Acorah Software Products - Accounts Production 16.2.850 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 OC390842 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC390842 2023-04-30 OC390842 2024-04-30 OC390842 2023-05-01 2024-04-30 OC390842 frs-core:CurrentFinancialInstruments 2024-04-30 OC390842 frs-core:Non-currentFinancialInstruments 2024-04-30 OC390842 frs-core:MotorVehicles 2024-04-30 OC390842 frs-core:MotorVehicles 2023-05-01 2024-04-30 OC390842 frs-core:MotorVehicles 2023-04-30 OC390842 frs-bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 OC390842 frs-bus:LimitedLiabilityPartnershipsSORP 2023-05-01 2024-04-30 OC390842 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 OC390842 frs-bus:SmallEntities 2023-05-01 2024-04-30 OC390842 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 OC390842 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 OC390842 frs-core:UnlistedNon-exchangeTraded 2024-04-30 OC390842 frs-core:UnlistedNon-exchangeTraded 2023-04-30 OC390842 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 OC390842 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-04-30 OC390842 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 OC390842 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 OC390842 frs-core:CurrentFinancialInstruments 1 2024-04-30 OC390842 frs-core:Non-currentFinancialInstruments 9 2024-04-30 OC390842 frs-countries:EnglandWales 2023-05-01 2024-04-30 OC390842 frs-bus:PartnerLLP1 2023-05-01 2024-04-30 OC390842 2022-04-30 OC390842 2023-04-30 OC390842 2022-05-01 2023-04-30 OC390842 frs-core:CurrentFinancialInstruments 2023-04-30 OC390842 frs-core:Non-currentFinancialInstruments 2023-04-30 OC390842 frs-core:CurrentFinancialInstruments 1 2023-04-30 OC390842 frs-core:Non-currentFinancialInstruments 9 2023-04-30
Registered number: OC390842
QUANTUM VALUATIONS LLP
Unaudited Financial Statements
For The Year Ended 30 April 2024
N Dunlop & Co
Lairig Ghru
Dropmore Road
Burnham
Bucks
SL1 8BA
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: OC390842
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,400 14,588
Investments 5 150,000 150,000
162,400 164,588
CURRENT ASSETS
Debtors 6 170,962 261,419
Cash at bank and in hand 100,262 135,930
271,224 397,349
Creditors: Amounts Falling Due Within One Year 7 (247,753 ) (289,870 )
NET CURRENT ASSETS (LIABILITIES) 23,471 107,479
TOTAL ASSETS LESS CURRENT LIABILITIES 185,871 272,067
Creditors: Amounts Falling Due After More Than One Year 8 (49,452 ) (80,678 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 136,419 191,389
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability (640,727) (640,727)
Other amounts 740,359 457,805
99,632 (182,922)
Equity
Members' other interests
Members' capital (1,497,733) (1,160,209)
Other reserves 1,534,520 1,534,520
36,787 374,311
136,419 191,389
...CONTINUED
Page 1
Page 2
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 99,632 (182,922)
Members' other interests 36,787 374,311
136,419 191,389
For the year ending 30 April 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 Income Statement.
On behalf of the members
Mr ALISTAIR SMEE
Partner
29th April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
QUANTUM VALUATIONS LLP is a limited liability partnership, incorporated in England & Wales, registered number OC390842 . The Registered Office is 69/71 High Street, Wargrave, Reading, Berks, RG10 8BU.
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:
Motor Vehicles 20
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 May 2023 16,208
As at 30 April 2024 16,208
Depreciation
As at 1 May 2023 1,620
Provided during the period 2,188
As at 30 April 2024 3,808
Net Book Value
As at 30 April 2024 12,400
As at 1 May 2023 14,588
5. Investments
Unlisted
£
Cost
As at 1 May 2023 150,000
As at 30 April 2024 150,000
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 150,000
As at 1 May 2023 150,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 148,712 203,644
Other debtors 10,000 25,000
Accrued income and prepayments 12,250 32,775
170,962 261,419
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 124,681 167,323
Other taxes and social security 27,643 47,387
Other creditors 95,429 75,160
247,753 289,870
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 29,475 50,000
Bank Loan 19,977 30,678
49,452 80,678
Page 5