Acorah Software Products - Accounts Production 19.2.450 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 SO302460 Mr M Hepanil Ms O Hepanil iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO302460 2024-08-31 SO302460 2025-08-31 SO302460 2024-09-01 2025-08-31 SO302460 frs-core:CurrentFinancialInstruments 2025-08-31 SO302460 frs-bus:LimitedLiabilityPartnershipLLP 2024-09-01 2025-08-31 SO302460 frs-bus:LimitedLiabilityPartnershipsSORP 2024-09-01 2025-08-31 SO302460 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 SO302460 frs-bus:SmallEntities 2024-09-01 2025-08-31 SO302460 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 SO302460 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 SO302460 frs-countries:Scotland 2024-09-01 2025-08-31 SO302460 frs-bus:PartnerLLP1 2024-09-01 2025-08-31 SO302460 frs-bus:PartnerLLP2 2024-09-01 2025-08-31 SO302460 2023-08-31 SO302460 2024-08-31 SO302460 2023-09-01 2024-08-31 SO302460 frs-core:CurrentFinancialInstruments 2024-08-31
Registered number: SO302460
OILTRADE MARINE LLP
Unaudited Financial Statements
For The Year Ended 31 August 2025
OILTRADE MARINE LLP
Contents
Contents
Page
LLP Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4
Page 1
OILTRADE MARINE LLP
LLP Information
For The Year Ended 31 August 2025
LLP Information
Designated Members Mr M Hepanil
Ms O Hepanil
LLP Registration Number SO302460
Registered Office 9a Tinto Place
Edinburgh
EH6 5GD
Page 1
Page 2
OILTRADE MARINE LLP
Statement of Financial Position
As At 31 August 2025
Statement of Financial Position
Registered number: SO302460
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 290,634 939,756
Cash at bank and in hand 20,760 69,377
311,394 1,009,133
Creditors: Amounts Falling Due Within One Year 5 (71,745 ) (411,461 )
NET CURRENT ASSETS (LIABILITIES) 239,649 597,672
TOTAL ASSETS LESS CURRENT LIABILITIES 239,649 597,672
NET ASSETS ATTRIBUTABLE TO MEMBERS 239,649 597,672
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 1,484,847 1,245,298
1,484,847 1,245,298
Equity
Members' other interests
Members' capital (1,245,198) (647,626)
(1,245,198) (647,626)
239,649 597,672
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 1,484,847 1,245,298
Members' other interests (1,245,198) (647,626)
239,649 597,672
Page 2
Page 3
OILTRADE MARINE LLP
Statement of Financial Position (continued)
As At 31 August 2025
For the year ending 31 August 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 Income Statement.
On behalf of the members
Ms O Hepanil
Designated Member
19/06/2026
The notes on page 4 form part of these financial statements.
Page 3
Page 4
OILTRADE MARINE LLP
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
OILTRADE MARINE LLP is a limited liability partnership, incorporated in Scotland, registered number SO302460 . The Registered Office is 9a Tinto Place, Edinburgh, EH6 5GD.
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. Loans and Other Debts due to Members
In the event of a winding up of the LLP, amounts classified as 'other debts due to members' would rank behind other non-secured creditors. There are no restrictions that exist on the ability of members to reduce the amounts classifies as 'members capital'.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)
- -
4. Debtors
2025 2024
£ £
Due within one year
Trade debtors 171,097 435,036
Amounts due from members 119,537 504,720
290,634 939,756
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 71,745 411,461
Page 4