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 OC353720 Chatsworth Land Limited Axiom Land Limited Ronnoco Group Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC353720 2024-03-31 OC353720 2025-03-31 OC353720 2024-04-01 2025-03-31 OC353720 frs-core:CurrentFinancialInstruments 2025-03-31 OC353720 frs-core:ComputerEquipment 2025-03-31 OC353720 frs-core:ComputerEquipment 2024-04-01 2025-03-31 OC353720 frs-core:ComputerEquipment 2024-03-31 OC353720 frs-core:FurnitureFittings 2025-03-31 OC353720 frs-core:FurnitureFittings 2024-04-01 2025-03-31 OC353720 frs-core:FurnitureFittings 2024-03-31 OC353720 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC353720 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC353720 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC353720 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC353720 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC353720 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC353720 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC353720 frs-core:UnlistedNon-exchangeTraded 2025-03-31 OC353720 frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC353720 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC353720 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 OC353720 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC353720 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 OC353720 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC353720 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC353720 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC353720 frs-bus:PartnerLLP3 2024-04-01 2025-03-31 OC353720 2023-03-31 OC353720 2024-03-31 OC353720 2023-04-01 2024-03-31 OC353720 frs-core:CurrentFinancialInstruments 2024-03-31 OC353720 frs-core:OtherReservesSubtotal 2023-03-31
Registered number: OC353720
Portdevon Holdings LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
Elco Accounting Limited
Portdevon Holdings LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
Unaudited Financial Statements

Contents
| Page
--- | ---
Accountants' Report | 1
Balance Sheet | 2—3
Reconciliation of Members' Interests | 4—6
Notes to the Financial Statements | 6—8

Page 1
Portdevon Holdings LLP
Accountants' Report
For The Year Ended 31 March 2025
Accountants' Report
Report to the partners on the preparation of the unaudited statutory accounts of Portdevon Holdings LLP for the year ended 31 March 2025
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, we have prepared for your approval the accounts of Portdevon Holdings LLP which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the partnership’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the partners of Portdevon Holdings LLP, 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 Portdevon Holdings LLP and state those matters that we have agreed to state to the partners of Portdevon Holdings LLP, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Portdevon Holdings LLP and its partners as a body for our work or for this report.
It is your duty to ensure that Portdevon Holdings LLP 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 Portdevon Holdings LLP. You consider that Portdevon Holdings LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Portdevon Holdings LLP. 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.

Signed
04/12/2025

Elco Accounting Limited
C/O Elco Accounting, 24 Church Street
Rickmansworth
Hertfordshire
WD3 1DD
Page 1
Page 2
Portdevon Holdings LLP
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: OC353720

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investments | 5 |  | 100 |  | 100
|  |  | 100 |  | 100
CURRENT ASSETS
Debtors | 6 | 1,236,070 |  | 1,218,525 |
Cash at bank and in hand |  | 2,295 |  | 26,123 |
|  | 1,238,365 |  | 1,244,648 |
Creditors: Amounts Falling Due Within One Year | 7 | (4,149 ) |  | (61,488 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,234,216 |  | 1,183,160
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,234,316 |  | 1,183,260
NET ASSETS ATTRIBUTABLE TO MEMBERS |  |  | 1,234,316 |  | 1,183,260
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability |  | (245,241) |  | (245,241) |
|  |  | (245,241) |  | (245,241)
Equity
Members' other interests
Members' capital |  | 1,479,557 |  | 1,428,501 |
|  |  | 1,479,557 |  | 1,428,501
|  |  | 1,234,316 |  | 1,183,260
TOTAL MEMBERS' INTEREST
Amounts due from members |  |  | (331,682) |  | (324,370)
Loans and other debts due to members within one year |  |  | (245,241) |  | (245,241)
Members' other interests |  |  | 1,479,557 |  | 1,428,501
|  |  | 902,634 |  | 858,890

Page 2
Page 3
Portdevon Holdings 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

Chatsworth Land Limited Designated Member
04/12/2025

The notes on pages 6 to 8 form part of these financial statements.
Page 3
Page 4
Portdevon Holdings 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
| £ | £ | £ | £
Amounts due from members | - | - | - | -
Balance at 1 April 2023 | 1,878,501 | - | 1,878,501 | -
Members' remuneration charged as an expense, including employment and retirement benefit costs | - | - | - | -
Profit/(loss) for the financial year available for discretionary division among members | - | (5,760 ) | (5,760 ) | -
Members' interests after profit/(loss) for the year | 1,878,501 | (5,760) | 1,872,741 | -
Other divisions of profits (losses) | - | 5,760 | 5,760 | -
Drawings | (450,000) | - | (450,000) | -
Other Movements | - | - | - | (245,241)
Amounts due to members | - | - | - | (245,241)
Amounts due from members | - | - | - | -
As at 31 March 2024 and 1 April 2024 | 1,428,501 | - | 1,428,501 | (245,241)
Members' remuneration charged as an expense, including employment and retirement benefit costs | - | - | - | -
Profit/(loss) for the financial year available for discretionary division among members | - | (3,492 ) | (3,492 ) | -
Members' interests after profit/(loss) for the year | 1,428,501 | (3,492) | 1,425,009 | (245,241)
Other divisions of profits (losses) | - | 3,492 | 3,492 | -
Introduced by members | 52,076 | - | 52,076 | -
Drawings | (1,020) | - | (1,020) | -
Amounts due to members | - | - | - | (245,241)
Amounts due from members | - | - | - | -
As at 31 March 2025 | 1,479,557 | - | 1,479,557 | (245,241)

Page 4
Page 5
Portdevon Holdings LLP
Reconciliation of Members' Interests (continued)
For The Year Ended 31 March 2025

| DEBT
--- | ---
| Loans and other debts due to members less any amounts due from members in debtors
| Other amounts | Total Debts | Total members' interest
| £ | £ | £
Amounts due from members | (297,584) | (297,584) | -
Balance at 1 April 2023 | (297,584) | (297,584) | 1,580,917
Members' remuneration charged as an expense, including employment and retirement benefit costs | (9,471) | (9,471) | (9,471)
Profit/(loss) for the financial year available for discretionary division among members | - | - | (5,760 )
Members' interests after profit/(loss) for the year | (307,055) | (307,055) | 1,565,686
Other divisions of profits (losses) | (5,760) | (5,760) | -
Drawings | (11,555) | (11,555) | (461,555)
Other Movements | - | (245,241) | (245,241)
Amounts due to members | - | (245,241) | -
Amounts due from members | (324,370) | (324,370) | -
As at 31 March 2024 and 1 April 2024 | (324,370) | (569,611) | 858,890
Members' remuneration charged as an expense, including employment and retirement benefit costs | (3,820) | (3,820) | (3,820)
Profit/(loss) for the financial year available for discretionary division among members | - | - | (3,492 )
Members' interests after profit/(loss) for the year | (328,190) | (573,431) | 851,578
Other divisions of profits (losses) | (3,492) | (3,492) | -
Introduced by members | - | - | 52,076
Drawings | - | - | (1,020)
Amounts due to members | - | (245,241) | -
Amounts due from members | (331,682) | (331,682) | -
As at 31 March 2025 | (331,682) | (576,923) | 902,634

Page 5
Page 6
Portdevon Holdings LLP
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Portdevon Holdings LLP is a limited liability partnership, incorporated in England & Wales, registered number OC353720 . The Registered Office is Rossmore House, 1a Hale Grove Gardens, London, NW7 3LR.
The presentation currency of the financial statements is the Pound Sterling (£).
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:

Freehold | No depreciation is charged
Fixtures & Fittings | 25% on cost
Computer Equipment | 25% on cost

2.4. Financial Instruments
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with 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 realised 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 costs 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
...CONTINUED
Page 6
Page 7
Portdevon Holdings LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.4. Financial Instruments - continued
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
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 company 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 company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, 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.
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.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
2.5. Cash & cash equivalent
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value
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 | 17,450 | 1,197 | 18,647
As at 31 March 2025 | 17,450 | 1,197 | 18,647
Depreciation
As at 1 April 2024 | 17,450 | 1,197 | 18,647
As at 31 March 2025 | 17,450 | 1,197 | 18,647
Net Book Value
As at 31 March 2025 | - | - | -
As at 1 April 2024 | - | - | -

Page 7
Page 8
Portdevon Holdings LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Investments

| Unlisted
--- | ---
| £
Cost
As at 1 April 2024 | 100
As at 31 March 2025 | 100
Provision
As at 1 April 2024 | -
As at 31 March 2025 | -
Net Book Value
As at 31 March 2025 | 100
As at 1 April 2024 | 100

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 1,236,070 |  | 1,218,525
| 1,236,070 |  | 1,218,525

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | (1 ) |  | 18,222
Other creditors | 4,150 |  | 5,200
Taxation and social security | - |  | 38,066
| 4,149 |  | 61,488

Page 8