Acorah Software Products - Accounts Production 16.5.460 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 OC369892 Mr M D Edworthy Mr M E Healey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC369892 2023-11-30 OC369892 2024-11-30 OC369892 2023-12-01 2024-11-30 OC369892 frs-core:Non-currentFinancialInstruments 2024-11-30 OC369892 frs-bus:LimitedLiabilityPartnershipLLP 2023-12-01 2024-11-30 OC369892 frs-bus:LimitedLiabilityPartnershipsSORP 2023-12-01 2024-11-30 OC369892 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 OC369892 frs-bus:SmallEntities 2023-12-01 2024-11-30 OC369892 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 OC369892 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 OC369892 frs-core:UnlistedNon-exchangeTraded 2024-11-30 OC369892 frs-core:UnlistedNon-exchangeTraded 2023-11-30 OC369892 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 OC369892 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-11-30 OC369892 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-11-30 OC369892 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 OC369892 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-11-30 OC369892 frs-countries:EnglandWales 2023-12-01 2024-11-30 OC369892 frs-bus:PartnerLLP1 2023-12-01 2024-11-30 OC369892 frs-bus:PartnerLLP2 2023-12-01 2024-11-30 OC369892 2022-11-30 OC369892 2023-11-30 OC369892 2022-12-01 2023-11-30 OC369892 frs-core:Non-currentFinancialInstruments 2023-11-30
Registered number: OC369892
Mdm Partners LLP
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC369892
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 36,659 44,659
36,659 44,659
CURRENT ASSETS
Debtors 5 225,968 225,968
Cash at bank and in hand 1 1
225,969 225,969
Creditors: Amounts Falling Due Within One Year 6 (1,054 ) (2,499 )
NET CURRENT ASSETS (LIABILITIES) 224,915 223,470
TOTAL ASSETS LESS CURRENT LIABILITIES 261,574 268,129
Creditors: Amounts Falling Due After More Than One Year 7 (270,595 ) (268,096 )
NET (LIABILITIES)/ASSETS ATTRIBUTABLE TO MEMBERS (9,021 ) 33
REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability 33 33
Other amounts 1,469,793 1,478,847
1,469,826 1,478,880
Equity
Members' other interests
Other reserves (1,478,847) (1,478,847)
(1,478,847) (1,478,847)
(9,021) 33
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 1,469,826 1,478,880
Members' other interests (1,478,847) (1,478,847)
(9,021) 33
Page 1
Page 2
For the year ending 30 November 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 M D Edworthy
Designated Member
28 August 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
Mdm Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC369892 . The Registered Office is Winslade House, Winslade Drive, Clyst St Mary, EX5 1FY.
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
As at the year end, the LLP's balance sheet shows net liabilities and an overall deficiency of assets amounting to £9,021 (2023: surplus £33). Accordingly, the partners have had to consider the basis upon which the accounts should be prepared and determine whether a going concern basis remains appropriate. The accounts have been prepared on a going concern basis, as the partners continue to provide financial support, when necessary to the LLP. The partners have also reviewed the position for twelve months from the date the accounts were approved, and in their opinion, the LLP will reduce the balance sheet deficiency and will show positive results for the next financial period.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
4. Investments
Unlisted
£
Cost or Valuation
As at 1 December 2023 44,659
Revaluations (8,000 )
As at 30 November 2024 36,659
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 36,659
As at 1 December 2023 44,659
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 225,968 225,968
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,054 2,499
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 270,595 268,096
Page 4