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 OC380213 Mr D M Bernard Mrs A M Bernard Mr D M Bernard true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC380213 2023-03-31 OC380213 2024-03-31 OC380213 2023-04-01 2024-03-31 OC380213 frs-core:CurrentFinancialInstruments 2024-03-31 OC380213 frs-core:Non-currentFinancialInstruments 2024-03-31 OC380213 frs-core:ComputerEquipment 2024-03-31 OC380213 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC380213 frs-core:ComputerEquipment 2023-03-31 OC380213 frs-core:FurnitureFittings 2024-03-31 OC380213 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC380213 frs-core:FurnitureFittings 2023-03-31 OC380213 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC380213 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC380213 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 OC380213 frs-core:MotorVehicles 2024-03-31 OC380213 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC380213 frs-core:MotorVehicles 2023-03-31 OC380213 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC380213 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC380213 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC380213 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC380213 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC380213 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC380213 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC380213 1 2023-04-01 2024-03-31 OC380213 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC380213 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC380213 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC380213 2022-03-31 OC380213 2023-03-31 OC380213 2022-04-01 2023-03-31 OC380213 frs-core:CurrentFinancialInstruments 2023-03-31 OC380213 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC380213
Bernard Construction UK LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC380213
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 217,451 224,935
217,451 224,935
CURRENT ASSETS
Stocks 5 17,872,671 17,524,237
Debtors 6 1,825,290 1,470,467
Cash at bank and in hand 669,414 2,383,861
20,367,375 21,378,565
Creditors: Amounts Falling Due Within One Year 7 (3,059,251 ) (1,284,687 )
NET CURRENT ASSETS (LIABILITIES) 17,308,124 20,093,878
TOTAL ASSETS LESS CURRENT LIABILITIES 17,525,575 20,318,813
Creditors: Amounts Falling Due After More Than One Year 8 (26,037 ) (35,436 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 17,499,538 20,283,377
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 487,648 176,766
Other amounts 10,625,472 13,721,129
11,113,120 13,897,895
Equity
Members' other interests
Members' capital 6,386,418 6,385,482
6,386,418 6,385,482
17,499,538 20,283,377
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 11,113,120 13,897,895
Members' other interests 6,386,418 6,385,482
17,499,538 20,283,377
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 D M Bernard
Designated Member
Mrs A M Bernard
Designated Member
28/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bernard Construction UK LLP is a limited liability partnership, incorporated in England & Wales, registered number OC380213 . The Registered Office is Warren Appartments , 8 A Station Rise, Tulse Hill, London, SE27 9BW.
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 amounts receivable on the sale of completed units within a development. Cost of sales represents the proportion of development costs attributable to units sold.
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 50 years based on cost/revalued amount
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
2.5. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
For developments in progress, total costs incurred are shown net of amounts transferred to cost of sales in respect of units within the development which have been sold.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 250,000 130,427 3,403 2,627 386,457
As at 31 March 2024 250,000 130,427 3,403 2,627 386,457
Depreciation
As at 1 April 2023 35,000 121,024 3,224 2,274 161,522
Provided during the period 5,000 2,351 45 88 7,484
As at 31 March 2024 40,000 123,375 3,269 2,362 169,006
Net Book Value
As at 31 March 2024 210,000 7,052 134 265 217,451
As at 1 April 2023 215,000 9,403 179 353 224,935
5. Stocks
2024 2023
£ £
Work in progress 17,872,671 17,524,237
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 465,500
Other debtors 1,825,290 1,004,967
1,825,290 1,470,467
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,086,956 530,882
Other creditors 1,972,295 753,805
3,059,251 1,284,687
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 26,037 35,436
Page 4
Page 5
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts - 35,436
10. Ultimate Controlling Party
The LLP's ultimate controlling party is Mr D M Bernard .
Page 5