Acorah Software Products - Accounts Production 19.2.450 false true 30 September 2024 1 October 2023 false 1 October 2024 31 March 2026 31 March 2026 OC335479 Mr Michael Mckevitt Mr Stuart Baird Mr Christopher Shepherd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC335479 2024-09-30 OC335479 2026-03-31 OC335479 2024-10-01 2026-03-31 OC335479 frs-core:CurrentFinancialInstruments 2026-03-31 OC335479 frs-core:FurnitureFittings 2026-03-31 OC335479 frs-core:FurnitureFittings 2024-10-01 2026-03-31 OC335479 frs-core:FurnitureFittings 2024-09-30 OC335479 frs-bus:LimitedLiabilityPartnershipLLP 2024-10-01 2026-03-31 OC335479 frs-bus:LimitedLiabilityPartnershipsSORP 2024-10-01 2026-03-31 OC335479 frs-bus:FilletedAccounts 2024-10-01 2026-03-31 OC335479 frs-bus:SmallEntities 2024-10-01 2026-03-31 OC335479 frs-bus:AuditExempt-NoAccountantsReport 2024-10-01 2026-03-31 OC335479 frs-bus:SmallCompaniesRegimeForAccounts 2024-10-01 2026-03-31 OC335479 frs-countries:EnglandWales 2024-10-01 2026-03-31 OC335479 frs-bus:PartnerLLP1 2024-10-01 2026-03-31 OC335479 frs-bus:PartnerLLP2 2024-10-01 2026-03-31 OC335479 frs-bus:PartnerLLP3 2024-10-01 2026-03-31 OC335479 2023-09-30 OC335479 2024-09-30 OC335479 2023-10-01 2024-09-30 OC335479 frs-core:CurrentFinancialInstruments 2024-09-30
Registered number: OC335479
JYM Partnership LLP
Unaudited ABRIDGED Financial Statements
For the Period 1 October 2024 to 31 March 2026
JYM Partnership LLP
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
JYM Partnership LLP
Balance Sheet
As At 31 March 2026
Balance Sheet
Registered number: OC335479

| 31 March 2026 | 30 September 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 20,287 |  | 20,066
|  |  | 20,287 |  | 20,066
CURRENT ASSETS
Stocks | 5 | 52,807 |  | - |
Debtors | 6 | 406,846 |  | 404,150 |
Cash at bank and in hand |  | 410,900 |  | 594,976 |
|  | 870,553 |  | 999,126 |
Creditors: Amounts Falling Due Within One Year | 7 | (180,084 ) |  | (166,430 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 690,469 |  | 832,696
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 710,756 |  | 852,762
NET ASSETS ATTRIBUTABLE TO MEMBERS |  |  | 710,756 |  | 852,762
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts |  | 710,756 |  | 852,762 |
|  |  | 710,756 |  | 852,762
|  |  | 710,756 |  | 852,762
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year |  |  | 710,756 |  | 852,762
|  |  | 710,756 |  | 852,762

Page 1
Page 2
JYM Partnership LLP
Balance Sheet (continued)
As At 31 March 2026
For the period ending 31 March 2026 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 Michael Mckevitt Designated Member | Mr Stuart Baird Designated Member | Mr Christopher Shepherd Designated Member
25/05/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
JYM Partnership LLP
Notes to the Financial Statements
For the Period 1 October 2024 to 31 March 2026
Notes to the Financial Statements
1. General Information
JYM Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number OC335479 . The Registered Office is Oak House, 28 Sceptre Way, Bamber Bridge, Preston, PR5 6AW.
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 May 2024 (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:

Fixtures & Fittings | 15% reducing balance

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic
of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLPdoes not have such an unconditional right, such amounts are classified as liabilities.
...CONTINUED
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JYM Partnership LLP
Notes to the Financial Statements (continued)
For the Period 1 October 2024 to 31 March 2026
2.5. - continued
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in
the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as anappropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 11 (2024: 11)
11 11
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 October 2024 | 123,332
Additions | 4,626
As at 31 March 2026 | 127,958
Depreciation
As at 1 October 2024 | 103,266
Provided during the period | 4,405
As at 31 March 2026 | 107,671
Net Book Value
As at 31 March 2026 | 20,287
As at 1 October 2024 | 20,066

5. Stocks

| 31 March 2026 |  | 30 September 2024
--- | --- | --- | ---
| £ |  | £
Work in progress | 52,807 |  | -

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JYM Partnership LLP
Notes to the Financial Statements (continued)
For the Period 1 October 2024 to 31 March 2026
6. Debtors

| 31 March 2026 |  | 30 September 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 357,915 |  | 319,928
Other debtors | 48,931 |  | 84,222
| 406,846 |  | 404,150

7. Creditors: Amounts Falling Due Within One Year

| 31 March 2026 |  | 30 September 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 26,417 |  | 43,689
Bank loans and overdrafts | 2,832 |  | 1,758
Other creditors | 67,697 |  | 39,626
Taxation and social security | 83,138 |  | 81,357
| 180,084 |  | 166,430

8. Financial Instruments
A financial asset or a financial liability is recognised only when the LLP becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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JYM Partnership LLP
Notes to the Financial Statements (continued)
For the Period 1 October 2024 to 31 March 2026
9. Pension Commitments
The LLP operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the LLP in an independently administered fund. At the balance sheet date unpaid contributions of £1,609 (2024 - £1,469) were due to the fund. They are included in Other Creditors.
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