Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 OC305098 Mr Anthony William Hudson Mrs Jennifer Linley Hudson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC305098 2023-07-31 OC305098 2024-07-31 OC305098 2023-08-01 2024-07-31 OC305098 frs-core:CurrentFinancialInstruments 2024-07-31 OC305098 frs-core:ComputerEquipment 2023-08-01 2024-07-31 OC305098 frs-core:FurnitureFittings 2024-07-31 OC305098 frs-core:FurnitureFittings 2023-08-01 2024-07-31 OC305098 frs-core:FurnitureFittings 2023-07-31 OC305098 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 OC305098 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 OC305098 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 OC305098 frs-bus:LimitedLiabilityPartnershipLLP 2023-08-01 2024-07-31 OC305098 frs-bus:LimitedLiabilityPartnershipsSORP 2023-08-01 2024-07-31 OC305098 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 OC305098 frs-bus:SmallEntities 2023-08-01 2024-07-31 OC305098 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 OC305098 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 OC305098 frs-countries:EnglandWales 2023-08-01 2024-07-31 OC305098 frs-bus:PartnerLLP1 2023-08-01 2024-07-31 OC305098 frs-bus:PartnerLLP2 2023-08-01 2024-07-31 OC305098 2022-07-31 OC305098 2023-07-31 OC305098 2022-08-01 2023-07-31 OC305098 frs-core:CurrentFinancialInstruments 2023-07-31
Registered number: OC305098
Barsham Barns (Norfolk) Limited Liability Partnership
Financial Statements
For The Year Ended 31 July 2024
Triple Bottom Line Accounting Limited
Association of International Accountants
The Enterprise Centre University Of East Anglia
Earlham Road
Norwich
Norfolk
NR4 7TJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC305098
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 170,190 177,648
170,190 177,648
CURRENT ASSETS
Debtors 5 - 341,589
Cash at bank and in hand - 117,590
- 459,179
Creditors: Amounts Falling Due Within One Year 6 (960 ) (108,584 )
NET CURRENT ASSETS (LIABILITIES) (960 ) 350,595
TOTAL ASSETS LESS CURRENT LIABILITIES 169,230 528,243
NET ASSETS ATTRIBUTABLE TO MEMBERS 169,230 528,243
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 148,442 517,349
148,442 517,349
Equity
Members' other interests
Other reserves 20,788 10,894
20,788 10,894
169,230 528,243
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 148,442 517,349
Members' other interests 20,788 10,894
169,230 528,243
Page 1
Page 2
For the year ending 31 July 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 Anthony William Hudson
Designated Member
Mrs Jennifer Linley Hudson
Designated Member
06/06/2025
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
Barsham Barns (Norfolk) Limited Liability Partnership is a limited liability partnership, incorporated in England & Wales, registered number OC305098 . The Registered Office is 37 St. Andrews Street, Norwich, England, NR2 4TP.
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
Revenue is recognised to the extent that It is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or r^elvable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide accommodation senrices Is recognised in the period In which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfit:
- the amount of revenue can be measure reliably:
- it is probable that the LLP will receive the consideration due under the contract؛
- the stage of completion of the contract at the end of the reporting period can be measured reliably: and
- the costs incumed and the costs to complete the contract can be measured 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:
Freehold 2.50% straight line basis
Fixtures & Fittings 20.00% reducing balance basis
Computer Equipment 15.00% reducing balance basis
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 269,422 3,101 272,523
Disposals - (3,101 ) (3,101 )
As at 31 July 2024 269,422 - 269,422
Depreciation
As at 1 August 2023 92,833 2,042 94,875
Provided during the period 6,399 - 6,399
Disposals - (2,042 ) (2,042 )
As at 31 July 2024 99,232 - 99,232
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2024 170,190 - 170,190
As at 1 August 2023 176,589 1,059 177,648
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 341,589
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 106,634
Other creditors 960 1,950
960 108,584
Page 4