Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 OC367447 Mr J E Twist Mrs E C Twist iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC367447 2023-04-30 OC367447 2024-04-30 OC367447 2023-05-01 2024-04-30 OC367447 frs-core:CurrentFinancialInstruments 2024-04-30 OC367447 frs-core:Non-currentFinancialInstruments 2024-04-30 OC367447 frs-core:MotorVehicles 2024-04-30 OC367447 frs-core:MotorVehicles 2023-05-01 2024-04-30 OC367447 frs-core:MotorVehicles 2023-04-30 OC367447 frs-core:PlantMachinery 2024-04-30 OC367447 frs-core:PlantMachinery 2023-05-01 2024-04-30 OC367447 frs-core:PlantMachinery 2023-04-30 OC367447 frs-bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 OC367447 frs-bus:LimitedLiabilityPartnershipsSORP 2023-05-01 2024-04-30 OC367447 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 OC367447 frs-bus:SmallEntities 2023-05-01 2024-04-30 OC367447 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 OC367447 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 OC367447 frs-core:CurrentFinancialInstruments 1 2024-04-30 OC367447 frs-core:Non-currentFinancialInstruments 1 2024-04-30 OC367447 frs-countries:EnglandWales 2023-05-01 2024-04-30 OC367447 frs-bus:PartnerLLP1 2023-05-01 2024-04-30 OC367447 frs-bus:PartnerLLP2 2023-05-01 2024-04-30 OC367447 2022-04-30 OC367447 2023-04-30 OC367447 2022-05-01 2023-04-30 OC367447 frs-core:CurrentFinancialInstruments 2023-04-30 OC367447 frs-core:Non-currentFinancialInstruments 2023-04-30 OC367447 frs-core:CurrentFinancialInstruments 1 2023-04-30 OC367447 frs-core:Non-currentFinancialInstruments 1 2023-04-30
Registered number: OC367447
Twist Equities LLP
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC367447
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 82,750 29,000
82,750 29,000
CURRENT ASSETS
Debtors 5 22,616 16,142
22,616 16,142
Creditors: Amounts Falling Due Within One Year 6 (29,411 ) (39,387 )
NET CURRENT ASSETS (LIABILITIES) (6,795 ) (23,245 )
TOTAL ASSETS LESS CURRENT LIABILITIES 75,955 5,755
Creditors: Amounts Falling Due After More Than One Year 7 (73,592 ) (30,000 )
NET ASSETS/(LIABILITIES) ATTRIBUTABLE TO MEMBERS 2,363 (24,245 )
REPRESENTED BY:
Equity
Members' other interests
Other reserves 2,363 (24,245)
2,363 (24,245)
TOTAL MEMBERS' INTEREST
Members' other interests 2,363 (24,245)
2,363 (24,245)
Page 1
Page 2
For the year ending 30 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
Mr J E Twist
Designated Member
31 December 2024
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
Twist Equities LLP is a limited liability partnership, incorporated in England & Wales, registered number OC367447 . The Registered Office is 282 Western Road, Leigh-on-Sea, Essex, SS9 2QY.
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 represents net invoiced sales of services.
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:
Equipment 20% on reducing balance
Motor Vehicles 20% on reducing balance
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Equipment Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 15,584 60,063 75,647
Additions - 87,037 87,037
Disposals - (60,063 ) (60,063 )
As at 30 April 2024 15,584 87,037 102,621
Depreciation
As at 1 May 2023 13,409 33,238 46,647
Provided during the period 425 6,037 6,462
Disposals - (33,238 ) (33,238 )
As at 30 April 2024 13,834 6,037 19,871
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 April 2024 1,750 81,000 82,750
As at 1 May 2023 2,175 26,825 29,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,628 14,154
Prepayments and accrued income 1,988 1,988
22,616 16,142
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 27,645 1,203
Hire purchase contracts 1,766 38,184
29,411 39,387
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 30,000
Hire purchase contracts - long term 73,592 -
73,592 30,000
Page 4