Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 OC358060 Mr Gavin Daly Mr Gary Daly Mr Keith Daly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC358060 2023-08-31 OC358060 2024-08-31 OC358060 2023-09-01 2024-08-31 OC358060 frs-core:CurrentFinancialInstruments 2024-08-31 OC358060 frs-core:Non-currentFinancialInstruments 2024-08-31 OC358060 frs-core:MotorVehicles 2024-08-31 OC358060 frs-core:MotorVehicles 2023-09-01 2024-08-31 OC358060 frs-core:MotorVehicles 2023-08-31 OC358060 frs-core:PlantMachinery 2024-08-31 OC358060 frs-core:PlantMachinery 2023-09-01 2024-08-31 OC358060 frs-core:PlantMachinery 2023-08-31 OC358060 frs-bus:LimitedLiabilityPartnershipLLP 2023-09-01 2024-08-31 OC358060 frs-bus:LimitedLiabilityPartnershipsSORP 2023-09-01 2024-08-31 OC358060 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 OC358060 frs-bus:SmallEntities 2023-09-01 2024-08-31 OC358060 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 OC358060 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 OC358060 frs-countries:EnglandWales 2023-09-01 2024-08-31 OC358060 frs-bus:PartnerLLP1 2023-09-01 2024-08-31 OC358060 frs-bus:PartnerLLP2 2023-09-01 2024-08-31 OC358060 frs-bus:PartnerLLP3 2023-09-01 2024-08-31 OC358060 2022-08-31 OC358060 2023-08-31 OC358060 2022-09-01 2023-08-31 OC358060 frs-core:CurrentFinancialInstruments 2023-08-31 OC358060 frs-core:Non-currentFinancialInstruments 2023-08-31
Registered number: OC358060
Daly Brothers LLP
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: OC358060
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 370,040 380,041
370,040 380,041
CURRENT ASSETS
Stocks 5 500 500
Debtors 6 169,422 42,493
Cash at bank and in hand 21,566 6,857
191,488 49,850
Creditors: Amounts Falling Due Within One Year 7 (10,148 ) (10,189 )
NET CURRENT ASSETS (LIABILITIES) 181,340 39,661
TOTAL ASSETS LESS CURRENT LIABILITIES 551,380 419,702
Creditors: Amounts Falling Due After More Than One Year 8 (11,590 ) (34,130 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 539,790 385,572
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 165,666 69,726
Other amounts 373,824 315,546
539,490 385,272
Equity
Members' other interests
Members' capital 300 300
300 300
539,790 385,572
...CONTINUED
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TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 539,490 385,272
Members' other interests 300 300
539,790 385,572
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 Income Statement.
On behalf of the members
Mr Gary Daly
Designated Member
Mr Keith Daly
Designated Member
22nd May 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
Daly Brothers LLP is a limited liability partnership, incorporated in England & Wales, registered number OC358060 . The Registered Office is 1 The Goldings, Dunmow Road, Leaden Roding, Dunmow, Essex, CM6 1GG.
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.

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:
Plant & Machinery 15% pa reducing balance
Motor Vehicles 15% pa reducing balance
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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: NIL (2023: NIL)
- -
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 611,842 6,000 617,842
Additions 48,527 - 48,527
As at 31 August 2024 660,369 6,000 666,369
Depreciation
As at 1 September 2023 235,016 2,785 237,801
Provided during the period 58,046 482 58,528
As at 31 August 2024 293,062 3,267 296,329
Net Book Value
As at 31 August 2024 367,307 2,733 370,040
As at 1 September 2023 376,826 3,215 380,041
5. Stocks
2024 2023
£ £
Materials 500 500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25,674 7,502
Other debtors 28,748 34,991
54,422 42,493
Due after more than one year
Other debtors 115,000 -
169,422 42,493
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,142 7,084
VAT 5,584 1,116
Other creditors 1,622 189
Accruals and deferred income 1,800 1,800
10,148 10,189
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 11,590 34,130
9. Related Party Transactions
In the opinion of the members there is no controlling party as defined by Financial Reporting Standard No 8 "Related party disclosures".
Coldstream Farming LLPKeith and Gary Daly are the designated members of Coldstream Farming LLPAn amount of £115,000 was loaned to Coldstream Farming LLP in the year with the balance at the year end of 31st August 2024 being £115,000. The loan is interest free and repayable upon demand.

Coldstream Farming LLP

Keith and Gary Daly are the designated members of Coldstream Farming LLP

An amount of £115,000 was loaned to Coldstream Farming LLP in the year with the balance at the year end of 31st August 2024 being £115,000. The loan is interest free and repayable upon demand.

10. Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the abridged statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the abridged statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the abridged statement of comprehensive income and are equity appropriations in the abridged statement of financial position.

...CONTINUED
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Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the abridged statement of financial position within 'Loans and other debts due to members' and are charged to the abridged statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the abridged statement of financial position within 'Members' other interests'.

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