Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 OC385705 Mrs Lynda Carter Mrs Sarah Hinchliff Mr James Carter (Snr) iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC385705 2024-03-31 OC385705 2025-03-31 OC385705 2024-04-01 2025-03-31 OC385705 frs-core:CurrentFinancialInstruments 2025-03-31 OC385705 frs-core:Non-currentFinancialInstruments 2025-03-31 OC385705 frs-core:FurnitureFittings 2025-03-31 OC385705 frs-core:FurnitureFittings 2024-04-01 2025-03-31 OC385705 frs-core:FurnitureFittings 2024-03-31 OC385705 frs-core:NetGoodwill 2025-03-31 OC385705 frs-core:NetGoodwill 2024-04-01 2025-03-31 OC385705 frs-core:NetGoodwill 2024-03-31 OC385705 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 OC385705 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 OC385705 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 OC385705 frs-core:MotorVehicles 2025-03-31 OC385705 frs-core:MotorVehicles 2024-04-01 2025-03-31 OC385705 frs-core:MotorVehicles 2024-03-31 OC385705 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC385705 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC385705 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC385705 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC385705 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC385705 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC385705 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC385705 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC385705 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC385705 frs-bus:PartnerLLP3 2024-04-01 2025-03-31 OC385705 2023-03-31 OC385705 2024-03-31 OC385705 2023-04-01 2024-03-31 OC385705 frs-core:CurrentFinancialInstruments 2024-03-31 OC385705 frs-core:Non-currentFinancialInstruments 2024-03-31 OC385705 frs-core:OtherReservesSubtotal 2023-03-31
Registered number: OC385705
The Drum & Monkey Restaurant LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
R Stride & Co LLP
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: OC385705
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 141,968 150,319
Tangible Assets 5 34,041 38,212
176,009 188,531
CURRENT ASSETS
Stocks 6 7,616 11,177
Cash at bank and in hand 67,349 54,673
74,965 65,850
Creditors: Amounts Falling Due Within One Year 7 (94,369 ) (84,881 )
NET CURRENT ASSETS (LIABILITIES) (19,404 ) (19,031 )
TOTAL ASSETS LESS CURRENT LIABILITIES 156,605 169,500
Creditors: Amounts Falling Due After More Than One Year 8 - (21,667 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 156,605 147,833
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 55,842 4,312
55,842 4,312
Equity
Members' other interests
Members' capital 100,763 143,521
100,763 143,521
156,605 147,833
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 55,842 4,312
Members' other interests 100,763 143,521
156,605 147,833
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
Mrs Sarah Hinchliff
Designated Member
Mr James Carter (Snr)
Designated Member
8th May 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Members'Capital classified as Equity Other Reserves Total Equity Other amounts Total members' interest
£ £ £ £ £
Balance at 1 April 2023 200,045 - 200,045 - 200,045
Profit/(loss) for the financial year available for discretionary division among members - 4,312 4,312 - 4,312
Members' interests after profit/(loss) for the year 200,045 4,312 204,357 - 204,357
Other divisions of profits (losses) - (4,312) (4,312) 4,312 -
Introduced by members 1,768 - 1,768 - 1,768
Drawings (58,292) - (58,292) - (58,292)
Amounts due to members - - - 4,312 -
As at 31 March 2024 and 1 April 2024 143,521 - 143,521 4,312 147,833
Profit/(loss) for the financial year available for discretionary division among members - 51,530 51,530 - 51,530
Members' interests after profit/(loss) for the year 143,521 51,530 195,051 4,312 199,363
Other divisions of profits (losses) - (51,530) (51,530) 51,530 -
Introduced by members 568 - 568 - 568
Drawings (43,326) - (43,326) - (43,326)
Amounts due to members - - - 55,842 -
As at 31 March 2025 100,763 - 100,763 55,842 156,605
Page 3
Page 4
Notes to the Financial Statements
1. General Information
The Drum & Monkey Restaurant LLP is a limited liability partnership, incorporated in England & Wales, registered number OC385705 . The Registered Office is 5 Montpellier Gardens, Harrogate, North Yorkshire, HG1 2TF.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 25 years.
2.4. 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:
Leasehold 5%
Motor Vehicles 25%
Fixtures & Fittings 20%
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 members with contracts of employment, during the year was: 17 (2024: 16)
17 16
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 208,776
As at 31 March 2025 208,776
Amortisation
As at 1 April 2024 58,457
Provided during the period 8,351
As at 31 March 2025 66,808
Net Book Value
As at 31 March 2025 141,968
As at 1 April 2024 150,319
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 1 12,500 96,428 108,929
Additions - - 4,779 4,779
As at 31 March 2025 1 12,500 101,207 113,708
Depreciation
As at 1 April 2024 - 5,469 65,248 70,717
Provided during the period - 1,758 7,192 8,950
As at 31 March 2025 - 7,227 72,440 79,667
Net Book Value
As at 31 March 2025 1 5,273 28,767 34,041
As at 1 April 2024 1 7,031 31,180 38,212
6. Stocks
2025 2024
£ £
Stock 7,616 11,177
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,997 5,776
Bank loans and overdrafts 4,071 -
Other creditors 39,952 39,145
Taxation and social security 41,349 39,960
94,369 84,881
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 21,667
Page 6