Acorah Software Products - Accounts Production 16.4.675 false true false 28 July 2023 31 July 2024 31 July 2024 SO307824 Mr Derek Speirs Mrs Deborah Speirs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO307824 2023-07-27 SO307824 2024-07-31 SO307824 2023-07-28 2024-07-31 SO307824 frs-core:CurrentFinancialInstruments 2024-07-31 SO307824 frs-bus:LimitedLiabilityPartnershipLLP 2023-07-28 2024-07-31 SO307824 frs-bus:LimitedLiabilityPartnershipsSORP 2023-07-28 2024-07-31 SO307824 frs-bus:FilletedAccounts 2023-07-28 2024-07-31 SO307824 frs-bus:SmallEntities 2023-07-28 2024-07-31 SO307824 frs-bus:AuditExempt-NoAccountantsReport 2023-07-28 2024-07-31 SO307824 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-28 2024-07-31 SO307824 frs-countries:Scotland 2023-07-28 2024-07-31 SO307824 frs-bus:PartnerLLP1 2023-07-28 2024-07-31 SO307824 frs-bus:PartnerLLP2 2023-07-28 2024-07-31
Registered number: SO307824
Ready Rentals LLP
Unaudited Financial Statements
For The Year Ended 31 July 2024
Almond Valley Accounting Limited
CIMA
Suite 14 Ellismuir House Ellismuir Way
Uddingston
Glasgow
G71 5PW
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SO307824
2024
Notes £ £
FIXED ASSETS
Investment Properties 4 160,023
160,023
CURRENT ASSETS
Debtors 5 840
840
Creditors: Amounts Falling Due Within One Year 6 (92,563 )
NET CURRENT ASSETS (LIABILITIES) (91,723 )
TOTAL ASSETS LESS CURRENT LIABILITIES 68,300
NET ASSETS ATTRIBUTABLE TO MEMBERS 68,300
REPRESENTED BY:
Equity
Members' other interests
Members' capital 68,300
68,300
TOTAL MEMBERS' INTEREST
Amounts due from members (2,675)
Members' other interests 68,300
65,625
For the year ending 31 July 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 Derek Speirs
Designated Member
22/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ready Rentals LLP is a limited liability partnership, incorporated in Scotland, registered number SO307824 . The Registered Office is 33 Cortmalaw Avenue, Milton of Campsie, G66 8AT.
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: 2
2
4. Investment Property
2024
£
Fair Value
As at 28 July 2023 -
Additions 160,023
As at 31 July 2024 160,023
5. Debtors
2024
£
Due within one year
Other debtors 840
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024
£
Bank loans and overdrafts 91,123
Other creditors 1,440
92,563
Page 3