Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 true 1 April 2024 31 March 2025 31 March 2025 OC434563 Mr Kenneth Owen Mr Maxwell Shelley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC434563 2024-03-31 OC434563 2025-03-31 OC434563 2024-04-01 2025-03-31 OC434563 frs-core:CurrentFinancialInstruments 2025-03-31 OC434563 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 OC434563 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC434563 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC434563 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC434563 frs-bus:FullAccounts 2024-04-01 2025-03-31 OC434563 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC434563 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC434563 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC434563 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 OC434563 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC434563 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC434563 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC434563 2023-03-31 OC434563 2024-03-31 OC434563 2023-04-01 2024-03-31 OC434563 frs-core:CurrentFinancialInstruments 2024-03-31
Registered number: OC434563
Primary Industrial Midlands LLP
Members' Report and
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
LLP Information 1
Members' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7
Page 1
LLP Information
Designated Members Mr Kenneth Owen
Mr Maxwell Shelley
LLP Registration Number OC434563
Registered Office Unit 21
Shifnal industrial Estate
Lamledge Lane
Shifnal
TH11 8SD
Accountants VP Associates
39a Joel Street
Northwood Hills
HA6 1NZ
Page 1
Page 2
Members' Report
The members present their report and the financial statements for the year ended 31 March 2025.
Principal Activity
The LLP's principal activity continues to be that of property letting.
Members
The designated members who held office during the year were as follows:
Mr Kenneth Owen
Mr Maxwell Shelley
Statement of Members' Responsibilities
The members are responsible for preparing the financial statements in accordance with applicable law and regulations.Company law as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law as applied to Limited Liability Partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss for that period. In preparing the financial statements the members are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.
The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The members are responsible for the maintenance and integrity of the corporate and financial information included on the LLP's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Signed on behalf of the members by
Mr Maxwell Shelley
Designated Member
16/12/2025
Page 2
Page 3
Accountant's Report
Report to the partners on the preparation of the unaudited statutory accounts of Primary Industrial Midlands 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, I have prepared for your approval the accounts of Primary Industrial Midlands 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 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 Primary Industrial Midlands 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 Primary Industrial Midlands LLP and state those matters that we have agreed to state to the partners of Primary Industrial Midlands 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 Primary Industrial Midlands LLP and its partners as a body for our work or for this report.
It is your duty to ensure that Primary Industrial Midlands 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 Primary Industrial Midlands LLP. You consider that Primary Industrial Midlands 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 Primary Industrial Midlands 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.
16/12/2025
VP Associates
39a Joel Street
Northwood Hills
HA6 1NZ
Page 3
Page 4
Profit and Loss Account
2025 2024
Notes £ £
Cost of sales - 76,339
GROSS PROFIT - 76,339
Administrative expenses (5,287 ) (20,655 )
Other operating income 51 20,827
OPERATING (LOSS)/PROFIT (5,236 ) 76,511
Other interest receivable and similar income 7 57
(LOSS)/PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS (5,229 ) 76,568
The notes on page 7 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 162,500 162,500
162,500 162,500
CURRENT ASSETS
Debtors 5 5,230 3,540
Cash at bank and in hand 1,514 2,407
6,744 5,947
Creditors: Amounts Falling Due Within One Year 6 (4,101 ) (4,813 )
NET CURRENT ASSETS (LIABILITIES) 2,643 1,134
TOTAL ASSETS LESS CURRENT LIABILITIES 165,143 163,634
NET ASSETS ATTRIBUTABLE TO MEMBERS 165,143 163,634
REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability 165,143 87,066
Other amounts - 76,568
165,143 163,634
165,143 163,634
TOTAL MEMBERS' INTEREST
Amounts due from members (5,229) -
Loans and other debts due to members 165,143 163,634
159,914 163,634
Page 5
Page 6
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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
On behalf of the members
Mr Kenneth Owen
Designated Member
Mr Maxwell Shelley
Designated Member
16/12/2025
The notes on page 7 form part of these financial statements.
Page 6
Page 7
Notes to the Financial Statements
1. General Information
Primary Industrial Midlands LLP is a limited liability partnership, incorporated in England & Wales, registered number OC434563 . The Registered Office is Unit 21, Shifnal industrial Estate, Lamledge Lane, Shifnal, TH11 8SD.
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. 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:
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2024 162,500
As at 31 March 2025 162,500
Net Book Value
As at 31 March 2025 162,500
As at 1 April 2024 162,500
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 5,230 3,540
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 926
Other creditors 4,100 3,887
4,101 4,813
Page 7