Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 OC397908 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC397908 2023-08-31 OC397908 2024-08-31 OC397908 2023-09-01 2024-08-31 OC397908 frs-core:CurrentFinancialInstruments 2024-08-31 OC397908 frs-core:Non-currentFinancialInstruments 2024-08-31 OC397908 frs-core:FurnitureFittings 2024-08-31 OC397908 frs-core:FurnitureFittings 2023-09-01 2024-08-31 OC397908 frs-core:FurnitureFittings 2023-08-31 OC397908 frs-core:MotorVehicles 2024-08-31 OC397908 frs-core:MotorVehicles 2023-09-01 2024-08-31 OC397908 frs-core:MotorVehicles 2023-08-31 OC397908 frs-core:PlantMachinery 2024-08-31 OC397908 frs-core:PlantMachinery 2023-09-01 2024-08-31 OC397908 frs-core:PlantMachinery 2023-08-31 OC397908 frs-bus:LimitedLiabilityPartnershipLLP 2023-09-01 2024-08-31 OC397908 frs-bus:LimitedLiabilityPartnershipsSORP 2023-09-01 2024-08-31 OC397908 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 OC397908 frs-bus:SmallEntities 2023-09-01 2024-08-31 OC397908 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 OC397908 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 OC397908 frs-countries:EnglandWales 2023-09-01 2024-08-31 OC397908 frs-bus:PartnerLLP1 2023-09-01 2024-08-31 OC397908 2022-08-31 OC397908 2023-08-31 OC397908 2022-09-01 2023-08-31 OC397908 frs-core:CurrentFinancialInstruments 2023-08-31 OC397908 frs-core:Non-currentFinancialInstruments 2023-08-31
Registered number: OC397908
Godolphin Arms LLP
Financial Statements
For The Year Ended 31 August 2024
DL Group (DL Accounts Ltd & MTD Experts Ltd)
CIMA DIP MA
Dl Accounts Ltd
Burton House, Trinity Street
St Austell
PL25 5LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC397908
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,859 48,574
38,859 48,574
CURRENT ASSETS
Debtors 5 51,176 75,882
Cash at bank and in hand 89,400 113,045
140,576 188,927
Creditors: Amounts Falling Due Within One Year 6 (74,812 ) (58,149 )
NET CURRENT ASSETS (LIABILITIES) 65,764 130,778
TOTAL ASSETS LESS CURRENT LIABILITIES 104,623 179,352
Creditors: Amounts Falling Due After More Than One Year 7 (47,255 ) (37,270 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 57,368 142,082
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 158,547 138,208
158,547 138,208
Equity
Members' other interests
Members' capital (101,179) 3,874
(101,179) 3,874
57,368 142,082
TOTAL MEMBERS' INTEREST
Amounts due from members (51,096) -
Loans and other debts due to members within one year 158,547 138,208
Members' other interests (101,179) 3,874
6,272 142,082
Page 1
Page 2
For the year ending 31 August 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
Mrs Margaret Ashwood
Partner
31/08/2025
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
Godolphin Arms LLP is a limited liability partnership, incorporated in England & Wales, registered number OC397908 . The Registered Office is Mauritius, Little Treviscoe, St Austell, Cornwall, PL26 7QN.
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 20
Motor Vehicles 20
Fixtures & Fittings 20
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 20 (2023: 20)
20 20
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 32,789 32,541 386 65,716
As at 31 August 2024 32,789 32,541 386 65,716
Depreciation
As at 1 September 2023 5,199 11,715 228 17,142
Provided during the period 5,518 4,165 32 9,715
As at 31 August 2024 10,717 15,880 260 26,857
Net Book Value
As at 31 August 2024 22,072 16,661 126 38,859
As at 1 September 2023 27,590 20,826 158 48,574
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 80 49,146
VAT - 26,736
Amounts due from members 51,096 -
51,176 75,882
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,583 16,182
Bank loans and overdrafts 2,919 21,344
Other loans (167 ) 20,623
VAT 29,477 -
74,812 58,149
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 47,255 37,270
Page 4