Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC391836 Mrs Khyati Ashvinbhai Patel Mr Oveys Zafarahmed Qanungo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC391836 2023-03-31 OC391836 2024-03-31 OC391836 2023-04-01 2024-03-31 OC391836 frs-core:CurrentFinancialInstruments 2024-03-31 OC391836 frs-core:Non-currentFinancialInstruments 2024-03-31 OC391836 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 OC391836 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 OC391836 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 OC391836 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC391836 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC391836 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 OC391836 frs-core:PlantMachinery 2024-03-31 OC391836 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC391836 frs-core:PlantMachinery 2023-03-31 OC391836 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC391836 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC391836 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC391836 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC391836 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC391836 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC391836 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC391836 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC391836 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC391836 2022-03-31 OC391836 2023-03-31 OC391836 2022-04-01 2023-03-31 OC391836 frs-core:CurrentFinancialInstruments 2023-03-31 OC391836 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC391836
Subhom LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC391836
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 780,916 781,130
780,916 781,130
CURRENT ASSETS
Debtors 5 4,600 4,600
Cash at bank and in hand 15,558 10,867
20,158 15,467
Creditors: Amounts Falling Due Within One Year 6 (58,190 ) (57,456 )
NET CURRENT ASSETS (LIABILITIES) (38,032 ) (41,989 )
TOTAL ASSETS LESS CURRENT LIABILITIES 742,884 739,141
Creditors: Amounts Falling Due After More Than One Year 7 (137,379 ) (152,571 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 605,505 586,570
REPRESENTED BY:
Equity
Members' other interests
Other reserves 605,505 586,570
605,505 586,570
TOTAL MEMBERS' INTEREST
Members' other interests 605,505 586,570
605,505 586,570
Page 1
Page 2
For the year ending 31 March 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 Oveys Zafarahmed Qanungo
Designated Member
20/03/2025
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
Subhom LLP is a limited liability partnership, incorporated in England & Wales, registered number OC391836 . The Registered Office is 17 Pier Street, Lee-On-The-Solent, PO13 9LD.
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 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:
Freehold N/A
Leasehold N/A
Plant & Machinery 20% reducing balance
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 Leasehold Plant & Machinery Total
£ £ £ £
Cost
As at 1 April 2023 466,723 313,336 2,457 782,516
As at 31 March 2024 466,723 313,336 2,457 782,516
Depreciation
As at 1 April 2023 - - 1,386 1,386
Provided during the period - - 214 214
As at 31 March 2024 - - 1,600 1,600
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 466,723 313,336 857 780,916
As at 1 April 2023 466,723 313,336 1,071 781,130
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,600 4,600
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Other creditors 54,522 53,822
Taxation and social security 3,667 3,634
58,190 57,456
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 137,379 152,571
Page 4