Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 OC414981 Ms Leonor Garcia Mr Adrian Bara iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC414981 2024-03-31 OC414981 2025-03-31 OC414981 2024-04-01 2025-03-31 OC414981 frs-core:CurrentFinancialInstruments 2025-03-31 OC414981 frs-core:Non-currentFinancialInstruments 2025-03-31 OC414981 frs-core:ComputerEquipment 2025-03-31 OC414981 frs-core:ComputerEquipment 2024-04-01 2025-03-31 OC414981 frs-core:ComputerEquipment 2024-03-31 OC414981 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 OC414981 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC414981 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC414981 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC414981 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC414981 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC414981 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC414981 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC414981 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC414981 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC414981 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC414981 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC414981 2023-03-31 OC414981 2024-03-31 OC414981 2023-04-01 2024-03-31 OC414981 frs-core:CurrentFinancialInstruments 2024-03-31 OC414981 frs-core:Non-currentFinancialInstruments 2024-03-31
Registered number: OC414981
GenesisProp LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC414981
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,618,200 2,077,200
1,618,200 2,077,200
CURRENT ASSETS
Debtors 5 13,479 1,284
Cash at bank and in hand 1,560 7,352
15,039 8,636
Creditors: Amounts Falling Due Within One Year 6 (175 ) (1,975 )
NET CURRENT ASSETS (LIABILITIES) 14,864 6,661
TOTAL ASSETS LESS CURRENT LIABILITIES 1,633,064 2,083,861
Creditors: Amounts Falling Due After More Than One Year 7 (1,021,968 ) (1,518,656 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 611,096 565,205
REPRESENTED BY:
Equity
Equity
Members' capital 632,896 618,005
Revaluation reserve (21,800) (52,800)
611,096 565,205
TOTAL MEMBERS' INTEREST
Equity 611,096 565,205
611,096 565,205
Page 1
Page 2
For the year ending 31 March 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 Adrian Bara
Designated Member
5 June 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
GenesisProp LLP is a limited liability partnership, incorporated in England & Wales, registered number OC414981 . The Registered Office is The Mill, Pury Hill Business Park, Alderton Road, Towcester, NN12 7LS.
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:
Freehold No depreciation
Computer Equipment 4 years straight line
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2024: NIL)
2 -
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 April 2024 2,077,200 859 2,078,059
Disposals (490,000 ) - (490,000 )
Revaluation 31,000 - 31,000
As at 31 March 2025 1,618,200 859 1,619,059
Depreciation
As at 1 April 2024 - 859 859
As at 31 March 2025 - 859 859
Net Book Value
As at 31 March 2025 1,618,200 - 1,618,200
As at 1 April 2024 2,077,200 - 2,077,200
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 11,200 -
Other debtors 2,279 1,284
13,479 1,284
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 175 1,975
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,021,968 1,518,656
Page 4