Acorah Software Products - Accounts Production 16.2.850 false true false 17 February 2024 5 April 2025 5 April 2025 OC451073 Mr Ian McSeveney Mrs Marie McSeveney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC451073 2024-02-16 OC451073 2025-04-05 OC451073 2024-02-17 2025-04-05 OC451073 frs-core:CurrentFinancialInstruments 2025-04-05 OC451073 frs-core:Non-currentFinancialInstruments 2025-04-05 OC451073 frs-core:BetweenOneFiveYears 2025-04-05 OC451073 frs-core:FurnitureFittings 2025-04-05 OC451073 frs-core:FurnitureFittings 2024-02-17 2025-04-05 OC451073 frs-core:FurnitureFittings 2024-02-16 OC451073 frs-core:MotorVehicles 2025-04-05 OC451073 frs-core:MotorVehicles 2024-02-17 2025-04-05 OC451073 frs-core:MotorVehicles 2024-02-16 OC451073 frs-bus:LimitedLiabilityPartnershipLLP 2024-02-17 2025-04-05 OC451073 frs-bus:LimitedLiabilityPartnershipsSORP 2024-02-17 2025-04-05 OC451073 frs-bus:FilletedAccounts 2024-02-17 2025-04-05 OC451073 frs-bus:SmallEntities 2024-02-17 2025-04-05 OC451073 frs-bus:AuditExempt-NoAccountantsReport 2024-02-17 2025-04-05 OC451073 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-17 2025-04-05 OC451073 frs-bus:PartnerLLP1 2024-02-17 2025-04-05 OC451073 frs-bus:PartnerLLP2 2024-02-17 2025-04-05
Registered number: OC451073
Sev Gp LLP
Unaudited Financial Statements
For the Period 17 February 2024 to 5 April 2025
Property Accounting Here Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC451073
5 April 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 148,726
148,726
CURRENT ASSETS
Debtors 5 16,050
Cash at bank and in hand 28,060
44,110
Creditors: Amounts Falling Due Within One Year 6 (4,807 )
NET CURRENT ASSETS (LIABILITIES) 39,303
TOTAL ASSETS LESS CURRENT LIABILITIES 188,029
Creditors: Amounts Falling Due After More Than One Year 7 (113,936 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 74,093
REPRESENTED BY:
Equity
Members' other interests
Members' capital 74,263
Other reserves (170)
74,093
TOTAL MEMBERS' INTEREST
Members' other interests 74,093
74,093
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Page 2
For the period ending 5 April 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
Mr Ian McSeveney
Designated Member
29th May 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
Sev Gp LLP is a limited liability partnership, incorporated in , registered number OC451073 . The Registered Office is Gilta House, The Green, Lutterworth, LE17 5HL.
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:
Motor Vehicles 15% straight line
Fixtures & Fittings 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: NIL
-
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 17 February 2024 - - -
Additions 427,995 14,215 442,210
Disposals (259,995 ) - (259,995 )
As at 5 April 2025 168,000 14,215 182,215
Depreciation
As at 17 February 2024 - - -
Provided during the period 30,228 3,261 33,489
As at 5 April 2025 30,228 3,261 33,489
Net Book Value
As at 5 April 2025 137,772 10,954 148,726
As at 17 February 2024 - - -
5. Debtors
5 April 2025
£
Due within one year
Trade debtors 16,050
6. Creditors: Amounts Falling Due Within One Year
5 April 2025
£
Other creditors 2,000
Taxation and social security 2,807
4,807
7. Creditors: Amounts Falling Due After More Than One Year
5 April 2025
£
Net obligations under finance lease and hire purchase contracts 108,876
Other creditors 5,060
113,936
8. Obligations Under Finance Leases and Hire Purchase
5 April 2025
£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 108,876
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