Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 OC311603 Innovative Financial Management Solutions Limited Shaw Leadership Development Limited Blue Triangle Coaching Limited Clarity Clarity Clarity Limited Douglas Associates Limited Janet Rubin Human Resources Consultancy Ltd Nick Brown & Co Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC311603 2023-09-30 OC311603 2024-09-30 OC311603 2023-10-01 2024-09-30 OC311603 frs-core:CurrentFinancialInstruments 2024-09-30 OC311603 frs-bus:LimitedLiabilityPartnershipLLP 2023-10-01 2024-09-30 OC311603 frs-bus:LimitedLiabilityPartnershipsSORP 2023-10-01 2024-09-30 OC311603 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 OC311603 frs-bus:SmallEntities 2023-10-01 2024-09-30 OC311603 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 OC311603 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 OC311603 frs-countries:EnglandWales 2023-10-01 2024-09-30 OC311603 frs-bus:PartnerLLP1 2023-10-01 2024-09-30 OC311603 frs-bus:PartnerLLP2 2023-10-01 2024-09-30 OC311603 frs-bus:PartnerLLP3 2023-10-01 2024-09-30 OC311603 frs-bus:PartnerLLP4 2023-10-01 2024-09-30 OC311603 frs-bus:PartnerLLP5 2023-10-01 2024-09-30 OC311603 frs-bus:PartnerLLP6 2023-10-01 2024-09-30 OC311603 frs-bus:PartnerLLP7 2023-10-01 2024-09-30 OC311603 2022-09-30 OC311603 2023-09-30 OC311603 2022-10-01 2023-09-30 OC311603 frs-core:CurrentFinancialInstruments 2023-09-30
Registered number: OC311603
Praesta Partners Llp
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: OC311603
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 435,877 220,889
Cash at bank and in hand 140,946 221,237
576,823 442,126
Creditors: Amounts Falling Due Within One Year 5 (536,634 ) (401,937 )
NET CURRENT ASSETS (LIABILITIES) 40,189 40,189
TOTAL ASSETS LESS CURRENT LIABILITIES 40,189 40,189
NET ASSETS ATTRIBUTABLE TO MEMBERS 40,189 40,189
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 40,189 40,189
40,189 40,189
40,189 40,189
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 40,189 40,189
40,189 40,189
Page 1
Page 2
For the year ending 30 September 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
Innovative Financial Management Solutions Limited
Designated Member
18 February 2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Praesta Partners Llp is a limited liability partnership, incorporated in England & Wales, registered number OC311603 . The Registered Office is 86-90 Paul Street , London , EC2A 4NE.
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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 429,249 217,266
Other debtors 6,628 3,623
435,877 220,889
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 409,322 284,808
Other creditors 124,488 110,532
Taxation and social security 2,824 6,597
536,634 401,937
Page 3