Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC419728 Ms Melanie Hoven Mr Alessandro Dinardo Mr Alan Ritchie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC419728 2023-03-31 OC419728 2024-03-31 OC419728 2023-04-01 2024-03-31 OC419728 frs-core:CurrentFinancialInstruments 2024-03-31 OC419728 frs-core:Non-currentFinancialInstruments 2024-03-31 OC419728 frs-core:FurnitureFittings 2024-03-31 OC419728 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC419728 frs-core:FurnitureFittings 2023-03-31 OC419728 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 OC419728 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC419728 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC419728 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 OC419728 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC419728 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC419728 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC419728 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC419728 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC419728 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC419728 frs-core:CurrentFinancialInstruments 1 2024-03-31 OC419728 frs-core:CurrentFinancialInstruments 2 2024-03-31 OC419728 frs-core:CurrentFinancialInstruments 3 2024-03-31 OC419728 frs-core:CurrentFinancialInstruments 4 2024-03-31 OC419728 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC419728 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC419728 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC419728 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC419728 2022-03-31 OC419728 2023-03-31 OC419728 2022-04-01 2023-03-31 OC419728 frs-core:CurrentFinancialInstruments 2023-03-31 OC419728 frs-core:Non-currentFinancialInstruments 2023-03-31 OC419728 frs-core:CurrentFinancialInstruments 1 2023-03-31 OC419728 frs-core:CurrentFinancialInstruments 2 2023-03-31 OC419728 frs-core:CurrentFinancialInstruments 3 2023-03-31 OC419728 frs-core:CurrentFinancialInstruments 4 2023-03-31
Registered number: OC419728
5 Mill LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Chartax Associates & Co
Chartered Certified Accountants and Tax Consultants
103B Island Business Centre
18-36 Wellington Street
Woolwich
London
SE18 6PF
Contents
Page
LLP Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
LLP Information
Designated Members Ms Melanie Hoven
Mr Alessandro Dinardo
Mr Alan Ritchie
LLP Registration Number OC419728
Registered Office 22C High Street
Harpenden
Herts
AL5 2SX
Accountants Chartax Associates & Co
Chartered Certified Accountants and Tax Consultants
103B Island Business Centre
18-36 Wellington Street
Woolwich
London
SE18 6PF
Page 1
Page 2
Balance Sheet
Registered number: OC419728
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 639,512 635,547
639,512 635,547
CURRENT ASSETS
Debtors 5 79,608 129,136
79,608 129,136
Creditors: Amounts Falling Due Within One Year 6 (174,550 ) (219,003 )
NET CURRENT ASSETS (LIABILITIES) (94,942 ) (89,867 )
TOTAL ASSETS LESS CURRENT LIABILITIES 544,570 545,680
Creditors: Amounts Falling Due After More Than One Year 7 (434,810 ) (435,920 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 109,760 109,760
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 109,760 109,760
109,760 109,760
109,760 109,760
TOTAL MEMBERS' INTEREST
Amounts due from members (79,608) (129,136)
Loans and other debts due to members within one year 109,760 109,760
30,152 (19,376)
Page 2
Page 3
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
Ms Melanie Hoven
Designated Member
25 January 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
5 Mill LLP is a limited liability partnership, incorporated in England & Wales, registered number OC419728 . The Registered Office is 22C High Street, Harpenden, Herts, AL5 2SX.
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:
Freehold 2% Straight Line
Leasehold 2% Straight Line
Fixtures & Fittings 20% Straight Line
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
Page 4
Page 5
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 629,786 10,820 640,606
Additions 6,375 - 6,375
As at 31 March 2024 636,161 10,820 646,981
Depreciation
As at 1 April 2023 - 5,059 5,059
Provided during the period - 2,410 2,410
As at 31 March 2024 - 7,469 7,469
Net Book Value
As at 31 March 2024 636,161 3,351 639,512
As at 1 April 2023 629,786 5,761 635,547
5. Debtors
2024 2023
£ £
Due within one year
Amounts due from members 79,608 129,136
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,393 1,393
Bank loans and overdrafts 4,772 4,723
Alan Ritchie Loan A/C 42,102 42,102
Carlo Dinardo Loan A/C 29,883 28,983
Mel Hoven 80,725 126,868
NW Business Credit Card 14,175 14,034
Accruals and deferred income 1,500 900
174,550 219,003
Page 5
Page 6
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Mortgage loans 395,850 395,850
BBL Loan 38,960 40,070
434,810 435,920
Page 6