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 OC346073 M Godfrey P Godfrey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC346073 2024-03-31 OC346073 2025-03-31 OC346073 2024-04-01 2025-03-31 OC346073 frs-core:CurrentFinancialInstruments 2025-03-31 OC346073 frs-core:Non-currentFinancialInstruments 2025-03-31 OC346073 frs-core:ComputerEquipment 2025-03-31 OC346073 frs-core:ComputerEquipment 2024-04-01 2025-03-31 OC346073 frs-core:ComputerEquipment 2024-03-31 OC346073 frs-core:FurnitureFittings 2025-03-31 OC346073 frs-core:FurnitureFittings 2024-04-01 2025-03-31 OC346073 frs-core:FurnitureFittings 2024-03-31 OC346073 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 OC346073 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 OC346073 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 OC346073 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC346073 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC346073 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC346073 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC346073 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC346073 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC346073 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC346073 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC346073 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC346073 2023-03-31 OC346073 2024-03-31 OC346073 2023-04-01 2024-03-31 OC346073 frs-core:CurrentFinancialInstruments 2024-03-31 OC346073 frs-core:Non-currentFinancialInstruments 2024-03-31
Registered number: OC346073
Sydney Wharf LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
Harris & Company (C.A.) Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC346073
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 87,826 69,973
Investment Properties 5 13,500,000 11,688,654
13,587,826 11,758,627
CURRENT ASSETS
Debtors 6 400,418 418,933
Cash at bank and in hand 443,344 147,010
843,762 565,943
Creditors: Amounts Falling Due Within One Year 7 (536,246 ) (286,025 )
NET CURRENT ASSETS (LIABILITIES) 307,516 279,918
TOTAL ASSETS LESS CURRENT LIABILITIES 13,895,342 12,038,545
Creditors: Amounts Falling Due After More Than One Year 8 (5,000,000 ) (5,000,000 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 8,895,342 7,038,545
REPRESENTED BY:
Loans and other debts due to members
Other amounts 138,813 93,361
138,813 93,361
Equity
Members' other interests
Revaluation reserve 8,756,529 6,945,184
8,756,529 6,945,184
8,895,342 7,038,545
...CONTINUED
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TOTAL MEMBERS' INTEREST
Amounts due from members (395,437) (238,798)
Loans and other debts due to members 138,813 93,361
Members' other interests 8,756,529 6,945,184
8,499,905 6,799,747
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
P Godfrey
Designated Member
4 August 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sydney Wharf LLP is a limited liability partnership, incorporated in England & Wales, registered number OC346073 . The Registered Office is Suite C, 4-6 Canfield Place, London, NW6 3BT.
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:
Leasehold 33.3% straightline
Fixtures & Fittings 33.3% straightline
Computer Equipment 33.3% straightline
2.4. 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: NIL (2024: NIL)
- -
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4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 April 2024 116,219 53,039 11,133 180,391
Additions 89,409 1,280 - 90,689
As at 31 March 2025 205,628 54,319 11,133 271,080
Depreciation
As at 1 April 2024 69,898 32,842 7,678 110,418
Provided during the period 54,490 16,142 2,204 72,836
As at 31 March 2025 124,388 48,984 9,882 183,254
Net Book Value
As at 31 March 2025 81,240 5,335 1,251 87,826
As at 1 April 2024 46,321 20,197 3,455 69,973
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 11,688,654
Fair value adjustments 1,811,346
As at 31 March 2025 13,500,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 285 19,319
Other debtors 400,133 399,614
400,418 418,933
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 495,592 256,960
Taxation and social security 40,654 29,065
536,246 286,025
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 5,000,000 5,000,000
The long-term loans are secured by fixed charges over all assets of the LLP.
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