Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 OC349844 Ms W A Gales Mr B H Chapman true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC349844 2023-12-31 OC349844 2024-12-31 OC349844 2024-01-01 2024-12-31 OC349844 frs-core:CurrentFinancialInstruments 2024-12-31 OC349844 frs-core:ComputerEquipment 2024-12-31 OC349844 frs-core:ComputerEquipment 2024-01-01 2024-12-31 OC349844 frs-core:ComputerEquipment 2023-12-31 OC349844 frs-core:FurnitureFittings 2024-01-01 2024-12-31 OC349844 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 OC349844 frs-bus:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC349844 frs-bus:LimitedLiabilityPartnershipsSORP 2024-01-01 2024-12-31 OC349844 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 OC349844 frs-bus:SmallEntities 2024-01-01 2024-12-31 OC349844 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 OC349844 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 OC349844 1 2024-01-01 2024-12-31 OC349844 frs-core:CostValuation 2023-12-31 OC349844 frs-core:AdditionsToInvestments 2024-12-31 OC349844 frs-core:DisposalsRepaymentsInvestments 2024-12-31 OC349844 frs-core:CostValuation 2024-12-31 OC349844 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 OC349844 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 OC349844 frs-countries:EnglandWales 2024-01-01 2024-12-31 OC349844 frs-bus:PartnerLLP1 2024-01-01 2024-12-31 OC349844 frs-bus:PartnerLLP2 2024-01-01 2024-12-31 OC349844 2022-12-31 OC349844 2023-12-31 OC349844 2023-01-01 2023-12-31 OC349844 frs-core:CurrentFinancialInstruments 2023-12-31
Registered number: OC349844
Threadmark LLP
Unaudited Financial Statements
For The Year Ended 31 December 2024
Halkin Lerman Davis Limited
Beaumont Chancery 44 Southampton Buildings
Halkin Lerman Davis
London
WC2A 1AP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC349844
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,445 1,730
Investments 5 63,203 66,869
66,648 68,599
CURRENT ASSETS
Debtors 6 616,706 50,706
Cash at bank and in hand 1,506,662 1,500,859
2,123,368 1,551,565
Creditors: Amounts Falling Due Within One Year 7 (703,753 ) (251,716 )
NET CURRENT ASSETS (LIABILITIES) 1,419,615 1,299,849
TOTAL ASSETS LESS CURRENT LIABILITIES 1,486,263 1,368,448
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,486,263 1,368,448
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 1,203,763 1,200,948
1,203,763 1,200,948
Equity
Members' other interests
Members' capital 282,500 167,500
282,500 167,500
1,486,263 1,368,448
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 1,203,763 1,200,948
Members' other interests 282,500 167,500
1,486,263 1,368,448
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 W A Gales
Designated Member
Mr B H Chapman
Designated Member
04/06/2025
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
Threadmark LLP is a limited liability partnership, incorporated in England & Wales, registered number OC349844 . The Registered Office is 1st Floor, HealthAid House, Marlborough Hill, Harrow, Middlesex, HA1 1UD.
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:
Leasehold 10% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 33% Straight line
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: 11 (2023: 8)
11 8
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 32,974
Additions 3,433
As at 31 December 2024 36,407
Depreciation
As at 1 January 2024 31,244
Provided during the period 1,718
As at 31 December 2024 32,962
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 3,445
As at 1 January 2024 1,730
5. Investments
Other
£
Cost
As at 1 January 2024 66,869
Additions 63,203
Disposals (66,869 )
As at 31 December 2024 63,203
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 63,203
As at 1 January 2024 66,869
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 616,706 50,706
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 185 -
Other creditors 479,934 95,657
Taxation and social security 223,634 156,059
703,753 251,716
8. Related Party Transactions
Included within other debtors due within one year at the balance sheet date is £519,195 owed to the Partnership from entities under common control (2023 - £NIL).
Included within other creditors due within one year at the balance sheet date is £323,308 owed from the Partnership to entities under common control (2023 - 91,320).
During the year, the Partnership received £5,237,437 in fee income from an entity under common control (2023 - £4,506,460).
During the year, the Company paid £10,000 in service charges to an entity under common control (2023 - £NIL).
During the year, the Partnership was party to a recharge expense agreement with other entities under common control, under which expenses are apportioned at cost between the parties to fairly allocate the expenses incurred based on usage.
9. Ultimate Controlling Party
The partnership has no overall controlling party.
Page 4