Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SO301657 Mr J A McColl OBE Mr G McColl Clyde Blowers Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO301657 2023-12-31 SO301657 2024-12-31 SO301657 2024-01-01 2024-12-31 SO301657 frs-core:CurrentFinancialInstruments 2024-12-31 SO301657 frs-core:ComputerEquipment 2024-12-31 SO301657 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SO301657 frs-core:ComputerEquipment 2023-12-31 SO301657 frs-core:FurnitureFittings 2024-12-31 SO301657 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SO301657 frs-core:FurnitureFittings 2023-12-31 SO301657 frs-bus:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 SO301657 frs-bus:LimitedLiabilityPartnershipsSORP 2024-01-01 2024-12-31 SO301657 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SO301657 frs-bus:SmallEntities 2024-01-01 2024-12-31 SO301657 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SO301657 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SO301657 frs-core:CostValuation 2023-12-31 SO301657 frs-core:CostValuation 2024-12-31 SO301657 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 SO301657 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 SO301657 frs-countries:EnglandWales 2024-01-01 2024-12-31 SO301657 frs-bus:PartnerLLP1 2024-01-01 2024-12-31 SO301657 frs-bus:PartnerLLP2 2024-01-01 2024-12-31 SO301657 frs-bus:PartnerLLP3 2024-01-01 2024-12-31 SO301657 2022-12-31 SO301657 2023-12-31 SO301657 2023-01-01 2023-12-31 SO301657 frs-core:CurrentFinancialInstruments 2023-12-31 SO301657 frs-core:OtherReservesSubtotal 2022-12-31
Registered number: SO301657
Clyde Blowers Capital IM LLP
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: SO301657
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,185 3,027
Investments 5 1 1
2,186 3,028
CURRENT ASSETS
Debtors 6 137,034 529,882
Cash at bank and in hand 5,568 5,689
142,602 535,571
Creditors: Amounts Falling Due Within One Year 7 (137,756 ) (508,587 )
NET CURRENT ASSETS (LIABILITIES) 4,846 26,984
TOTAL ASSETS LESS CURRENT LIABILITIES 7,032 30,012
NET ASSETS ATTRIBUTABLE TO MEMBERS 7,032 30,012
REPRESENTED BY:
Equity
Members' other interests
Members' capital 137,758 137,758
Other reserves (130,726) (107,746)
7,032 30,012
TOTAL MEMBERS' INTEREST
Members' other interests 7,032 30,012
7,032 30,012
Page 1
Page 2
For the year 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
Mr J A McColl OBE
Designated Member
25 April 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY
Members' other interests
Members'Capital classified as Equity Other Reserves Total Equity Total members' interest
£ £ £ £
Balance at 1 January 2023 137,758 (115,139 ) 22,619 22,619
Profit/(loss) for the financial year available for discretionary division among members - 7,393 7,393 7,393
Members' interests after profit/(loss) for the year 137,758 (107,746) 30,012 30,012
As at 31 December 2023 and 1 January 2024 137,758 (107,746) 30,012 30,012
Profit/(loss) for the financial year available for discretionary division among members - (22,980 ) (22,980 ) (22,980 )
Members' interests after profit/(loss) for the year 137,758 (130,726) 7,032 7,032
As at 31 December 2024 137,758 (130,726) 7,032 7,032
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Clyde Blowers Capital IM LLP is a limited liability partnership, incorporated in England & Wales, registered number SO301657 . The Registered Office is Redwood House, 5 Redwood Crescent, Peel Park, East Kilbride, Glasgow, G74 5PA.
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:
Fixtures & Fittings 10 years
Computer Equipment 3 years
2.4. 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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 1 (2023: 3)
1 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 217,433 9,993 227,426
As at 31 December 2024 217,433 9,993 227,426
Depreciation
As at 1 January 2024 214,406 9,993 224,399
Provided during the period 842 - 842
As at 31 December 2024 215,248 9,993 225,241
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 December 2024 2,185 - 2,185
As at 1 January 2024 3,027 - 3,027
5. Investments
Subsidiaries
£
Cost
As at 1 January 2024 1
As at 31 December 2024 1
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1
As at 1 January 2024 1
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 2,910
Other debtors 4,105 526,972
Amounts due from members 132,929 -
137,034 529,882
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,733 13,259
VAT 7,290 -
Other creditors 103,233 466,828
Accruals and deferred income 18,500 28,500
137,756 508,587
Page 5