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REGISTERED NUMBER: OC372089 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TPS PROJECT MANAGEMENT LLP

TPS PROJECT MANAGEMENT LLP (REGISTERED NUMBER: OC372089)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 5


TPS PROJECT MANAGEMENT LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: John Simpkin Ltd
Total Property Solutions Limited
PRG Project&Construction Management Ltd
DM White Limited





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: OC372089 (England and Wales)

TPS PROJECT MANAGEMENT LLP (REGISTERED NUMBER: OC372089)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,613 36,908

CURRENT ASSETS
Debtors 5 380,852 329,911
Cash at bank 338,695 478,466
719,547 808,377
CREDITORS
Amounts falling due within one year 6 278,830 323,233
NET CURRENT ASSETS 440,717 485,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,330

522,052

CREDITORS
Amounts falling due after more than one year 7 10,700 13,949
NET ASSETS ATTRIBUTABLE TO
MEMBERS

457,630

508,103

TPS PROJECT MANAGEMENT LLP (REGISTERED NUMBER: OC372089)

BALANCE SHEET - continued
31 MARCH 2023

2023 2022
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

457,530

508,003

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
457,630 508,103

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 457,530 508,003
Members' other interests 100 100
457,630 508,103

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

TPS PROJECT MANAGEMENT LLP (REGISTERED NUMBER: OC372089)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 5 July 2023 and were signed by:




John Simpkin Ltd - Designated member




Total Property Solutions Limited - Designated member


TPS PROJECT MANAGEMENT LLP (REGISTERED NUMBER: OC372089)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

TPS Project Management LLP is registered in England and Wales. The LLP's registered number, registered office and trading address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£).

Related party exemption
The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts chargeable to clients for the provision of professional services that have been provided during the year. These amounts include direct recoverable expenses incurred but exclude Value Added Tax. The LLP recognises income, including expenses, at the point where it obtains the right to consideration. The excess of the right to consideration over invoiced amounts is shown within accrued income. Turnover in respect of contingent fee assignments is only recognised when the contingent event occurs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33.33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
During the year the company recieved monies under the Coronavirus Small Business Grant. The amounts recieved are included within the accounts on an accruals basis.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2022 - 3 ) .

TPS PROJECT MANAGEMENT LLP (REGISTERED NUMBER: OC372089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 22,971 37,422 31,453 91,846
Additions - 958 4,048 5,006
At 31 March 2023 22,971 38,380 35,501 96,852
DEPRECIATION
At 1 April 2022 20,688 12,062 22,188 54,938
Charge for year 1,448 8,372 4,481 14,301
At 31 March 2023 22,136 20,434 26,669 69,239
NET BOOK VALUE
At 31 March 2023 835 17,946 8,832 27,613
At 31 March 2022 2,283 25,360 9,265 36,908

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 361,255 306,011
Other debtors 19,597 23,900
380,852 329,911

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,250 3,250
Trade creditors 11,180 37,356
Taxation and social security 104,029 119,258
Other creditors 160,371 163,369
278,830 323,233

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 10,700 13,949

TPS PROJECT MANAGEMENT LLP (REGISTERED NUMBER: OC372089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 13,950 17,199

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to member's rank equally with other creditors.