Acorah Software Products - Accounts Production 16.8.310 false true false 1 March 2024 28 February 2025 28 February 2025 SO304265 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO304265 2024-02-29 SO304265 2025-02-28 SO304265 2024-03-01 2025-02-28 SO304265 frs-core:CurrentFinancialInstruments 2025-02-28 SO304265 frs-core:FurnitureFittings 2024-03-01 2025-02-28 SO304265 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 SO304265 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 SO304265 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SO304265 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 SO304265 frs-core:PlantMachinery 2025-02-28 SO304265 frs-core:PlantMachinery 2024-03-01 2025-02-28 SO304265 frs-core:PlantMachinery 2024-02-29 SO304265 frs-bus:LimitedLiabilityPartnershipLLP 2024-03-01 2025-02-28 SO304265 frs-bus:LimitedLiabilityPartnershipsSORP 2024-03-01 2025-02-28 SO304265 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 SO304265 frs-bus:SmallEntities 2024-03-01 2025-02-28 SO304265 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 SO304265 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 SO304265 frs-countries:Scotland 2024-03-01 2025-02-28 SO304265 frs-bus:PartnerLLP1 2024-03-01 2025-02-28
Registered number: SO304265
Glasgow Maritime Academy LLP
Financial Statements
For The Year Ended 28 February 2025
Glasgow Maritime Academy LLP
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Glasgow Maritime Academy LLP
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: SO304265

| 2025
--- | ---
| Notes | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,378,618
|  |  | 1,378,618
CURRENT ASSETS
Debtors | 5 | 104,515 |
Cash at bank and in hand |  | 1,535,999 |
|  | 1,640,514 |
Creditors: Amounts Falling Due Within One Year | 6 | (2,617,165 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (976,651 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 401,967
NET ASSETS ATTRIBUTABLE TO MEMBERS |  |  | 401,967
REPRESENTED BY:
Equity
Members' other interests
Members' capital |  | (36,371) |
Other reserves |  | 438,338 |
|  |  | 401,967
TOTAL MEMBERS' INTEREST
Amounts due from members |  |  | (104,515)
Members' other interests |  |  | 401,967
|  |  | 297,452

Page 1
Page 2
Glasgow Maritime Academy LLP
Balance Sheet (continued)
As At 28 February 2025
For the year ending 28 February 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 Vinil Gupta Partner
02/04/2026

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Glasgow Maritime Academy LLP
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
Glasgow Maritime Academy LLP is a limited liability partnership, incorporated in Scotland, registered number SO304265 . The Registered Office is 114 Abercromby Business Centre, 279 Abercromby Street, Glasgow, Lanarkshire, G40 2DD.
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 | over 50 years
Leasehold | over the lease term
Plant & Machinery | over 5 years
Fixtures & Fittings | over 5 years

3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 6
6
Page 3
Page 4
Glasgow Maritime Academy LLP
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Total
| £ | £ | £
Cost
As at 1 March 2024 | 1,459,913 | 58,088 | 1,518,001
As at 28 February 2025 | 1,459,913 | 58,088 | 1,518,001
Depreciation
As at 1 March 2024 | 89,236 | 48,745 | 137,981
Provided during the period | 1,402 | - | 1,402
As at 28 February 2025 | 90,638 | 48,745 | 139,383
Net Book Value
As at 28 February 2025 | 1,369,275 | 9,343 | 1,378,618
As at 1 March 2024 | 1,370,677 | 9,343 | 1,380,020

5. Debtors

| 2025
--- | ---
| £
Due within one year
Other debtors | 104,515

6. Creditors: Amounts Falling Due Within One Year

| 2025
--- | ---
| £
Trade creditors | (445,776 )
Bank loans and overdrafts | 13,431
Other creditors | 2,988,055
Taxation and social security | 61,455
| 2,617,165

Page 4