Acorah Software Products - Accounts Production 16.4.675 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 OC390902 Mr W Richmond Mrs K Richmond iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC390902 2024-03-31 OC390902 2025-03-31 OC390902 2024-04-01 2025-03-31 OC390902 frs-core:CurrentFinancialInstruments 2025-03-31 OC390902 frs-core:ComputerEquipment 2025-03-31 OC390902 frs-core:ComputerEquipment 2024-04-01 2025-03-31 OC390902 frs-core:ComputerEquipment 2024-03-31 OC390902 frs-core:FurnitureFittings 2025-03-31 OC390902 frs-core:FurnitureFittings 2024-04-01 2025-03-31 OC390902 frs-core:FurnitureFittings 2024-03-31 OC390902 frs-core:PlantMachinery 2024-04-01 2025-03-31 OC390902 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC390902 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC390902 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC390902 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC390902 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC390902 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC390902 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC390902 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC390902 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC390902 2023-03-31 OC390902 2024-03-31 OC390902 2023-04-01 2024-03-31 OC390902 frs-core:CurrentFinancialInstruments 2024-03-31
Registered number: OC390902
Richmonds Folkestone LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC390902
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,457 6,127
4,457 6,127
CURRENT ASSETS
Stocks 5 2,000 2,000
Cash at bank and in hand 15,857 16,010
17,857 18,010
Creditors: Amounts Falling Due Within One Year 7 (5,119 ) (3,984 )
NET CURRENT ASSETS (LIABILITIES) 12,738 14,026
TOTAL ASSETS LESS CURRENT LIABILITIES 17,195 20,153
NET ASSETS ATTRIBUTABLE TO MEMBERS 17,195 20,153
REPRESENTED BY:
Loans and other debts due to members
Other amounts 17,195 20,153
17,195 20,153
17,195 20,153
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 17,195 20,153
17,195 20,153
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
Mr W Richmond
Designated Member
Mrs K Richmond
Designated Member
22/07/2025
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
Richmonds Folkestone LLP is a limited liability partnership, incorporated in England & Wales, registered number OC390902 . The Registered Office is 97 Dover Road, Folkestone, Kent, CT20 1LA.
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. Going Concern Disclosure
The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.
2.3. 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 paid for goods.
Rendering of services
Turnover from the rendering of post office services is recognised on receipt from the customers.
2.4. 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 0.00
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33.33% Straight line
2.5. Stocks and Work in Progress
Stocks 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. 
2.6. Creditors
Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 3 (2024: 7)
3 7
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 10,709 832 11,541
As at 31 March 2025 10,709 832 11,541
Depreciation
As at 1 April 2024 5,137 277 5,414
Provided during the period 1,393 277 1,670
As at 31 March 2025 6,530 554 7,084
Net Book Value
As at 31 March 2025 4,179 278 4,457
As at 1 April 2024 5,572 555 6,127
5. Stocks
2025 2024
£ £
Goods for resale 2,000 2,000
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,198 827
Other creditors 1,963 2,218
Taxation and social security 958 939
5,119 3,984
Page 4