Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 March 2024 31 March 2024 OC400861 Christopher Albion Ann Lord iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC400861 2023-07-31 OC400861 2024-03-31 OC400861 2023-08-01 2024-03-31 OC400861 frs-core:CurrentFinancialInstruments 2024-03-31 OC400861 frs-core:Non-currentFinancialInstruments 2024-03-31 OC400861 frs-core:ComputerEquipment 2024-03-31 OC400861 frs-core:ComputerEquipment 2023-08-01 2024-03-31 OC400861 frs-core:ComputerEquipment 2023-07-31 OC400861 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC400861 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-03-31 OC400861 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 OC400861 frs-core:MotorVehicles 2024-03-31 OC400861 frs-core:MotorVehicles 2023-08-01 2024-03-31 OC400861 frs-core:MotorVehicles 2023-07-31 OC400861 frs-bus:LimitedLiabilityPartnershipLLP 2023-08-01 2024-03-31 OC400861 frs-bus:LimitedLiabilityPartnershipsSORP 2023-08-01 2024-03-31 OC400861 frs-bus:FilletedAccounts 2023-08-01 2024-03-31 OC400861 frs-bus:SmallEntities 2023-08-01 2024-03-31 OC400861 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-03-31 OC400861 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-03-31 OC400861 frs-countries:EnglandWales 2023-08-01 2024-03-31 OC400861 frs-bus:PartnerLLP1 2023-08-01 2024-03-31 OC400861 frs-bus:PartnerLLP2 2023-08-01 2024-03-31 OC400861 2022-07-31 OC400861 2023-07-31 OC400861 2022-08-01 2023-07-31 OC400861 frs-core:CurrentFinancialInstruments 2023-07-31 OC400861 frs-core:Non-currentFinancialInstruments 2023-07-31
Registered number: OC400861
Dower House Properties LLP
Unaudited Financial Statements
For the Period 1 August 2023 to 31 March 2024
David Birch - Brook Lane Services Ltd
Chartered Accountants
The Brook
18b Shefford Road
Meppershall
Bedfordshire
SG17 5LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: OC400861
31 March 2024 31 July 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 974,187 976,038
974,187 976,038
CURRENT ASSETS
Debtors 7 716 470
716 470
Creditors: Amounts Falling Due Within One Year 8 (2,280 ) (1,530 )
NET CURRENT ASSETS (LIABILITIES) (1,564 ) (1,060 )
TOTAL ASSETS LESS CURRENT LIABILITIES 972,623 974,978
Creditors: Amounts Falling Due After More Than One Year 9 (175,579 ) (175,579 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 797,044 799,399
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 445,604 447,959
445,604 447,959
Equity
Members' other interests
Revaluation reserve 351,440 351,440
351,440 351,440
797,044 799,399
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 445,604 447,959
Members' other interests 351,440 351,440
797,044 799,399
Page 1
Page 2
For the period 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
Christopher Albion
Designated Member
21st April 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dower House Properties LLP is a limited liability partnership, incorporated in England & Wales, registered number OC400861 . The Registered Office is 28 Meadow Road, Wolston, Coventry, Warwickshire, CV8 3HL.
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 have been prepared on the historical cost basis, as modified by the revaluation of Iinvestment Properties measured at fair value through profit or loss.
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 or allowances, in respect of rental income receivable.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. 
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase or decrease in the carrying amount of an asset as a result of a revaluation, is recognised in the profits for the year and accumulated in equity.   
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Investment Properties Nil
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Straight Line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist.  Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.  Prior impairments are also reviewed for possible reversal at each reporting date
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.
Page 3
Page 4
2.4. Investment Properties
investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. 
Changes in fair value are recognised in the profit and loss account.
Investment Properties are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. 
Investment Properties carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 
An increase in the carrying amount of an Investment Property as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss.
A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset.  
Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess is recognised in profit or loss.
2.5. Members' Participation Rights and Liabilities
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to Members'.  
Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are credited to Members and thereby shown as liabilities in the statement of financial position.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: NIL (2023: NIL)
- -
4. Prior Period Adjustment
The comparative figures for the prior year Accounts have been restated to correct mispostings and presentation of information related to property sales and the effects on Revaluation Reserves, Fixed Assets and long Term Liabilities payable. Details are set out in the relevant Note to the Accounts.
Page 4
Page 5
5. Tangible Assets
Land & Property
Freehold Investment Properties Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 966,000 21,355 2,430 989,785
As at 31 March 2024 966,000 21,355 2,430 989,785
Depreciation
As at 1 August 2023 - 13,215 532 13,747
Provided during the period - 1,360 491 1,851
As at 31 March 2024 - 14,575 1,023 15,598
Net Book Value
As at 31 March 2024 966,000 6,780 1,407 974,187
As at 1 August 2023 966,000 8,140 1,898 976,038
The Net Book Value of Computer Equipment has been restated.  
The previously reported amounts were:
  • Computer Equipment - cost £1,340, depreciation £532, Net Book Value £808
6. Investment Property
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 March 2024 31 July 2023
as restated
£ £
Cost 614,560 614,560
7. Debtors
31 March 2024 31 July 2023
as restated
£ £
Due within one year
Prepayments and accrued income 716 470
8. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 July 2023
as restated
£ £
Accruals and deferred income 2,280 1,530
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 July 2023
as restated
£ £
Other creditors 175,579 175,579
The loans are secured on the Investment Property and repayable between one and five years from the Balance Sheet date.
The loan balances for the prior period have been restated to include additional amounts payable (previously stated as £173,673).
10. Related Party Transactions
The Investment Properties were initially purchased by the Designated Members.  The title has been held by the Designated Members for the benefit of the LLP since commencement of the LLP's Property acquisition and rental activities.
The Designated Members raised loan finance to purchase the Investment Properties.  The LLP is required and obliged by the Members to meet the payments and interest costs payable under the terms of the loan agreements.
The LLP Accounts reflect the Asset and Liability positions set out above.
Page 6