Acorah Software Products - Accounts Production 16.5.460 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 OC429267 SPUKL - SSAS Southern Property (UK) Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC429267 2024-03-31 OC429267 2025-03-31 OC429267 2024-04-01 2025-03-31 OC429267 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC429267 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC429267 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC429267 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC429267 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC429267 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC429267 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC429267 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC429267 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC429267 2023-03-31 OC429267 2024-03-31 OC429267 2023-04-01 2024-03-31 OC429267 frs-core:OtherReservesSubtotal 2023-03-31
Registered number: OC429267
Eertnia43 LLP
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
In For A Penny Accountancy Services
Eertnia43 LLP
Contents
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—6
Page 1
Eertnia43 LLP
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: OC429267
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investments 29,651 12,040
29,651 12,040
CURRENT ASSETS
Cash at bank and in hand 114 101
114 101
Creditors: Amounts Falling Due Within One Year 4 (135 ) (135 )
NET CURRENT ASSETS (LIABILITIES) (21 ) (34 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,630 12,006
NET ASSETS ATTRIBUTABLE TO MEMBERS 29,630 12,006
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 22,300 10,200
22,300 10,200
Equity
Members' other interests
Members' capital (106) (106)
Other reserves 7,436 1,912
7,330 1,806
29,630 12,006
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 22,300 10,200
Members' other interests 7,330 1,806
29,630 12,006
Page 1
Page 2
Eertnia43 LLP
Balance Sheet (continued)
As At 31 March 2025
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
SPUKL - SSAS
Designated Member
Southern Property (UK) Limited
Designated Member
02/09/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Eertnia43 LLP
Reconciliation of Members' Interests
For The Year Ended 31 March 2025
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Members'Capital classified as Equity Other Reserves Total Equity Members'Capital classified as Debt Total members' interest
£ £ £ £ £
Amounts due to members - - - 10,200 -
Balance at 1 April 2023 (106) 573 467 10,200 10,667
Profit/(loss) for the financial year available for discretionary division among members - 1,339 1,339 - 1,339
Members' interests after profit/(loss) for the year (106) 1,912 1,806 10,200 12,006
Amounts due to members - - - 10,200 -
As at 31 March 2024 and 1 April 2024 (106) 1,912 1,806 10,200 12,006
Profit/(loss) for the financial year available for discretionary division among members - 5,524 5,524 - 5,524
Members' interests after profit/(loss) for the year (106) 7,436 7,330 10,200 17,530
Introduced by members - - - 12,100 12,100
Amounts due to members - - - 22,300 -
As at 31 March 2025 (106) 7,436 7,330 22,300 29,630
Page 3
Page 4
Eertnia43 LLP
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Eertnia43 LLP is a limited liability partnership, incorporated in England & Wales, registered number OC429267 . The Registered Office is Office 5 Mauds Court, Long Lane, Tendring, Clacton on Sea, CO16 0BG.
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
The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.
2.3. Financial Instruments
The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’
and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the limited liability partnership's statement of financial position when
the limited liability partnership becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of
impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that
occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the present
value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss
is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been, had the impairment not previously been recognised. The
impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or
are settled, or when the limited liability partnership transfers the financial asset and substantially all the risks
and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained
but control of the asset has transferred to another party that is able to sell the asset in its entirety to an
unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the limited liability partnership after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference
shares that are classified as debt, are initially recognised at transaction price unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present value of the future
payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are
not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
...CONTINUED
Page 4
Page 5
Eertnia43 LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.3. Financial Instruments - continued
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year
or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial
instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into
and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised
in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the
hedge is a cash flow hedge.
Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at
fair value through profit or loss. Debt instruments may be designated as fair value through profit or loss to
eliminate or reduce an accounting mismatch or if the instruments are measured and their performance
evaluated on a fair value basis in accordance with a documented risk management or investment strategy.
Derecognition of financial liabilities
Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are
discharged or cancelled.
2.4. Members' participating interests
Members' participation rights are the rights of a member against the LLP that arise under the members'
agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from
the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A
member's participation rights including amounts subscribed or otherwise contributed by members, for example
members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to
members, in which case they are classified as equity.
All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due
to members' and, where such an amount relates to current year profits, they are recognised within ‘Members'
remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are
classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are
presented as debtors and shown as amounts due from members within members’ interests.
Where there exists an asset and liability component in respect of an individual member’s participation rights,
they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the
recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts
simultaneously, in which case they are presented net.
Once an unavoidable obligation has been created in favour of members through allocation of profits or other
means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to
members’ to the extent they exceed debts due from a specific member.
2.5. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with
banks, other short-term liquid investments with original maturities of three months or less, and bank
overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.6. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs
are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are
received.
Termination benefits are recognised immediately as an expense when the limited liability partnership is
demonstrably committed to terminate the employment of an employee or to provide termination benefits.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)
- -
Page 5
Page 6
Eertnia43 LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 135 135
Page 6