Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 OC347036 Mr Mark Mangano Mr Frank Joyce iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC347036 2023-07-31 OC347036 2024-07-31 OC347036 2023-08-01 2024-07-31 OC347036 frs-core:CurrentFinancialInstruments 2024-07-31 OC347036 frs-core:ComputerEquipment 2024-07-31 OC347036 frs-core:ComputerEquipment 2023-08-01 2024-07-31 OC347036 frs-core:ComputerEquipment 2023-07-31 OC347036 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-07-31 OC347036 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-08-01 2024-07-31 OC347036 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-07-31 OC347036 frs-core:FurnitureFittings 2024-07-31 OC347036 frs-core:FurnitureFittings 2023-08-01 2024-07-31 OC347036 frs-core:FurnitureFittings 2023-07-31 OC347036 frs-bus:LimitedLiabilityPartnershipLLP 2023-08-01 2024-07-31 OC347036 frs-bus:LimitedLiabilityPartnershipsSORP 2023-08-01 2024-07-31 OC347036 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 OC347036 frs-bus:SmallEntities 2023-08-01 2024-07-31 OC347036 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 OC347036 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 OC347036 frs-core:CurrentFinancialInstruments 1 2024-07-31 OC347036 frs-countries:EnglandWales 2023-08-01 2024-07-31 OC347036 frs-bus:PartnerLLP1 2023-08-01 2024-07-31 OC347036 frs-bus:PartnerLLP2 2023-08-01 2024-07-31 OC347036 2022-07-31 OC347036 2023-07-31 OC347036 2022-08-01 2023-07-31 OC347036 frs-core:CurrentFinancialInstruments 2023-07-31 OC347036 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: OC347036
Redfearns Solicitors LLP
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC347036
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 100 100
Tangible Assets 5 6,488 5,058
6,588 5,158
CURRENT ASSETS
Stocks 6 60,750 67,200
Debtors 7 54,955 59,070
Cash at bank and in hand 1,399,534 464,156
1,515,239 590,426
Creditors: Amounts Falling Due Within One Year 8 (1,466,567 ) (566,135 )
NET CURRENT ASSETS (LIABILITIES) 48,672 24,291
TOTAL ASSETS LESS CURRENT LIABILITIES 55,260 29,449
NET ASSETS ATTRIBUTABLE TO MEMBERS 55,260 29,449
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 20,000 20,000
Other amounts 30,709 4,898
50,709 24,898
Equity
Members' other interests
Members' capital 4,680 4,680
Other reserves (129) (129)
4,551 4,551
55,260 29,449
TOTAL MEMBERS' INTEREST
Amounts due from members (4,365) (4,491)
Loans and other debts due to members within one year 50,709 24,898
Members' other interests 4,551 4,551
50,895 24,958
Page 1
Page 2
For the year ending 31 July 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 Mark Mangano
Designated Member
15/04/2025
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
Redfearns Solicitors LLP is a limited liability partnership, incorporated in England & Wales, registered number OC347036 . The Registered Office is Midland Bank Chambers, 68 Market Place, Heckmondwike, West Yorkshire, WF16 0HZ.
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 comprises the invoiced value of goods and services supplied by the LLP, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets is the partnership's law library. It is amortised to the profit and loss account over its estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 8)
6 8
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 August 2023 100
As at 31 July 2024 100
Net Book Value
As at 31 July 2024 100
As at 1 August 2023 100
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 116,908 16,616 133,524
Additions 2,669 503 3,172
As at 31 July 2024 119,577 17,119 136,696
Depreciation
As at 1 August 2023 113,264 15,202 128,466
Provided during the period 1,263 479 1,742
As at 31 July 2024 114,527 15,681 130,208
Net Book Value
As at 31 July 2024 5,050 1,438 6,488
As at 1 August 2023 3,644 1,414 5,058
6. Stocks
2024 2023
£ £
Work in progress 60,750 67,200
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 38,686 42,675
Prepayments and accrued income 11,904 11,904
Amounts due from members 4,365 4,491
54,955 59,070
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 46,723 34,334
Bank loans and overdrafts - 39,179
Other taxes and social security 1,322 1,514
VAT 23,749 14,419
Other creditors 3,433 9,533
Client balances 1,388,340 464,156
Accruals and deferred income 3,000 3,000
1,466,567 566,135
Page 4