159,919 164,713
Creditors: Amounts Falling Due After More Than One Year 8 (36,076 ) (40,870 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 123,843 123,843
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 108,681 108,681
108,681 108,681
Equity
Members' other interests
Members' capital 72,305 72,305
Other reserves (57,143) (57,143)
15,162 15,162
123,843 123,843
TOTAL MEMBERS' INTEREST
Amounts due from members (80,523) (73,876)
Loans and other debts due to members within one year 108,681 108,681
Members' other interests 15,162 15,162
43,320 49,967
Page 1
Page 2
For the year ending 5 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.
On behalf of the members
Mr Christopher Wilson-Tate
Designated Member
28/01/2025
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
Antique Textiles Company LLP is a limited liability partnership, incorporated in England & Wales, registered number OC347471 . The Registered Office is Ground Floor, 37 Abbey Road, London, NW8 0AT.
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. 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 on the following bases:
Leasehold 0%
Fixtures & Fittings 25% NBV
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 6 April 2023 12,000 29,180 41,180
As at 5 April 2024 12,000 29,180 41,180
...CONTINUED
Page 3
Page 4
Depreciation
As at 6 April 2023 - 16,580 16,580
Provided during the period - 3,150 3,150
As at 5 April 2024 - 19,730 19,730
Net Book Value
As at 5 April 2024 12,000 9,450 21,450
As at 6 April 2023 12,000 12,600 24,600
5. Stocks
2024 2023
£ £
Finished goods 391,663 380,000
6. Debtors
2024 2023
£ £
Due within one year
Amounts due from members 80,523 73,876
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 9,700 -
Other creditors 320,627 308,981
Accruals and deferred income 5,050 4,800
335,377 313,781
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 36,076 40,870
Page 4