Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 30 March 2022 false 1 September 2023 31 August 2024 31 August 2024 OC305346 All Styles Consultants Limited Mascolo Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC305346 2023-08-31 OC305346 2024-08-31 OC305346 2023-09-01 2024-08-31 OC305346 frs-core:CurrentFinancialInstruments 2024-08-31 OC305346 frs-core:Non-currentFinancialInstruments 2024-08-31 OC305346 frs-core:FurnitureFittings 2023-09-01 2024-08-31 OC305346 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 OC305346 frs-core:MotorVehicles 2023-09-01 2024-08-31 OC305346 frs-bus:LimitedLiabilityPartnershipLLP 2023-09-01 2024-08-31 OC305346 frs-bus:LimitedLiabilityPartnershipsSORP 2023-09-01 2024-08-31 OC305346 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 OC305346 frs-bus:SmallEntities 2023-09-01 2024-08-31 OC305346 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 OC305346 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 OC305346 frs-countries:EnglandWales 2023-09-01 2024-08-31 OC305346 frs-bus:PartnerLLP1 2023-09-01 2024-08-31 OC305346 frs-bus:PartnerLLP2 2023-09-01 2024-08-31 OC305346 2022-03-29 OC305346 2023-08-31 OC305346 2022-03-30 2023-08-31 OC305346 frs-core:CurrentFinancialInstruments 2023-08-31 OC305346 frs-core:Non-currentFinancialInstruments 2023-08-31
Registered number: OC305346
Mascolo & Styles Limited Liability Partnership
Unaudited Financial Statements
For The Year Ended 31 August 2024
Johnston Wood Roach Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: OC305346
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 908,456 538,599
Cash at bank and in hand 200 200
908,656 538,799
Creditors: Amounts Falling Due Within One Year 5 (213,756 ) (214,510 )
NET CURRENT ASSETS (LIABILITIES) 694,900 324,289
TOTAL ASSETS LESS CURRENT LIABILITIES 694,900 324,289
Creditors: Amounts Falling Due After More Than One Year 6 (8,333 ) (18,333 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 686,567 305,956
REPRESENTED BY:
Loans and other debts due to members
Other amounts 686,567 305,956
686,567 305,956
686,567 305,956
TOTAL MEMBERS' INTEREST
Amounts due from members (908,456) (538,280)
Loans and other debts due to members 686,567 305,956
(221,889) (232,324)
Page 1
Page 2
For the year ending 31 August 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
All Styles Consultants Limited
Designated Member
20 May 2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mascolo & Styles Limited Liability Partnership is a limited liability partnership, incorporated in England & Wales, registered number OC305346 . The Registered Office is Mascolo & Styles, Berkeley House, Amery Street, Alton, Hampshire, GU34 1HN.
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. 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:
Freehold 1% Straight Line
Motor Vehicles 20% Straight Line
Fixtures & Fittings 33% Straight Line
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
Other debtors 908,456 538,599
5. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Trade creditors 1 1
Bank loans and overdrafts 10,000 10,000
Other creditors 203,755 204,509
213,756 214,510
6. Creditors: Amounts Falling Due After More Than One Year
31 August 2024 31 August 2023
£ £
Bank loans 8,333 18,333
Page 3