Acorah Software Products - Accounts Production 16.1.300 false true true 28 February 2023 1 March 2022 false 1 March 2023 20 February 2024 20 February 2024 OC322049 Mr Daren Simcox iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC322049 2023-02-28 OC322049 2024-02-20 OC322049 2023-03-01 2024-02-20 OC322049 frs-core:CurrentFinancialInstruments 2024-02-20 OC322049 frs-core:Non-currentFinancialInstruments 2024-02-20 OC322049 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-20 OC322049 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-20 OC322049 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 OC322049 frs-core:RevaluationReserve 2023-02-28 OC322049 frs-bus:LimitedLiabilityPartnershipLLP 2023-03-01 2024-02-20 OC322049 frs-bus:LimitedLiabilityPartnershipsSORP 2023-03-01 2024-02-20 OC322049 frs-bus:FilletedAccounts 2023-03-01 2024-02-20 OC322049 frs-bus:SmallEntities 2023-03-01 2024-02-20 OC322049 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-20 OC322049 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-20 OC322049 frs-countries:EnglandWales 2023-03-01 2024-02-20 OC322049 frs-bus:PartnerLLP1 2023-03-01 2024-02-20 OC322049 2022-02-28 OC322049 2023-02-28 OC322049 2022-03-01 2023-02-28 OC322049 frs-core:CurrentFinancialInstruments 2023-02-28 OC322049 frs-core:Non-currentFinancialInstruments 2023-02-28 OC322049 frs-core:OtherReservesSubtotal 2022-02-28 OC322049 frs-core:RevaluationReserve 2022-02-28
Registered number: OC322049
Bridgman House LLP
Unaudited Financial Statements
For the Period 1 March 2023 to 20 February 2024
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: OC322049
20 February 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,724,122 1,724,122
1,724,122 1,724,122
CURRENT ASSETS
Cash at bank and in hand 7,956 7,822
7,956 7,822
Creditors: Amounts Falling Due Within One Year 5 (16,568 ) (17,559 )
NET CURRENT ASSETS (LIABILITIES) (8,612 ) (9,737 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,715,510 1,714,385
Creditors: Amounts Falling Due After More Than One Year 6 (204,571 ) (230,136 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,510,939 1,484,249
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 1,674 -
Other amounts 723,686 698,670
725,360 698,670
Equity
Members' other interests
Revaluation reserve 785,579 785,579
785,579 785,579
1,510,939 1,484,249
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 725,360 698,670
Members' other interests 785,579 785,579
1,510,939 1,484,249
Page 1
Page 2
For the period ending 20 February 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 Daren Simcox
Designated Member
19/02/2025
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
Revaluation Reserve Other Reserves Total Equity Members'Capital classified as Debt
£ £ £ £
Amounts due to members - - - -
Balance at 1 March 2022 785,579 - 785,579 -
Profit/(loss) for the financial year available for discretionary division among members - 66,621 66,621 -
Members' interests after profit/(loss) for the year 785,579 66,621 852,200 -
Other divisions of profits (losses) - (66,621) (66,621) -
Drawings - - - -
Amounts due to members - - - -
As at 28 February 2023 and 1 March 2023 785,579 - 785,579 -
Profit/(loss) for the financial year available for discretionary division among members - 76,937 76,937 -
Members' interests after profit/(loss) for the year 785,579 76,937 862,516 -
Other divisions of profits (losses) - (76,937) (76,937) -
Introduced by members - - - 1,674
Drawings - - - -
Amounts due to members - - - 1,674
As at 20 February 2024 785,579 - 785,579 1,674
Page 3
Page 4
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 678,871 678,871 -
Balance at 1 March 2022 678,871 678,871 1,464,450
Profit/(loss) for the financial year available for discretionary division among members - - 66,621
Members' interests after profit/(loss) for the year 678,871 678,871 1,531,071
Other divisions of profits (losses) 66,621 66,621 -
Drawings (46,822) (46,822) (46,822)
Amounts due to members 698,670 698,670 -
As at 28 February 2023 and 1 March 2023 698,670 698,670 1,484,249
Profit/(loss) for the financial year available for discretionary division among members - - 76,937
Members' interests after profit/(loss) for the year 698,670 698,670 1,561,186
Other divisions of profits (losses) 76,937 76,937 -
Introduced by members - 1,674 1,674
Drawings (51,921) (51,921) (51,921)
Amounts due to members 723,686 725,360 -
As at 20 February 2024 723,686 725,360 1,510,939
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Bridgman House LLP is a limited liability partnership, incorporated in England & Wales, registered number OC322049 . The Registered Office is 18 Tiverton Road, Ruislip, Middlesex, HA4 0BW.
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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP
and the revenue can be reliably measured. Revenue is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes. The following criteria must also be met before revenue is recognised:

- the amount of revenue can be measured reliably;
- it is probable that the LLP will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably;
and
- the costs incurred and the costs to complete the contract can be measured reliably.

Revenue represents rent receivable in respect of the year, and is recognised in accordance with the
occupancy of the LLP's investment property.
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:
Leasehold 0
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Financial Instruments
The LLP only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
2.7. Revaluation of tangible fixed assets

Individual properties are carried at current year value at fair value at the date of the revaluation less
any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ
materially from that which would be determined using fair value at the balance sheet date. Fair values
are determined from market based evidence.

Revaluation gains and losses are recognised in the statement of comprehensive income unless
losses exceed the previously recognised gains or reflect a clear consumption
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 1 (2023: NIL)
1 -
Page 5
Page 6
4. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 1 March 2023 1,724,122
As at 20 February 2024 1,724,122
Net Book Value
As at 20 February 2024 1,724,122
As at 1 March 2023 1,724,122
5. Creditors: Amounts Falling Due Within One Year
20 February 2024 28 February 2023
£ £
Trade creditors (1 ) -
Bank loans and overdrafts 14,769 14,079
Accruals and deferred income 1,800 3,480
16,568 17,559
6. Creditors: Amounts Falling Due After More Than One Year
20 February 2024 28 February 2023
£ £
Bank loans 204,571 230,136
Page 6