Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 5 April 2024 5 April 2024 OC424918 Mr Richard Stokes Mrs Annette Greene Mrs Sharon Stokes Mr Nigel Greene iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC424918 2023-11-30 OC424918 2024-04-05 OC424918 2023-12-01 2024-04-05 OC424918 frs-core:CurrentFinancialInstruments 2024-04-05 OC424918 frs-core:Non-currentFinancialInstruments 2024-04-05 OC424918 frs-bus:LimitedLiabilityPartnershipLLP 2023-12-01 2024-04-05 OC424918 frs-bus:LimitedLiabilityPartnershipsSORP 2023-12-01 2024-04-05 OC424918 frs-bus:FilletedAccounts 2023-12-01 2024-04-05 OC424918 frs-bus:SmallEntities 2023-12-01 2024-04-05 OC424918 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-04-05 OC424918 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-04-05 OC424918 frs-core:CostValuation 2023-11-30 OC424918 frs-core:CostValuation 2024-04-05 OC424918 frs-core:ProvisionsForImpairmentInvestments 2023-11-30 OC424918 frs-core:ProvisionsForImpairmentInvestments 2024-04-05 OC424918 frs-core:Non-currentFinancialInstruments 1 2024-04-05 OC424918 frs-core:Non-currentFinancialInstruments 2 2024-04-05 OC424918 frs-core:Non-currentFinancialInstruments 4 2024-04-05 OC424918 frs-core:Non-currentFinancialInstruments 5 2024-04-05 OC424918 frs-core:Non-currentFinancialInstruments 6 2024-04-05 OC424918 frs-core:Non-currentFinancialInstruments 8 2024-04-05 OC424918 frs-core:Non-currentFinancialInstruments 9 2024-04-05 OC424918 frs-countries:EnglandWales 2023-12-01 2024-04-05 OC424918 frs-bus:PartnerLLP1 2023-12-01 2024-04-05 OC424918 frs-bus:PartnerLLP2 2023-12-01 2024-04-05 OC424918 frs-bus:PartnerLLP3 2023-12-01 2024-04-05 OC424918 frs-bus:PartnerLLP4 2023-12-01 2024-04-05 OC424918 2022-11-30 OC424918 2023-11-30 OC424918 2022-12-01 2023-11-30 OC424918 frs-core:CurrentFinancialInstruments 2023-11-30 OC424918 frs-core:Non-currentFinancialInstruments 2023-11-30 OC424918 frs-core:Non-currentFinancialInstruments 1 2023-11-30 OC424918 frs-core:Non-currentFinancialInstruments 2 2023-11-30 OC424918 frs-core:Non-currentFinancialInstruments 4 2023-11-30 OC424918 frs-core:Non-currentFinancialInstruments 5 2023-11-30 OC424918 frs-core:Non-currentFinancialInstruments 6 2023-11-30 OC424918 frs-core:Non-currentFinancialInstruments 8 2023-11-30 OC424918 frs-core:Non-currentFinancialInstruments 9 2023-11-30
Registered number: OC424918
EquaCapital LLP
Unaudited Financial Statements
For the Period 1 December 2023 to 5 April 2024
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC424918
5 April 2024 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 34,262 34,262
34,262 34,262
CURRENT ASSETS
Debtors 5 984,283 982,687
Cash at bank and in hand 4,715 4,880
988,998 987,567
Creditors: Amounts Falling Due Within One Year 6 (240,381 ) (181,142 )
NET CURRENT ASSETS (LIABILITIES) 748,617 806,425
TOTAL ASSETS LESS CURRENT LIABILITIES 782,879 840,687
Creditors: Amounts Falling Due After More Than One Year 7 (855,950 ) (903,650 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (73,071 ) (62,963 )
REPRESENTED BY:
Equity
Members' other interests
Members' capital 7,759 (7,077)
Other reserves (80,830) (55,886)
(73,071) (62,963)
TOTAL MEMBERS' INTEREST
Amounts due from members (203,422) (178,478)
Members' other interests (73,071) (62,963)
(276,493) (241,441)
Page 1
Page 2
For the period ending 5 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 Profit and Loss Account.
On behalf of the members
Mr Nigel Greene
Designated Member
27th January 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
EquaCapital LLP is a limited liability partnership, incorporated in England & Wales, registered number OC424918 . The Registered Office is 1 London Road, Ipswich, Suffolk, IP1 2HA.
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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 2 (2023: 2)
2 2
4. Investments
Other
£
Cost
As at 1 December 2023 34,262
As at 5 April 2024 34,262
Provision
As at 1 December 2023 -
As at 5 April 2024 -
Net Book Value
As at 5 April 2024 34,262
As at 1 December 2023 34,262
Page 3
Page 4
5. Debtors
5 April 2024 30 November 2023
£ £
Due within one year
Amounts due from members 203,422 178,478
Due after more than one year
Legacy Property Ltd intercompany loan 55,085 55,085
Portal Precinct Investments Ltd loan 174,793 174,293
Runfold SSAS Intercompany loan 192,700 242,700
Investor Loan (Trusteeco ltd) 332,131 332,131
Equagen Ltd 26,152 -
780,861 804,209
984,283 982,687
6. Creditors: Amounts Falling Due Within One Year
5 April 2024 30 November 2023
£ £
Accrued Loan Interest 180,001 120,002
Accruals and deferred income 60,380 61,140
240,381 181,142
7. Creditors: Amounts Falling Due After More Than One Year
5 April 2024 30 November 2023
£ £
Bank loans (F4 PROPERTIES LTD) 150,000 200,000
Other loans (Freya Five Ltd) 150,000 150,000
Equassas Ltd intercompany loan 206,700 206,700
Equa Group Ltd intercompany loan 39,750 21,950
Sustainomics Ltd Intercompany loan 75,000 75,000
EquaCapital LLP Intercompany Loan 145,000 145,000
Sustainomics Holdings Limited 81,500 105,000
Other creditors 8,000 -
855,950 903,650
Page 4