Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 OC420796 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC420796 2023-01-31 OC420796 2024-01-31 OC420796 2023-02-01 2024-01-31 OC420796 frs-core:CurrentFinancialInstruments 2024-01-31 OC420796 frs-core:Non-currentFinancialInstruments 2024-01-31 OC420796 frs-core:FurnitureFittings 2024-01-31 OC420796 frs-core:FurnitureFittings 2023-02-01 2024-01-31 OC420796 frs-core:FurnitureFittings 2023-01-31 OC420796 frs-core:PlantMachinery 2024-01-31 OC420796 frs-core:PlantMachinery 2023-02-01 2024-01-31 OC420796 frs-core:PlantMachinery 2023-01-31 OC420796 frs-bus:LimitedLiabilityPartnershipLLP 2023-02-01 2024-01-31 OC420796 frs-bus:LimitedLiabilityPartnershipsSORP 2023-02-01 2024-01-31 OC420796 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 OC420796 frs-bus:SmallEntities 2023-02-01 2024-01-31 OC420796 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 OC420796 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 OC420796 frs-countries:EnglandWales 2023-02-01 2024-01-31 OC420796 frs-bus:PartnerLLP1 2023-02-01 2024-01-31 OC420796 frs-bus:PartnerLLP2 2023-02-01 2024-01-31 OC420796 2022-01-31 OC420796 2023-01-31 OC420796 2022-02-01 2023-01-31 OC420796 frs-core:CurrentFinancialInstruments 2023-01-31 OC420796 frs-core:Non-currentFinancialInstruments 2023-01-31
Registered number: OC420796
Nine Streets Coffee LLP
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC420796
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,055 2,568
2,055 2,568
CURRENT ASSETS
Stocks 5 2,250 2,250
Debtors 6 37,838 19,456
Cash at bank and in hand 3,039 2,985
43,127 24,691
Creditors: Amounts Falling Due Within One Year 7 (26,491 ) (3,560 )
NET CURRENT ASSETS (LIABILITIES) 16,636 21,131
TOTAL ASSETS LESS CURRENT LIABILITIES 18,691 23,699
Creditors: Amounts Falling Due After More Than One Year 8 (6,333 ) (8,333 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 12,358 15,366
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 4,320 6,936
Other amounts - 392
4,320 7,328
Equity
Members' other interests
Other reserves 8,038 8,038
8,038 8,038
12,358 15,366
TOTAL MEMBERS' INTEREST
Amounts due from members (37,838) (19,426)
Loans and other debts due to members within one year 4,320 7,328
Members' other interests 8,038 8,038
(25,480) (4,060)
Page 1
Page 2
For the year ending 31 January 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
Mrs Hazel Abbott
Partner
Mr Stuart Abbott
Partner
26/02/2025
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
Nine Streets Coffee LLP is a limited liability partnership, incorporated in England & Wales, registered number OC420796 . The Registered Office is 42-44 Earsdon Road, Monkseaton, Whitley Bay, Northumberland, NE25 9SU.
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.
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:
Plant & Machinery 20%
Fixtures & Fittings 20%
2.4. 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, during the year was as follows:  7 (2023: 8)
7 8
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 4,167 612 4,779
As at 31 January 2024 4,167 612 4,779
Depreciation
As at 1 February 2023 1,990 221 2,211
Provided during the period 435 78 513
As at 31 January 2024 2,425 299 2,724
Net Book Value
As at 31 January 2024 1,742 313 2,055
As at 1 February 2023 2,177 391 2,568
Page 3
Page 4
5. Stocks
2024 2023
£ £
Stock 2,250 2,250
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 30
Amounts due from members 37,838 19,426
37,838 19,456
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,578 740
Other taxes and social security 259 65
VAT 15,944 -
Net wages 2,081 2,077
Accruals and deferred income 1,050 678
Payments on account 579 -
26,491 3,560
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,333 8,333
Page 4