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 OC348479 Mr Paul Hollebone iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC348479 2023-09-30 OC348479 2024-09-30 OC348479 2023-10-01 2024-09-30 OC348479 frs-core:CurrentFinancialInstruments 2024-09-30 OC348479 frs-core:InvestmentPropertyIncludedWithinPPE 2024-09-30 OC348479 frs-core:InvestmentPropertyIncludedWithinPPE 2023-09-30 OC348479 frs-bus:LimitedLiabilityPartnershipLLP 2023-10-01 2024-09-30 OC348479 frs-bus:LimitedLiabilityPartnershipsSORP 2023-10-01 2024-09-30 OC348479 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 OC348479 frs-bus:SmallEntities 2023-10-01 2024-09-30 OC348479 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 OC348479 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 OC348479 frs-countries:EnglandWales 2023-10-01 2024-09-30 OC348479 frs-bus:PartnerLLP1 2023-10-01 2024-09-30 OC348479 2022-09-30 OC348479 2023-09-30 OC348479 2022-10-01 2023-09-30 OC348479 frs-core:CurrentFinancialInstruments 2023-09-30 OC348479 frs-core:OtherReservesSubtotal 2022-09-30
Registered number: OC348479
Rayfords LLP
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: OC348479
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 679,571 679,571
679,571 679,571
CURRENT ASSETS
Debtors 5 6,679 3,555
Cash at bank and in hand 64,785 44,718
71,464 48,273
Creditors: Amounts Falling Due Within One Year 6 (4,372 ) (4,610 )
NET CURRENT ASSETS (LIABILITIES) 67,092 43,663
TOTAL ASSETS LESS CURRENT LIABILITIES 746,663 723,234
NET ASSETS ATTRIBUTABLE TO MEMBERS 746,663 723,234
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability - (1)
Other amounts 743,730 720,302
743,730 720,301
Equity
Members' other interests
Other reserves 2,933 2,933
2,933 2,933
746,663 723,234
TOTAL MEMBERS' INTEREST
Amounts due from members (2,933) -
Loans and other debts due to members within one year 743,730 720,301
Members' other interests 2,933 2,933
743,730 723,234
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
Mr Paul Hollebone
Designated Member
27/06/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Other Reserves Members'Capital classified as Debt Other amounts Total Debts Total members' interest
£ £ £ £ £
Amounts due to members - (2) 699,794 699,792 -
Balance at 1 October 2022 2 (2) 699,794 699,792 699,794
Profit/(loss) for the financial year available for discretionary division among members 23,437 - - - 23,437
Members' interests after profit/(loss) for the year 23,439 (2) 699,794 699,792 723,231
Other divisions of profits (losses) (20,508) - 20,508 20,508 -
Other Movements 2 1 - 1 3
Amounts due to members - (1) 720,302 720,301 -
As at 30 September 2023 and 1 October 2023 2,933 (1) 720,302 720,301 723,234
Profit/(loss) for the financial year available for discretionary division among members 20,495 - - - 20,495
Members' interests after profit/(loss) for the year 23,428 (1) 720,302 720,301 743,729
Other divisions of profits (losses) (20,495) - 20,495 20,495 -
Other Movements - 1 - 1 1
Amounts due to members - - 743,730 743,730 -
Amounts due from members - - (2,933) (2,933) -
As at 30 September 2024 2,933 - 740,797 740,797 743,730
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Rayfords LLP is a limited liability partnership, incorporated in England & Wales, registered number OC348479 . The Registered Office is EUROPA HOUSE, 46-50 SOUTHWICK SQUARE, SOUTHWICK, BRIGHTON, BN42 4FJ.
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:
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost
As at 1 October 2023 679,571
As at 30 September 2024 679,571
Net Book Value
As at 30 September 2024 679,571
As at 1 October 2023 679,571
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,536 2,955
Other debtors 2,210 600
Amounts due from members 2,933 -
6,679 3,555
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income (Current liabilities - creditors < 1 year) 4,372 4,610
Page 5