Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 OC434566 DIGITAL CAPITAL RESEARCH LIMITED Mr SATHESAN GANESARAJAH iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC434566 2024-03-31 OC434566 2025-03-31 OC434566 2024-04-01 2025-03-31 OC434566 frs-core:CurrentFinancialInstruments 2025-03-31 OC434566 frs-core:FurnitureFittings 2025-03-31 OC434566 frs-core:FurnitureFittings 2024-04-01 2025-03-31 OC434566 frs-core:FurnitureFittings 2024-03-31 OC434566 frs-core:PlantMachinery 2025-03-31 OC434566 frs-core:PlantMachinery 2024-04-01 2025-03-31 OC434566 frs-core:PlantMachinery 2024-03-31 OC434566 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC434566 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC434566 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC434566 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC434566 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC434566 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC434566 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC434566 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC434566 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC434566 2023-03-31 OC434566 2024-03-31 OC434566 2023-04-01 2024-03-31 OC434566 frs-core:CurrentFinancialInstruments 2024-03-31
Registered number: OC434566
SKYLAKE MANAGEMENT LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
Durhams Accountants Limited
8 Yorkdale Drive
Hambleton
North Yorkshire
YO8 9YB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC434566
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,960 1,960
1,960 1,960
CURRENT ASSETS
Debtors 5 1,343,979 1,220,910
Cash at bank and in hand 1 -
1,343,980 1,220,910
Creditors: Amounts Falling Due Within One Year 6 (860,176 ) (797,885 )
NET CURRENT ASSETS (LIABILITIES) 483,804 423,025
TOTAL ASSETS LESS CURRENT LIABILITIES 485,764 424,985
NET ASSETS ATTRIBUTABLE TO MEMBERS 485,764 424,985
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 424,539 424,985
424,539 424,985
Equity
Members' other interests
Other reserves 61,225 -
61,225 -
485,764 424,985
TOTAL MEMBERS' INTEREST
Amounts due from members (1,343,979) (1,220,910)
Loans and other debts due to members within one year 424,539 424,985
Members' other interests 61,225 -
(858,215) (795,925)
Page 1
Page 2
For the year ending 31 March 2025 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 SATHESAN GANESARAJAH
Designated Member
19/04/2025
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
SKYLAKE MANAGEMENT LLP is a limited liability partnership, incorporated in England & Wales, registered number OC434566 . The Registered Office is Suite 1A The Gaslight, Lower Warrengate, Wakefield, WF1 1SA.
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 4 Years
Fixtures & Fittings 4 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 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 4,940,000 3,042 4,943,042
As at 31 March 2025 4,940,000 3,042 4,943,042
Depreciation
As at 1 April 2024 4,940,000 1,082 4,941,082
As at 31 March 2025 4,940,000 1,082 4,941,082
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2025 - 1,960 1,960
As at 1 April 2024 - 1,960 1,960
5. Debtors
2025 2024
£ £
Due within one year
Amounts due from members 1,343,979 1,220,910
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 860,176 797,885
Page 4