Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 OC420054 Ms Stephanie Milano iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC420054 2023-12-31 OC420054 2024-12-31 OC420054 2024-01-01 2024-12-31 OC420054 frs-core:CurrentFinancialInstruments 2024-12-31 OC420054 frs-core:ComputerEquipment 2024-12-31 OC420054 frs-core:ComputerEquipment 2024-01-01 2024-12-31 OC420054 frs-core:ComputerEquipment 2023-12-31 OC420054 frs-bus:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC420054 frs-bus:LimitedLiabilityPartnershipsSORP 2024-01-01 2024-12-31 OC420054 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 OC420054 frs-bus:SmallEntities 2024-01-01 2024-12-31 OC420054 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 OC420054 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 OC420054 frs-countries:EnglandWales 2024-01-01 2024-12-31 OC420054 frs-bus:PartnerLLP1 2024-01-01 2024-12-31 OC420054 2022-12-31 OC420054 2023-12-31 OC420054 2023-01-01 2023-12-31 OC420054 frs-core:CurrentFinancialInstruments 2023-12-31
Registered number: OC420054
Joffe & Partners LLP
Financial Statements
For The Year Ended 31 December 2024
TaxAssist Accountants
563 Chiswick High Road
London
W4 3AY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC420054
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,838 1,600
3,838 1,600
CURRENT ASSETS
Debtors 5 282,570 127,271
Cash at bank and in hand 169,281 121,313
451,851 248,584
Creditors: Amounts Falling Due Within One Year 6 (129,303 ) (77,711 )
NET CURRENT ASSETS (LIABILITIES) 322,548 170,873
TOTAL ASSETS LESS CURRENT LIABILITIES 326,386 172,473
NET ASSETS ATTRIBUTABLE TO MEMBERS 326,386 172,473
REPRESENTED BY:
Equity
Members' other interests
Members' capital (1,521,742) (1,218,919)
Other reserves 1,848,128 1,391,392
326,386 172,473
TOTAL MEMBERS' INTEREST
Members' other interests 326,386 172,473
326,386 172,473
Page 1
Page 2
For the year ending 31 December 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
Ms Stephanie Milano
Designated Member
01/05/2025
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
Joffe & Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC420054 . The Registered Office is 5 Chancery Lane, London, WC2A 1LG.
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:
Computer Equipment 20% reducing balance
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: 4 (2023: 3)
4 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 3,251
Additions 3,197
As at 31 December 2024 6,448
Depreciation
As at 1 January 2024 1,651
Provided during the period 959
As at 31 December 2024 2,610
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 3,838
As at 1 January 2024 1,600
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 183,025 127,271
Other debtors 99,545 -
282,570 127,271
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,945 41,144
Other taxes and social security 5,336 14,600
VAT 60,609 16,873
Net wages 230 230
Other creditors 40,183 4,864
129,303 77,711
Page 4