Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 May 2023 false 1 April 2024 31 March 2025 31 March 2025 OC355118 Taxalysis Limited A J Deeley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC355118 2024-03-31 OC355118 2025-03-31 OC355118 2024-04-01 2025-03-31 OC355118 frs-core:CurrentFinancialInstruments 2025-03-31 OC355118 frs-core:ComputerEquipment 2025-03-31 OC355118 frs-core:ComputerEquipment 2024-04-01 2025-03-31 OC355118 frs-core:ComputerEquipment 2024-03-31 OC355118 frs-core:FurnitureFittings 2025-03-31 OC355118 frs-core:FurnitureFittings 2024-04-01 2025-03-31 OC355118 frs-core:FurnitureFittings 2024-03-31 OC355118 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC355118 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC355118 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC355118 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC355118 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC355118 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC355118 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC355118 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC355118 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC355118 2023-04-30 OC355118 2024-03-31 OC355118 2023-05-01 2024-03-31 OC355118 frs-core:CurrentFinancialInstruments 2024-03-31 OC355118 frs-core:OtherReservesSubtotal 2023-04-30
Registered number: OC355118
Stonegate Trinity LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
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: OC355118
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,479 475
11,479 475
CURRENT ASSETS
Stocks 5 63,133 30,592
Debtors 6 286,560 390,430
Cash at bank and in hand 312,545 248,819
662,238 669,841
Creditors: Amounts Falling Due Within One Year 7 (107,630 ) (128,124 )
NET CURRENT ASSETS (LIABILITIES) 554,608 541,717
TOTAL ASSETS LESS CURRENT LIABILITIES 566,087 542,192
NET ASSETS ATTRIBUTABLE TO MEMBERS 566,087 542,192
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 566,087 542,192
566,087 542,192
566,087 542,192
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 566,087 542,192
566,087 542,192
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
A J Deeley
Designated Member
20/07/2025
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 Other amounts Total members' interest
£ £ £
Amounts due to members - 604,201 -
Balance at 1 May 2023 - 604,201 604,201
Members' remuneration charged as an expense, including employment and retirement benefit costs - 441,254 441,254
Profit/(loss) for the financial year available for discretionary division among members - - -
Members' interests after profit/(loss) for the year - 1,045,455 1,045,455
Drawings - (503,263) (503,263)
Amounts due to members - 542,192 -
As at 31 March 2024 and 1 April 2024 - 542,192 542,192
Members' remuneration charged as an expense, including employment and retirement benefit costs - 386,395 386,395
Profit/(loss) for the financial year available for discretionary division among members - - -
Members' interests after profit/(loss) for the year - 928,587 928,587
Drawings - (362,500) (362,500)
Amounts due to members - 566,087 -
As at 31 March 2025 - 566,087 566,087
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Stonegate Trinity LLP is a limited liability partnership, incorporated in England & Wales, registered number OC355118 . The Registered Office is 137 Newhall Street, Birmingham, B3 1SF.
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:
Fixtures & Fittings 25%
Computer Equipment 33%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 29,866 19,534 49,400
Additions - 17,219 17,219
Disposals - (18,107 ) (18,107 )
As at 31 March 2025 29,866 18,646 48,512
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2024 29,866 19,059 48,925
Provided during the period - 6,215 6,215
Disposals - (18,107 ) (18,107 )
As at 31 March 2025 29,866 7,167 37,033
Net Book Value
As at 31 March 2025 - 11,479 11,479
As at 1 April 2024 - 475 475
5. Stocks
31 March 2025 31 March 2024
£ £
Work in progress 63,133 30,592
6. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Trade debtors 262,085 348,520
Prepayments and accrued income 24,475 41,910
286,560 390,430
7. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Trade creditors 40,684 59,575
VAT 65,346 68,549
Other creditors 1,600 -
107,630 128,124
Page 5