Acorah Software Products - Accounts Production 16.4.675 false true false 12 March 2024 31 March 2025 31 March 2025 OC451371 Mr S J Hill Mr D N Martinez Mr M J McDonagh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC451371 2024-03-11 OC451371 2025-03-31 OC451371 2024-03-12 2025-03-31 OC451371 frs-bus:LimitedLiabilityPartnershipLLP 2024-03-12 2025-03-31 OC451371 frs-bus:LimitedLiabilityPartnershipsSORP 2024-03-12 2025-03-31 OC451371 frs-bus:AbridgedAccounts 2024-03-12 2025-03-31 OC451371 frs-bus:SmallEntities 2024-03-12 2025-03-31 OC451371 frs-bus:AuditExempt-NoAccountantsReport 2024-03-12 2025-03-31 OC451371 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-12 2025-03-31 OC451371 frs-core:AdditionsToInvestments 2025-03-31 OC451371 frs-core:CostValuation 2025-03-31 OC451371 frs-countries:EnglandWales 2024-03-12 2025-03-31 OC451371 frs-bus:PartnerLLP1 2024-03-12 2025-03-31 OC451371 frs-bus:PartnerLLP2 2024-03-12 2025-03-31 OC451371 frs-bus:PartnerLLP3 2024-03-12 2025-03-31
Registered number: OC451371
Liberty Co-Invest III LLP
Unaudited ABRIDGED Financial Statements
For the Period 12 March 2024 to 31 March 2025
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: OC451371
31 March 2025
Notes £ £
FIXED ASSETS
Investments 4 825,900
825,900
CURRENT ASSETS
Debtors 5,231
Cash at bank and in hand 20,076
25,307
Creditors: Amounts Falling Due Within One Year (1,128 )
NET CURRENT ASSETS (LIABILITIES) 24,179
TOTAL ASSETS LESS CURRENT LIABILITIES 850,079
NET ASSETS ATTRIBUTABLE TO MEMBERS 850,079
REPRESENTED BY:
Equity
Members' other interests
Members' capital 850,079
850,079
TOTAL MEMBERS' INTEREST
Amounts due from members (5,231)
Members' other interests 850,079
844,848
Page 1
Page 2
For the period 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 D N Martinez
Designated Member
11th July 2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Liberty Co-Invest III LLP is a limited liability partnership, incorporated in England & Wales, registered number OC451371 . The Registered Office is 2nd Floor 7 Savoy Court, London, England, WC2R 0EZ.
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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: NIL
-
4. Investments
Total
£
Cost
As at 12 March 2024 -
Additions 825,900
As at 31 March 2025 825,900
Provision
As at 12 March 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 825,900
As at 12 March 2024 -
Page 3