Acorah Software Products - Accounts Production 16.0.110 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 OC386808 Ms Rashmita Jenna Mr Susant Patro Mr Susant Patro iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC386808 2023-07-31 OC386808 2024-07-31 OC386808 2023-08-01 2024-07-31 OC386808 frs-core:CurrentFinancialInstruments 2024-07-31 OC386808 frs-core:Non-currentFinancialInstruments 2024-07-31 OC386808 frs-core:PlantMachinery 2024-07-31 OC386808 frs-core:PlantMachinery 2023-08-01 2024-07-31 OC386808 frs-core:PlantMachinery 2023-07-31 OC386808 frs-bus:LimitedLiabilityPartnershipLLP 2023-08-01 2024-07-31 OC386808 frs-bus:LimitedLiabilityPartnershipsSORP 2023-08-01 2024-07-31 OC386808 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 OC386808 frs-bus:SmallEntities 2023-08-01 2024-07-31 OC386808 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 OC386808 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 OC386808 frs-countries:EnglandWales 2023-08-01 2024-07-31 OC386808 frs-bus:PartnerLLP1 2023-08-01 2024-07-31 OC386808 frs-bus:PartnerLLP2 2023-08-01 2024-07-31 OC386808 frs-bus:PartnerLLP3 2023-08-01 2024-07-31 OC386808 2022-07-31 OC386808 2023-07-31 OC386808 2022-08-01 2023-07-31 OC386808 frs-core:CurrentFinancialInstruments 2023-07-31 OC386808 frs-core:Non-currentFinancialInstruments 2023-07-31 OC386808 frs-core:OtherReservesSubtotal 2022-07-31
Registered number: OC386808
247 ESTATES LLP
Unaudited Financial Statements
For The Year Ended 31 July 2024
OnTheGo Accountants
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—5
Notes to the Financial Statements 5—6
Page 1
Balance Sheet
Registered number: OC386808
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 785,526 785,526
785,526 785,526
CURRENT ASSETS
Cash at bank and in hand 4,059 1,825
4,059 1,825
Creditors: Amounts Falling Due Within One Year 6 (180,932 ) (180,646 )
NET CURRENT ASSETS (LIABILITIES) (176,873 ) (178,821 )
TOTAL ASSETS LESS CURRENT LIABILITIES 608,653 606,705
Creditors: Amounts Falling Due After More Than One Year 7 (315,072 ) (342,925 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 293,581 263,780
REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability 13,460 13,460
Other amounts 68,931 39,130
82,391 52,590
Equity
Members' other interests
Members' capital 120,244 120,244
Other reserves 90,946 90,946
211,190 211,190
293,581 263,780
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 82,391 52,590
Members' other interests 211,190 211,190
293,581 263,780
Page 1
Page 2
For the year ending 31 July 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 Susant Patro
Designated Member
20/01/2025
The notes on pages 5 to 6 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Members'Capital classified as Equity Other Reserves Total Equity Members'Capital classified as Debt
£ £ £ £
Amounts due to members - - - -
Balance at 1 August 2022 120,244 90,946 211,190 -
Members' remuneration charged as an expense, including employment and retirement benefit costs - - - -
Profit/(loss) for the financial year available for discretionary division among members - - - -
Members' interests after profit/(loss) for the year 120,244 90,946 211,190 -
Introduced by members - - - 13,460
Amounts due to members - - - 13,460
As at 31 July 2023 and 1 August 2023 120,244 90,946 211,190 13,460
Members' remuneration charged as an expense, including employment and retirement benefit costs - - - -
Profit/(loss) for the financial year available for discretionary division among members - - - -
Members' interests after profit/(loss) for the year 120,244 90,946 211,190 13,460
Amounts due to members - - - 13,460
As at 31 July 2024 120,244 90,946 211,190 13,460
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Other amounts Total Debts Total members' interest
£ £ £
Amounts due to members 24,280 24,280 -
Balance at 1 August 2022 24,280 24,280 235,470
Members' remuneration charged as an expense, including employment and retirement benefit costs 14,850 14,850 14,850
Profit/(loss) for the financial year available for discretionary division among members - - -
Members' interests after profit/(loss) for the year 39,130 39,130 250,320
Introduced by members - 13,460 13,460
Amounts due to members 39,130 52,590 -
As at 31 July 2023 and 1 August 2023 39,130 52,590 263,780
...CONTINUED
Page 3
Page 4
Members' remuneration charged as an expense, including employment and retirement benefit costs 29,801 29,801 29,801
Profit/(loss) for the financial year available for discretionary division among members - - -
Members' interests after profit/(loss) for the year 68,931 82,391 293,581
Amounts due to members 68,931 82,391 -
As at 31 July 2024 68,931 82,391 293,581
Page 4
Page 5
Notes to the Financial Statements
1. General Information
247 ESTATES LLP is a limited liability partnership, incorporated in England & Wales, registered number OC386808 . The Registered Office is Unit 1, Lincoln House, Great West Road, Brentford, TW8 0GE.
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. Going Concern Disclosure
The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.
2.3. Turnover
Turnover represents the rental and service charge income received, net of VAT and discounts, during the period. estimated reliably.
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 on the following bases:
Plant & Machinery 3 Years Straight Line
2.5. Investment Properties
The investment property is the leasehold property and share of freehold. They are both included in the balance sheet at open market value and not subject to depreciation charges. Changes in their market value are taken to the revaluation reserve unlessthere is a permanent diminution in value in which case the deficit is charged to 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 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2023 120
As at 31 July 2024 120
Depreciation
As at 1 August 2023 120
As at 31 July 2024 120
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
Page 5
Page 6
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 785,526
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Bank loans and overdrafts 56,557 56,840
Other creditors 120,258 119,258
Taxation and social security 4,116 4,547
180,932 180,646
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 315,072 342,925
8. Secured Creditors
The secured bank loans have a charge on the investment properties shown in note 4. The loans and other debts due to
members rank equally with debts due to other unsecured creditors in a winding up.
2024 2023
£ £
Bank loans and overdrafts 340,506 399,765
9. Related Party Transactions
Withing other creditors is an amount owed to a 247 COMMERCE LIMITED (07775662) to the value of £71,342.24. The transactions listed are made at arms length and the amount  is owed on demand. 
Page 6