Acorah Software Products - Accounts Production 16.1.300 false true true false 15 January 2024 31 December 2024 31 December 2024 OC450617 Jason Rollag Simon Batten Caroline Rollag iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC450617 2024-01-14 OC450617 2024-12-31 OC450617 2024-01-15 2024-12-31 OC450617 frs-core:CurrentFinancialInstruments 2024-12-31 OC450617 frs-bus:LimitedLiabilityPartnershipLLP 2024-01-15 2024-12-31 OC450617 frs-bus:LimitedLiabilityPartnershipsSORP 2024-01-15 2024-12-31 OC450617 frs-bus:FilletedAccounts 2024-01-15 2024-12-31 OC450617 frs-bus:SmallEntities 2024-01-15 2024-12-31 OC450617 frs-bus:AuditExempt-NoAccountantsReport 2024-01-15 2024-12-31 OC450617 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-15 2024-12-31 OC450617 frs-countries:EnglandWales 2024-01-15 2024-12-31 OC450617 frs-bus:PartnerLLP1 2024-01-15 2024-12-31 OC450617 frs-bus:PartnerLLP2 2024-01-15 2024-12-31 OC450617 frs-bus:PartnerLLP3 2024-01-15 2024-12-31
Registered number: OC450617
Murano UK LLP
Unaudited Financial Statements
For the Period 15 January 2024 to 31 December 2024
Sestini & Co Ltd.
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: OC450617
31 December 2024
Notes £ £
CURRENT ASSETS
Debtors 4 192,279
Cash at bank and in hand 59,249
251,528
Creditors: Amounts Falling Due Within One Year 5 (259,334 )
NET CURRENT ASSETS (LIABILITIES) (7,806 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,806 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (7,806 )
REPRESENTED BY:
Equity
Members' other interests
Other reserves (7,806)
(7,806)
TOTAL MEMBERS' INTEREST
Members' other interests (7,806)
(7,806)
For the period ending 31 December 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
Jason Rollag
Designated Member
28 February 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Murano UK LLP is a limited liability partnership, incorporated in England & Wales, registered number OC450617 . The Registered Office is 3 St James's Square, London, England, SW1Y 4JU.
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
As at the period end, the LLP had amounts due from members totalling £7,806. In considering the LLP's assets and
liabilities, 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. The accounts are therefore presented on a
going concern basis.  Members are not required to pay any sums to the LLP in respect of any unsatisfied element of any Losses.
2.3. Significant judgements and estimations
There were no critical accounting estimates or judgements required in the preparation of these financial statements.
2.4. 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.
2.5. Financial Instruments
The entity has only entered into basic financial instruments. Basic financial instruments are recognised at amortised
cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair
value, with changes recognised in profit or loss.
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses
for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any
transaction costs and subsequently measured at amortised cost determined using the effective interest method, less
any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial
liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at
amortised cost determined using the effective interest method.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Pensions
The LLP operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 5
5
4. Debtors
31 December 2024
£
Due within one year
Trade debtors 134,000
Other debtors 58,279
192,279
5. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 7,162
Other creditors 168,738
Taxation and social security 83,434
259,334
Page 3