Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 OC385109 Mr A CADE Mrs H CADE Mr H Field iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC385109 2024-03-31 OC385109 2025-03-31 OC385109 2024-04-01 2025-03-31 OC385109 frs-core:Non-currentFinancialInstruments 2025-03-31 OC385109 frs-core:BetweenOneFiveYears 2025-03-31 OC385109 frs-core:ComputerEquipment 2024-04-01 2025-03-31 OC385109 frs-core:FurnitureFittings 2024-04-01 2025-03-31 OC385109 frs-core:MotorVehicles 2024-04-01 2025-03-31 OC385109 frs-core:PlantMachinery 2024-04-01 2025-03-31 OC385109 frs-core:WithinOneYear 2025-03-31 OC385109 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC385109 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC385109 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 OC385109 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC385109 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC385109 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC385109 frs-core:CostValuation 2024-03-31 OC385109 frs-core:AdditionsToInvestments 2025-03-31 OC385109 frs-core:RevaluationsIncreaseDecreaseInInvestments 2025-03-31 OC385109 frs-core:CostValuation 2025-03-31 OC385109 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 OC385109 frs-core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2025-03-31 OC385109 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 OC385109 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC385109 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC385109 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC385109 frs-bus:PartnerLLP3 2024-04-01 2025-03-31 OC385109 2023-03-31 OC385109 2024-03-31 OC385109 2023-04-01 2024-03-31 OC385109 frs-core:Non-currentFinancialInstruments 2024-03-31 OC385109 frs-core:BetweenOneFiveYears 2024-03-31 OC385109 frs-core:WithinOneYear 2024-03-31
Registered number: OC385109
HUDNALL CAPITAL LLP
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: OC385109
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 100,515 140,297
Investments 5 309,000 385,000
409,515 525,297
CURRENT ASSETS
Debtors 58,070 57,819
Cash at bank and in hand 38,505 8,436
96,575 66,255
Creditors: Amounts Falling Due Within One Year (241,764 ) (143,807 )
NET CURRENT ASSETS (LIABILITIES) (145,189 ) (77,552 )
TOTAL ASSETS LESS CURRENT LIABILITIES 264,326 447,745
Creditors: Amounts Falling Due After More Than One Year (94,270 ) (141,049 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 170,056 306,696
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 27,620 157,638
27,620 157,638
Equity
Members' other interests
Members' capital 142,436 149,058
142,436 149,058
170,056 306,696
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 27,620 157,638
Members' other interests 142,436 149,058
170,056 306,696
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.
All of the LLP's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the members
Mr A CADE
Designated Member
Mrs H CADE
Designated Member
Mr H Field
Designated Member
03/06/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
HUDNALL CAPITAL LLP is a limited liability partnership, incorporated in England & Wales, registered number OC385109 . The Registered Office is Adam House, 7-10 Adam Street, London, England, WC2N 6AA.
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:
Plant & Machinery 25% on reducing balance and 20% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 3 (2024: NIL)
3 -
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 April 2024 228,159
As at 31 March 2025 228,159
Depreciation
As at 1 April 2024 87,862
Provided during the period 39,782
As at 31 March 2025 127,644
Net Book Value
As at 31 March 2025 100,515
As at 1 April 2024 140,297
5. Investments
Total
£
Cost
As at 1 April 2024 413,000
Additions 38,000
Revaluations (57,986 )
As at 31 March 2025 393,014
Provision
As at 1 April 2024 28,000
Disposals 56,014
As at 31 March 2025 84,014
Net Book Value
As at 31 March 2025 309,000
As at 1 April 2024 385,000
Investment is shown at most recent valuation. Any aggregate surplus or deficit arising from the changes in market value is transferred to a revaluation reserve.
6. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 41,770 43,600
Later than one year and not later than five years 76,040 124,813
117,810 168,413
Less: Finance charges allocated to future periods 14,168 26,268
103,642 142,145
Page 4