Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 OC304268 Ms J Branson Mr R Wickham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC304268 2024-03-31 OC304268 2025-03-31 OC304268 2024-04-01 2025-03-31 OC304268 frs-core:CurrentFinancialInstruments 2025-03-31 OC304268 frs-core:ComputerEquipment 2025-03-31 OC304268 frs-core:ComputerEquipment 2024-04-01 2025-03-31 OC304268 frs-core:ComputerEquipment 2024-03-31 OC304268 frs-core:FurnitureFittings 2025-03-31 OC304268 frs-core:FurnitureFittings 2024-04-01 2025-03-31 OC304268 frs-core:FurnitureFittings 2024-03-31 OC304268 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC304268 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC304268 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC304268 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC304268 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC304268 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC304268 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC304268 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC304268 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC304268 2023-03-31 OC304268 2024-03-31 OC304268 2023-04-01 2024-03-31 OC304268 frs-core:CurrentFinancialInstruments 2024-03-31 OC304268 frs-core:OtherReservesSubtotal 2023-03-31
Registered number: OC304268
Howard Sharp & Partners Limited Liability Partnership
Unaudited Financial Statements
For The Year Ended 31 March 2025
ABCS Accountancy Limited
26 Bowling Green Lane
Cirencester
Gloucestershire
GL7 2DY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Reconciliation of Members' Interests 4—5
Notes to the Financial Statements 5—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Howard Sharp & Partners Limited Liability Partnership for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, I have prepared for your approval the accounts of Howard Sharp & Partners Limited Liability Partnership for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the members of Howard Sharp & Partners Limited Liability Partnership, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Howard Sharp & Partners Limited Liability Partnership and state those matters that we have agreed to state to the members of Howard Sharp & Partners Limited Liability Partnership, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Howard Sharp & Partners Limited Liability Partnership and its members, as a body, for our work or for this report.
It is your duty to ensure that Howard Sharp & Partners Limited Liability Partnership has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Howard Sharp & Partners Limited Liability Partnership. You consider that Howard Sharp & Partners Limited Liability Partnership is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Howard Sharp & Partners Limited Liability Partnership. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Ian Clark FFA FTA
1 December 2025
ABCS Accountancy Limited
26 Bowling Green Lane
Cirencester
Gloucestershire
GL7 2DY
Page 1
Page 2
Balance Sheet
Registered number: OC304268
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 554 739
554 739
CURRENT ASSETS
Debtors 5 38,823 19,390
Cash at bank and in hand 58,161 46,744
96,984 66,134
Creditors: Amounts Falling Due Within One Year 6 (11,573 ) (27,387 )
NET CURRENT ASSETS (LIABILITIES) 85,411 38,747
TOTAL ASSETS LESS CURRENT LIABILITIES 85,965 39,486
NET ASSETS ATTRIBUTABLE TO MEMBERS 85,965 39,486
REPRESENTED BY:
Loans and other debts due to members
Other amounts 85,965 39,486
85,965 39,486
85,965 39,486
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 85,965 39,486
85,965 39,486
Page 2
Page 3
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
Mr R Wickham
Designated Member
25 November 2025
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Page 4
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Other Reserves Other amounts Total members' interest
£ £ £
Amounts due to members - 64,039 -
Balance at 1 April 2023 - 64,039 64,039
Profit/(loss) for the financial year available for discretionary division among members 193,367 - 193,367
Members' interests after profit/(loss) for the year 193,367 64,039 257,406
Other divisions of profits (losses) (193,367) 193,367 -
Drawings - (217,920) (217,920)
Amounts due to members - 39,486 -
As at 31 March 2024 and 1 April 2024 - 39,486 39,486
Profit/(loss) for the financial year available for discretionary division among members 164,399 - 164,399
Members' interests after profit/(loss) for the year 164,399 39,486 203,885
Other divisions of profits (losses) (164,399) 164,399 -
Drawings - (117,920) (117,920)
Amounts due to members - 85,965 -
As at 31 March 2025 - 85,965 85,965
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Howard Sharp & Partners Limited Liability Partnership is a limited liability partnership, incorporated in England & Wales, registered number OC304268 . The Registered Office is 79 Great Peter Street, London, SW1P 2EZ.
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:
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 33% Straight Line
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 19,108 10,427 29,535
As at 31 March 2025 19,108 10,427 29,535
Depreciation
As at 1 April 2024 18,942 9,854 28,796
Provided during the period 33 152 185
As at 31 March 2025 18,975 10,006 28,981
Net Book Value
As at 31 March 2025 133 421 554
As at 1 April 2024 166 573 739
Page 5
Page 6
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 29,203 9,785
Other debtors 9,620 9,605
38,823 19,390
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,242 8,710
Other creditors 1,089 1,089
Taxation and social security 7,242 17,588
11,573 27,387
Page 6