Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC372736 Ms Mary Cullen Mr Tristam Douglas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC372736 2023-03-31 OC372736 2024-03-31 OC372736 2023-04-01 2024-03-31 OC372736 frs-core:CurrentFinancialInstruments 2024-03-31 OC372736 frs-core:Non-currentFinancialInstruments 2024-03-31 OC372736 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC372736 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC372736 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 OC372736 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC372736 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC372736 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC372736 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC372736 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC372736 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC372736 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC372736 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC372736 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC372736 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC372736 2022-03-31 OC372736 2023-03-31 OC372736 2022-04-01 2023-03-31 OC372736 frs-core:CurrentFinancialInstruments 2023-03-31 OC372736 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC372736
Keystone Investment (UK) LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
HGC Accountants
First Floor
30 London Road
Sawbridgeworth
Hertfordshire
CM21 9JS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC372736
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 468,080 518,080
468,080 518,080
CURRENT ASSETS
Debtors 5 - 193
Cash at bank and in hand 7,202 4,241
7,202 4,434
Creditors: Amounts Falling Due Within One Year 6 (6,179 ) (10,419 )
NET CURRENT ASSETS (LIABILITIES) 1,023 (5,985 )
TOTAL ASSETS LESS CURRENT LIABILITIES 469,103 512,095
Creditors: Amounts Falling Due After More Than One Year 7 (380,293 ) (381,841 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 88,810 130,254
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 52,202 130,254
Other amounts 36,608 -
88,810 130,254
88,810 130,254
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 88,810 130,254
88,810 130,254
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
Ms Mary Cullen
Designated Member
28th March 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
Keystone Investment (UK) LLP is a limited liability partnership, incorporated in England & Wales, registered number OC372736 . The Registered Office is First Floor, 30 London Road, Sawbridgeworth, Hertfordshire, CM21 9JS.
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:
Plant & Machinery 25% Reducing balance
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: )
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2023 518,080
Disposals (50,000 )
As at 31 March 2024 468,080
Net Book Value
As at 31 March 2024 468,080
As at 1 April 2023 518,080
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 193
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 3
Bank loans and overdrafts 3,333 3,333
Other creditors 2,846 7,083
6,179 10,419
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 380,293 381,841
Page 4