Acorah Software Products - Accounts Production 16.0.110 false true 27 June 2023 28 June 2022 false 28 June 2023 27 June 2024 27 June 2024 OC376672 Mrs Clare Hardwicke-Wall Mr Graham Wall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC376672 2023-06-27 OC376672 2024-06-27 OC376672 2023-06-28 2024-06-27 OC376672 frs-core:CurrentFinancialInstruments 2024-06-27 OC376672 frs-core:Non-currentFinancialInstruments 2024-06-27 OC376672 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-27 OC376672 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-28 2024-06-27 OC376672 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-27 OC376672 frs-core:RevaluationReserve 2023-06-27 OC376672 frs-bus:LimitedLiabilityPartnershipLLP 2023-06-28 2024-06-27 OC376672 frs-bus:LimitedLiabilityPartnershipsSORP 2023-06-28 2024-06-27 OC376672 frs-bus:FilletedAccounts 2023-06-28 2024-06-27 OC376672 frs-bus:SmallEntities 2023-06-28 2024-06-27 OC376672 frs-bus:AuditExempt-NoAccountantsReport 2023-06-28 2024-06-27 OC376672 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-28 2024-06-27 OC376672 frs-countries:EnglandWales 2023-06-28 2024-06-27 OC376672 frs-bus:PartnerLLP1 2023-06-28 2024-06-27 OC376672 frs-bus:PartnerLLP2 2023-06-28 2024-06-27 OC376672 2022-06-27 OC376672 2023-06-27 OC376672 2022-06-28 2023-06-27 OC376672 frs-core:CurrentFinancialInstruments 2023-06-27 OC376672 frs-core:Non-currentFinancialInstruments 2023-06-27 OC376672 frs-core:OtherReservesSubtotal 2022-06-27 OC376672 frs-core:RevaluationReserve 2022-06-27
Registered number: OC376672
MTCM LLP
Unaudited Financial Statements
For The Year Ended 27 June 2024
Xeinadin South Wales & West Limited
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements undefined—4
Page 1
Balance Sheet
Registered number: OC376672
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 999,931 1,297,500
999,931 1,297,500
CURRENT ASSETS
Debtors 5 - 444
Cash at bank and in hand 11,015 18,919
11,015 19,363
Creditors: Amounts Falling Due Within One Year 6 (24,069 ) (8,802 )
NET CURRENT ASSETS (LIABILITIES) (13,054 ) 10,561
TOTAL ASSETS LESS CURRENT LIABILITIES 986,877 1,308,061
Creditors: Amounts Falling Due After More Than One Year 7 (192,154 ) (511,861 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 794,723 796,200
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability (74,079) (74,079)
(74,079) (74,079)
Equity
Members' other interests
Members' capital (147,921) (110,042)
Revaluation reserve 250,698 250,698
Other reserves 766,025 729,623
868,802 870,279
794,723 796,200
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year (74,079) (74,079)
Members' other interests 868,802 870,279
794,723 796,200
Page 1
Page 2
For the year ending 27 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 Profit and Loss Account.
On behalf of the members
Mrs Clare Hardwicke-Wall
Designated Member
20/01/2025
The notes on page null form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY
Members' other interests
Members'Capital classified as Equity Revaluation Reserve Other Reserves Total Equity
£ £ £ £
Amounts due to members - - - -
Balance at 28 June 2022 (61,863) 250,698 662,997 851,832
Members' remuneration charged as an expense, including employment and retirement benefit costs - - - -
Profit/(loss) for the financial year available for discretionary division among members - - 66,626 66,626
Members' interests after profit/(loss) for the year (61,863) 250,698 729,623 918,458
Other divisions of profits (losses) - - - -
Drawings (48,179) - - (48,179)
Amounts due to members - - - -
As at 27 June 2023 and 28 June 2023 (110,042) 250,698 729,623 870,279
Profit/(loss) for the financial year available for discretionary division among members - - 36,402 36,402
Members' interests after profit/(loss) for the year (110,042) 250,698 766,025 906,681
Drawings (37,879) - - (37,879)
Amounts due to members - - - -
As at 27 June 2024 (147,921) 250,698 766,025 868,802
Page 3
Page 4
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Members'Capital classified as Debt Other amounts Total Debts Total members' interest
£ £ £ £
Amounts due to members (74,079) - (74,079) -
Balance at 28 June 2022 (74,079) - (74,079) 777,753
Members' remuneration charged as an expense, including employment and retirement benefit costs - - - -
Profit/(loss) for the financial year available for discretionary division among members - - - 66,626
Members' interests after profit/(loss) for the year (74,079) - (74,079) 844,379
Other divisions of profits (losses) - - - -
Drawings - - - (48,179)
Amounts due to members (74,079) - (74,079) -
As at 27 June 2023 and 28 June 2023 (74,079) - (74,079) 796,200
Profit/(loss) for the financial year available for discretionary division among members - - - 36,402
Members' interests after profit/(loss) for the year (74,079) - (74,079) 832,602
Drawings - - - (37,879)
Amounts due to members (74,079) - (74,079) -
As at 27 June 2024 (74,079) - (74,079) 794,723
Notes to the Financial Statements
1. General Information
MTCM LLP is a limited liability partnership, incorporated in England & Wales, registered number OC376672 . The Registered Office is 31 St. Johns Crescent, Whitchurch, Cardiff, South Glamorgan, CF14 7AF.
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 fair value.
Freehold No depreciation
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 28 June 2023 1,297,500
Disposals (297,569 )
As at 27 June 2024 999,931
Net Book Value
As at 27 June 2024 999,931
As at 28 June 2023 1,297,500
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by other participating interests - 444
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 6,672 7,242
Accruals and deferred income 3,065 1,560
Amounts owed to other participating interests 14,332 -
24,069 8,802
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 192,154 511,861
Page 4