Acorah Software Products - Accounts Production 16.1.200 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 OC420302 Ms Z Hartshorn Mr A Wibberley Mrs J Wibberley Mr S Woodley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC420302 2023-06-30 OC420302 2024-06-30 OC420302 2023-07-01 2024-06-30 OC420302 frs-core:CurrentFinancialInstruments 2024-06-30 OC420302 frs-core:Non-currentFinancialInstruments 2024-06-30 OC420302 frs-core:BetweenOneFiveYears 2024-06-30 OC420302 frs-core:FurnitureFittings 2024-06-30 OC420302 frs-core:FurnitureFittings 2023-07-01 2024-06-30 OC420302 frs-core:FurnitureFittings 2023-06-30 OC420302 frs-core:MotorVehicles 2024-06-30 OC420302 frs-core:MotorVehicles 2023-07-01 2024-06-30 OC420302 frs-core:MotorVehicles 2023-06-30 OC420302 frs-core:WithinOneYear 2024-06-30 OC420302 frs-bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-06-30 OC420302 frs-bus:LimitedLiabilityPartnershipsSORP 2023-07-01 2024-06-30 OC420302 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 OC420302 frs-bus:SmallEntities 2023-07-01 2024-06-30 OC420302 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 OC420302 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 OC420302 frs-countries:EnglandWales 2023-07-01 2024-06-30 OC420302 frs-bus:PartnerLLP1 2023-07-01 2024-06-30 OC420302 frs-bus:PartnerLLP2 2023-07-01 2024-06-30 OC420302 frs-bus:PartnerLLP3 2023-07-01 2024-06-30 OC420302 frs-bus:PartnerLLP4 2023-07-01 2024-06-30 OC420302 2022-06-30 OC420302 2023-06-30 OC420302 2022-07-01 2023-06-30 OC420302 frs-core:CurrentFinancialInstruments 2023-06-30 OC420302 frs-core:Non-currentFinancialInstruments 2023-06-30 OC420302 frs-core:BetweenOneFiveYears 2023-06-30 OC420302 frs-core:WithinOneYear 2023-06-30 OC420302 frs-core:OtherReservesSubtotal 2022-06-30
Registered number: OC420302
Wyvern Partnership LLP
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—6
Page 1
Statement of Financial Position
Registered number: OC420302
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 113,130 152,281
113,130 152,281
CURRENT ASSETS
Stocks 5 313,325 241,455
Debtors 6 1,106,035 1,076,788
Cash at bank and in hand 1,327,976 1,582,461
2,747,336 2,900,704
Creditors: Amounts Falling Due Within One Year 7 (773,489 ) (1,384,234 )
NET CURRENT ASSETS (LIABILITIES) 1,973,847 1,516,470
TOTAL ASSETS LESS CURRENT LIABILITIES 2,086,977 1,668,751
Creditors: Amounts Falling Due After More Than One Year 8 - (122,339 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,086,977 1,546,412
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 2,086,977 1,546,412
2,086,977 1,546,412
2,086,977 1,546,412
TOTAL MEMBERS' INTEREST
Amounts due from members - (9,934)
Loans and other debts due to members within one year 2,086,977 1,546,412
2,086,977 1,536,478
Page 1
Page 2
For the year ending 30 June 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 Income Statement.
On behalf of the members
Mr S Woodley
Designated Member
07/02/2025
The notes on pages 4 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
Other Reserves Other amounts Total members' interest
£ £ £
Amounts due to members - 2,113,031 -
Balance at 1 July 2022 - 2,113,031 2,113,031
Profit/(loss) for the financial year available for discretionary division among members 1,672,530 - 1,672,530
Members' interests after profit/(loss) for the year 1,672,530 2,113,031 3,785,561
Other divisions of profits (losses) (1,672,530) 1,672,530 -
Drawings - (2,249,083) (2,249,083)
Amounts due to members - 1,546,412 -
Amounts due from members - (9,934) -
As at 30 June 2023 and 1 July 2023 - 1,536,478 1,536,478
Profit/(loss) for the financial year available for discretionary division among members 1,659,555 - 1,659,555
Members' interests after profit/(loss) for the year 1,659,555 1,536,478 3,196,033
Other divisions of profits (losses) (1,659,555) 1,659,555 -
Drawings - (1,109,056) (1,109,056)
Amounts due to members - 2,086,977 -
As at 30 June 2024 - 2,086,977 2,086,977
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Wyvern Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number OC420302 . The Registered Office is 10 Long Street, Devizes, Wiltshire, SN10 1NJ.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. 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: 23 (2023: 23)
23 23
Page 4
Page 5
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 253,037 56,526 309,563
Additions - 5,663 5,663
As at 30 June 2024 253,037 62,189 315,226
Depreciation
As at 1 July 2023 110,705 46,577 157,282
Provided during the period 35,584 9,230 44,814
As at 30 June 2024 146,289 55,807 202,096
Net Book Value
As at 30 June 2024 106,748 6,382 113,130
As at 1 July 2023 142,332 9,949 152,281
5. Stocks
2024 2023
£ £
Work in progress 313,325 241,455
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,093,293 1,052,218
Prepayments and accrued income 10,865 11,559
Other debtors 1,877 3,077
Amounts due from members - 9,934
1,106,035 1,076,788
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 122,339 40,684
Trade creditors 40,047 39,685
Other taxes and social security 18,159 19,672
VAT 331,579 315,517
Net wages 7,426 4,133
Other creditors 212,519 909,902
Accruals and deferred income 4,534 17,755
Amounts owed to other participating interests 36,886 36,886
773,489 1,384,234
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 122,339
- 122,339
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 122,339 40,684
Later than one year and not later than five years - 122,339
122,339 163,023
122,339 163,023
Page 6