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 OC440804 Mr Marc Dempsey Mrs Rachel Dempsey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC440804 2024-03-31 OC440804 2025-03-31 OC440804 2024-04-01 2025-03-31 OC440804 frs-core:CurrentFinancialInstruments 2025-03-31 OC440804 frs-core:PlantMachinery 2025-03-31 OC440804 frs-core:PlantMachinery 2024-04-01 2025-03-31 OC440804 frs-core:PlantMachinery 2024-03-31 OC440804 frs-core:WithinOneYear 2025-03-31 OC440804 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC440804 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC440804 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC440804 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC440804 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC440804 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC440804 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC440804 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC440804 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC440804 2023-03-31 OC440804 2024-03-31 OC440804 2023-04-01 2024-03-31 OC440804 frs-core:CurrentFinancialInstruments 2024-03-31 OC440804 frs-core:WithinOneYear 2024-03-31
Registered number: OC440804
Dempsey Developments LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
Whitefield Tax Limited
Chartered Certified Accountants and Registered Auditor
Arnold House
2 New Road
Brading
Isle Of Wight
PO36 0DT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC440804
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 186,669 65,205
186,669 65,205
CURRENT ASSETS
Debtors 5 919,212 889,163
Cash at bank and in hand 12,104 13,222
931,316 902,385
Creditors: Amounts Falling Due Within One Year 6 (164,034 ) (197,329 )
NET CURRENT ASSETS (LIABILITIES) 767,282 705,056
TOTAL ASSETS LESS CURRENT LIABILITIES 953,951 770,261
NET ASSETS ATTRIBUTABLE TO MEMBERS 953,951 770,261
REPRESENTED BY:
Equity
Members' other interests
Members' capital (170,337) (157,161)
Other reserves 1,124,288 927,422
953,951 770,261
TOTAL MEMBERS' INTEREST
Members' other interests 953,951 770,261
953,951 770,261
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 Marc Dempsey
Designated Member
18 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
Dempsey Developments LLP is a limited liability partnership, incorporated in England & Wales, registered number OC440804 . The Registered Office is Arnold House, 2 New Road, Brading, Isle of Wight, PO36 0DT.
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:
Plant & Machinery 25% 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
There were no employees during the year.  NIL (2024: NIL)
- -
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 115,421
Additions 201,308
Disposals (31,325 )
As at 31 March 2025 285,404
Depreciation
As at 1 April 2024 50,216
Provided during the period 62,224
Disposals (13,705 )
As at 31 March 2025 98,735
Net Book Value
As at 31 March 2025 186,669
As at 1 April 2024 65,205
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 612,854 115,026
Other debtors 296,844 767,676
VAT 9,514 6,461
919,212 889,163
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 103,294 -
Trade creditors 55,400 172,789
Other taxes and social security 5,340 10,468
Other creditors - 14,072
164,034 197,329
7. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 103,294 -
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