Acorah Software Products - Accounts Production 16.6.950 false true 5 April 2024 6 April 2023 false 6 April 2024 5 April 2025 5 April 2025 OC420369 Mr David Robert Laughlin Mr Stuart Joseph Morley Mrs Eileen Morley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC420369 2024-04-05 OC420369 2025-04-05 OC420369 2024-04-06 2025-04-05 OC420369 frs-core:CurrentFinancialInstruments 2025-04-05 OC420369 frs-core:Non-currentFinancialInstruments 2025-04-05 OC420369 frs-core:BetweenOneFiveYears 2025-04-05 OC420369 frs-core:FurnitureFittings 2025-04-05 OC420369 frs-core:FurnitureFittings 2024-04-06 2025-04-05 OC420369 frs-core:FurnitureFittings 2024-04-05 OC420369 frs-core:MotorVehicles 2025-04-05 OC420369 frs-core:MotorVehicles 2024-04-06 2025-04-05 OC420369 frs-core:MotorVehicles 2024-04-05 OC420369 frs-core:PlantMachinery 2025-04-05 OC420369 frs-core:PlantMachinery 2024-04-06 2025-04-05 OC420369 frs-core:PlantMachinery 2024-04-05 OC420369 frs-core:WithinOneYear 2025-04-05 OC420369 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-06 2025-04-05 OC420369 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-06 2025-04-05 OC420369 frs-bus:FilletedAccounts 2024-04-06 2025-04-05 OC420369 frs-bus:SmallEntities 2024-04-06 2025-04-05 OC420369 frs-bus:AuditExempt-NoAccountantsReport 2024-04-06 2025-04-05 OC420369 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 OC420369 frs-countries:EnglandWales 2024-04-06 2025-04-05 OC420369 frs-bus:PartnerLLP1 2024-04-06 2025-04-05 OC420369 frs-bus:PartnerLLP2 2024-04-06 2025-04-05 OC420369 frs-bus:PartnerLLP3 2024-04-06 2025-04-05 OC420369 2023-04-05 OC420369 2024-04-05 OC420369 2023-04-06 2024-04-05 OC420369 frs-core:CurrentFinancialInstruments 2024-04-05 OC420369 frs-core:Non-currentFinancialInstruments 2024-04-05 OC420369 frs-core:BetweenOneFiveYears 2024-04-05 OC420369 frs-core:WithinOneYear 2024-04-05
Registered number: OC420369
The Olivia Partnership LLP
Unaudited Financial Statements
For The Year Ended 5 April 2025
Morrell Middleton Auditors Ltd
The Olivia Partnership LLP
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
The Olivia Partnership LLP
Balance Sheet
As At 5 April 2025
Balance Sheet
Registered number: OC420369

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 74,134 |  | 58,750
|  |  | 74,134 |  | 58,750
CURRENT ASSETS
Debtors | 5 | 352,263 |  | 161,001 |
Cash at bank and in hand |  | 27,765 |  | 25,818 |
|  | 380,028 |  | 186,819 |
Creditors: Amounts Falling Due Within One Year | 6 | (132,431 ) |  | (114,716 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 247,597 |  | 72,103
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 321,731 |  | 130,853
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (129,188 ) |  | (117,613 )
NET ASSETS ATTRIBUTABLE TO MEMBERS |  |  | 192,543 |  | 13,240
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts |  | 192,543 |  | 13,240 |
|  |  | 192,543 |  | 13,240
|  |  | 192,543 |  | 13,240
TOTAL MEMBERS' INTEREST
Amounts due from members |  |  | (352,263) |  | (160,881)
Loans and other debts due to members within one year |  |  | 192,543 |  | 13,240
|  |  | (159,720) |  | (147,641)

Page 1
Page 2
The Olivia Partnership LLP
Balance Sheet (continued)
As At 5 April 2025
For the year ending 5 April 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 Stuart Joseph Morley Designated Member
29/12/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
The Olivia Partnership LLP
Notes to the Financial Statements
For The Year Ended 5 April 2025
Notes to the Financial Statements
1. General Information
The Olivia Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number OC420369 . The Registered Office is 4 The Orchard, Tholthorpe, YO61 1SX.
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 | 25% on cost
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 25% on cost

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
The Olivia Partnership LLP
Notes to the Financial Statements (continued)
For The Year Ended 5 April 2025
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 6 April 2024 | 15,200 | 141,199 | 12,236 | 168,635
Additions | - | 42,487 | - | 42,487
As at 5 April 2025 | 15,200 | 183,686 | 12,236 | 211,122
Depreciation
As at 6 April 2024 | 7,750 | 91,379 | 10,756 | 109,885
Provided during the period | 3,800 | 22,452 | 851 | 27,103
As at 5 April 2025 | 11,550 | 113,831 | 11,607 | 136,988
Net Book Value
As at 5 April 2025 | 3,650 | 69,855 | 629 | 74,134
As at 6 April 2024 | 7,450 | 49,820 | 1,480 | 58,750

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 120
Amounts due from members | 352,263 |  | 160,881
| 352,263 |  | 161,001

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 4,250 |  | 6,582
Bank loans and overdrafts | 5,795 |  | 5,653
Accruals and deferred income | 122,386 |  | 102,481
| 132,431 |  | 114,716

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 90,278 |  | 65,433
Bank loans | 27,438 |  | 33,233
Accruals and deferred income | 11,472 |  | 18,947
| 129,188 |  | 117,613

Page 4
Page 5
The Olivia Partnership LLP
Notes to the Financial Statements (continued)
For The Year Ended 5 April 2025
8. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 4,250 |  | 6,582
Later than one year and not later than five years | 90,278 |  | 65,433
| 94,528 |  | 72,015
| 94,528 |  | 72,015

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