Acorah Software Products - Accounts Production 16.8.310 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 OC320221 Dr Mushtaq Shah Mr James Fowler true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC320221 2023-12-31 OC320221 2024-12-31 OC320221 2024-01-01 2024-12-31 OC320221 frs-core:CurrentFinancialInstruments 2024-12-31 OC320221 frs-bus:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC320221 frs-bus:LimitedLiabilityPartnershipsSORP 2024-01-01 2024-12-31 OC320221 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 OC320221 frs-bus:SmallEntities 2024-01-01 2024-12-31 OC320221 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 OC320221 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 OC320221 1 2024-01-01 2024-12-31 OC320221 frs-countries:EnglandWales 2024-01-01 2024-12-31 OC320221 frs-bus:PartnerLLP1 2024-01-01 2024-12-31 OC320221 frs-bus:PartnerLLP2 2024-01-01 2024-12-31 OC320221 2022-12-31 OC320221 2023-12-31 OC320221 2023-01-01 2023-12-31 OC320221 frs-core:CurrentFinancialInstruments 2023-12-31 OC320221 frs-core:OtherReservesSubtotal 2022-12-31
Registered number: OC320221
Ratings Intelligence Partners LLP
Unaudited Financial Statements
For The Year Ended 31 December 2024
Cloudkeepers London Ltd
124 City Road
London
EC1V 2NX
Ratings Intelligence Partners LLP
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Reconciliation of Members' Interests | 3—5
Notes to the Financial Statements | 5—6

Page 1
Ratings Intelligence Partners LLP
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: OC320221

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
CURRENT ASSETS
Debtors | 3 | 653,996 |  | 588,605 |
Cash at bank and in hand |  | 496,750 |  | 331,879 |
|  | 1,150,746 |  | 920,484 |
Creditors: Amounts Falling Due Within One Year | 4 | (666,681 ) |  | (757,804 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 484,065 |  | 162,680
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 484,065 |  | 162,680
NET ASSETS ATTRIBUTABLE TO MEMBERS |  |  | 484,065 |  | 162,680
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability |  | 55,802 |  | 55,802 |
Other amounts |  | 321,385 |  | - |
|  |  | 377,187 |  | 55,802
Equity
Members' other interests
Members' capital |  | 100 |  | 100 |
Other reserves |  | 106,778 |  | 106,778 |
|  |  | 106,878 |  | 106,878
|  |  | 484,065 |  | 162,680
TOTAL MEMBERS' INTEREST
Amounts due from members |  |  | (396,341) |  | -
Loans and other debts due to members within one year |  |  | 377,187 |  | 55,802
Members' other interests |  |  | 106,878 |  | 106,878
|  |  | 87,724 |  | 162,680

Page 1
Page 2
Ratings Intelligence Partners LLP
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 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

Dr Mushtaq Shah Designated Member
15th January 2026

The notes on pages 5 to 6 form part of these financial statements.
Page 2
Page 3
Ratings Intelligence Partners LLP
Reconciliation of Members' Interests
For The Year Ended 31 December 2024
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 to members | - | - | - | 55,802
Balance at 1 January 2023 | 100 | (107,807 ) | (107,707) | 55,802
Profit/(loss) for the financial year available for discretionary division among members | - | 214,585 | 214,585 | -
Members' interests after profit/(loss) for the year | 100 | 106,778 | 106,878 | 55,802
Amounts due to members | - | - | - | 55,802
As at 31 December 2023 and 1 January 2024 | 100 | 106,778 | 106,878 | 55,802
Profit/(loss) for the financial year available for discretionary division among members | - | 321,385 | 321,385 | -
Members' interests after profit/(loss) for the year | 100 | 428,163 | 428,263 | 55,802
Other divisions of profits (losses) | - | (321,385) | (321,385) | -
Drawings | - | - | - | -
Amounts due to members | - | - | - | 55,802
Amounts due from members | - | - | - | -
As at 31 December 2024 | 100 | 106,778 | 106,878 | 55,802

Page 3
Page 4
Ratings Intelligence Partners LLP
Reconciliation of Members' Interests (continued)
For The Year Ended 31 December 2024

| 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 to members | - | 55,802 | -
Balance at 1 January 2023 | - | 55,802 | (51,905)
Profit/(loss) for the financial year available for discretionary division among members | - | - | 214,585
Members' interests after profit/(loss) for the year | - | 55,802 | 162,680
Amounts due to members | - | 55,802 | -
As at 31 December 2023 and 1 January 2024 | - | 55,802 | 162,680
Profit/(loss) for the financial year available for discretionary division among members | - | - | 321,385
Members' interests after profit/(loss) for the year | - | 55,802 | 484,065
Other divisions of profits (losses) | 321,385 | 321,385 | -
Drawings | (396,341) | (396,341) | (396,341)
Amounts due to members | 321,385 | 377,187 | -
Amounts due from members | (396,341) | (396,341) | -
As at 31 December 2024 | (74,956) | (19,154) | 87,724

Page 4
Page 5
Ratings Intelligence Partners LLP
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. Accounting Policies
1.1. 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 January 2017 (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.
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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Division of profits
Profits are treated as being available for discretionary divsion only if the LLP has an unconditional right ot refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members' remuneration cahrged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction cost and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probably that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Foreign currency transalation
Transactions in foreign currencies are initially recognised at the rate of the exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
General Information
Ratings Intelligence Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC320221 . The Registered Office is 158 Coombe Lane West, Kingston-Upon-Thames, Surrey, KT2 7DE.
2. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
Page 5
Page 6
Ratings Intelligence Partners LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
3. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 224,703 |  | 588,482
Other debtors | 32,878 |  | -
VAT | 74 |  | 123
Amounts due from members | 396,341 |  | -
| 653,996 |  | 588,605

4. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | (1 ) |  | -
Other creditors | - |  | 288,122
Other creditors: Ratings Intelligence Services Limited | 666,682 |  | 666,682
Amounts owed to related parties | - |  | (197,000 )
| 666,681 |  | 757,804

5. Related Party Transactions
Dr M Shah and Mr J Fowler were members of Ratings Intelligence Partners LLP during the year and also directors of Ratings Intelligence Services Limited. All related party transactions have been included within the disclosure notes.
6. Ultimate Controlling Party
The LLP's ultimate controlling party is Dr Mushtaq Shah
Page 6