Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 OC378203 D Dunne D Dunne J Dunne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC378203 2023-09-30 OC378203 2024-09-30 OC378203 2023-10-01 2024-09-30 OC378203 frs-core:CurrentFinancialInstruments 2024-09-30 OC378203 frs-core:Non-currentFinancialInstruments 2024-09-30 OC378203 frs-core:InvestmentPropertyIncludedWithinPPE 2024-09-30 OC378203 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-01 2024-09-30 OC378203 frs-core:InvestmentPropertyIncludedWithinPPE 2023-09-30 OC378203 frs-core:PlantMachinery 2023-10-01 2024-09-30 OC378203 frs-bus:LimitedLiabilityPartnershipLLP 2023-10-01 2024-09-30 OC378203 frs-bus:LimitedLiabilityPartnershipsSORP 2023-10-01 2024-09-30 OC378203 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 OC378203 frs-bus:SmallEntities 2023-10-01 2024-09-30 OC378203 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 OC378203 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 OC378203 frs-countries:EnglandWales 2023-10-01 2024-09-30 OC378203 frs-bus:PartnerLLP1 2023-10-01 2024-09-30 OC378203 frs-bus:PartnerLLP2 2023-10-01 2024-09-30 OC378203 frs-bus:PartnerLLP3 2023-10-01 2024-09-30 OC378203 2022-09-30 OC378203 2023-09-30 OC378203 2022-10-01 2023-09-30 OC378203 frs-core:CurrentFinancialInstruments 2023-09-30 OC378203 frs-core:Non-currentFinancialInstruments 2023-09-30
Registered number: OC378203
PROVIDENT PROPERTIES LLP
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC378203
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,733,370 1,628,645
1,733,370 1,628,645
CURRENT ASSETS
Debtors 4 20,521 20,411
Cash at bank and in hand 18,159 15,238
38,680 35,649
Creditors: Amounts Falling Due Within One Year 5 (2,355 ) (2,260 )
NET CURRENT ASSETS (LIABILITIES) 36,325 33,389
TOTAL ASSETS LESS CURRENT LIABILITIES 1,769,695 1,662,034
Creditors: Amounts Falling Due After More Than One Year 6 (775,590 ) (784,590 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 994,105 877,444
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 697,198 523,266
697,198 523,266
Equity
Members' other interests
Members' capital 296,907 354,178
296,907 354,178
994,105 877,444
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 697,198 523,266
Members' other interests 296,907 354,178
994,105 877,444
Page 1
Page 2
For the year ending 30 September 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
D Dunne
Designated Member
10/06/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.3. 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
1.4. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
3. Tangible Assets
Investment Properties
£
Cost
As at 1 October 2023 1,628,645
Additions 104,725
As at 30 September 2024 1,733,370
Net Book Value
As at 30 September 2024 1,733,370
As at 1 October 2023 1,628,645
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,521 20,411
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 2,355 2,260
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 775,590 784,590
Page 4