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 OC348137 M Godfrey P Godfrey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC348137 2024-03-31 OC348137 2025-03-31 OC348137 2024-04-01 2025-03-31 OC348137 frs-core:CurrentFinancialInstruments 2025-03-31 OC348137 frs-core:Non-currentFinancialInstruments 2025-03-31 OC348137 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC348137 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC348137 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC348137 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC348137 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC348137 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC348137 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC348137 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC348137 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC348137 2023-03-31 OC348137 2024-03-31 OC348137 2023-04-01 2024-03-31 OC348137 frs-core:CurrentFinancialInstruments 2024-03-31 OC348137 frs-core:Non-currentFinancialInstruments 2024-03-31
Registered number: OC348137
Melbourne Wharf LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
Harris & Company (C.A.) Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC348137
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,290,000 2,290,000
2,290,000 2,290,000
CURRENT ASSETS
Debtors 5 - 1,911
Cash at bank and in hand 69,360 38,643
69,360 40,554
Creditors: Amounts Falling Due Within One Year 6 (86,232 ) (948,261 )
NET CURRENT ASSETS (LIABILITIES) (16,872 ) (907,707 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,273,128 1,382,293
Creditors: Amounts Falling Due After More Than One Year 7 (890,000 ) -
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,383,128 1,382,293
REPRESENTED BY:
Loans and other debts due to members
Other amounts 1,376,242 1,375,407
1,376,242 1,375,407
Equity
Members' other interests
Revaluation reserve 6,886 6,886
6,886 6,886
1,383,128 1,382,293
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 1,376,242 1,375,407
Members' other interests 6,886 6,886
1,383,128 1,382,293
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
P Godfrey
Designated Member
23 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
Melbourne Wharf LLP is a limited liability partnership, incorporated in England & Wales, registered number OC348137 . The Registered Office is Suite C, 4-6 Canfield Place, London, NW6 3BT.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
4. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 2,290,000
Investment property comprises of The Mall, Clifton, Bristol. In view of the members, the fair value of the investment property was £2,290,000 (2023: £2,290,000). The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 710
Other debtors - 1,201
- 1,911
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 397
Bank loans and overdrafts - 871,000
Other creditors 81,252 71,855
Taxation and social security 4,980 5,009
86,232 948,261
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 890,000 -
Page 4