Acorah Software Products - Accounts Production 16.1.200 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 OC439775 Alan Wilkins Ian Nicholas Wilkins Margery Agnes Wilkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC439775 2023-04-05 OC439775 2024-04-05 OC439775 2023-04-06 2024-04-05 OC439775 frs-core:CurrentFinancialInstruments 2024-04-05 OC439775 frs-core:Non-currentFinancialInstruments 2024-04-05 OC439775 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-05 OC439775 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-06 2024-04-05 OC439775 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-05 OC439775 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC439775 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-06 2024-04-05 OC439775 frs-bus:FilletedAccounts 2023-04-06 2024-04-05 OC439775 frs-bus:SmallEntities 2023-04-06 2024-04-05 OC439775 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 OC439775 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 OC439775 frs-countries:EnglandWales 2023-04-06 2024-04-05 OC439775 frs-bus:PartnerLLP1 2023-04-06 2024-04-05 OC439775 frs-bus:PartnerLLP2 2023-04-06 2024-04-05 OC439775 frs-bus:PartnerLLP3 2023-04-06 2024-04-05 OC439775 2022-04-05 OC439775 2023-04-05 OC439775 2022-04-06 2023-04-05 OC439775 frs-core:CurrentFinancialInstruments 2023-04-05 OC439775 frs-core:Non-currentFinancialInstruments 2023-04-05
Registered number: OC439775
Keystone Management LLP
Unaudited Financial Statements
For The Year Ended 5 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC439775
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,355,000 2,052,500
2,355,000 2,052,500
CURRENT ASSETS
Debtors 5 631 7,500
Cash at bank and in hand 7,467 16,664
8,098 24,164
Creditors: Amounts Falling Due Within One Year 6 (3,420 ) (39,484 )
NET CURRENT ASSETS (LIABILITIES) 4,678 (15,320 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,359,678 2,037,180
Creditors: Amounts Falling Due After More Than One Year 7 (382,228 ) (688,707 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,977,450 1,348,473
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 1,624,390 1,278,553
Other amounts 353,060 69,920
1,977,450 1,348,473
1,977,450 1,348,473
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 1,977,450 1,348,473
1,977,450 1,348,473
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
Ian Nicholas Wilkins
Designated Member
25 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
Keystone Management LLP is a limited liability partnership, incorporated in England & Wales, registered number OC439775 . The Registered Office is 809 , Salisbury House, 29 Finsbury Circus, London, EC2M 7AQ.
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.
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: 3 (2023: 3)
3 3
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 6 April 2023 2,052,500
Revaluation 302,500
As at 5 April 2024 2,355,000
Net Book Value
As at 5 April 2024 2,355,000
As at 6 April 2023 2,052,500
The investment properties are valued, at balance sheet date, by partners of the LLP based on the assessment of available market information and property condition. The partners believe that their valuation would not be materially different from the professional valuation.
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 631 -
Amounts owed by related parties - 7,500
631 7,500
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 26,444
Accruals and deferred income 3,420 13,040
3,420 39,484
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 382,228 688,707
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 382,228 714,957
Page 4