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REGISTERED NUMBER: OC371782 (England and Wales)















REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TOTLEIGH LLP

TOTLEIGH LLP (REGISTERED NUMBER: OC371782)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


TOTLEIGH LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: Mr S R Deighton
Mrs R Deighton





REGISTERED OFFICE: Unit 2
99-101 Kingsland Road
London
E2 8AG





REGISTERED NUMBER: OC371782 (England and Wales)





ACCOUNTANTS: Versa Accountants Ltd
Chartered Certified Accountants
Unit 2
99-101 Kingsland Road
London
E2 8AG

TOTLEIGH LLP (REGISTERED NUMBER: OC371782)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2023

The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of providing business support services to the financial futures industry.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mr S R Deighton
Mrs R Deighton

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £3,368 (2022 - £78,739 profit).

MEMBERS' INTERESTS
There is no defined policy relating to members' subscriptions or the repayment of capital.

ON BEHALF OF THE MEMBERS:





Mr S R Deighton - Designated member


31 October 2023

TOTLEIGH LLP (REGISTERED NUMBER: OC371782)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Notes £    £    £    £   

TURNOVER 10,012 10,847

Administrative expenses 29,432 (392 )
(19,420 ) 11,239

Other operating income 812 67,500
OPERATING (LOSS)/PROFIT 4 (18,608 ) 78,739

Income from fixed asset investments 15,000 -
Interest receivable and similar income 240 -
15,240 -
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES



(3,368



)



78,739

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES



(3,368



)



78,739

Members' remuneration charged as an
expense

5

3,368

(58,739

)
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


20,000

TOTLEIGH LLP (REGISTERED NUMBER: OC371782)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 4,025 976
Investments 7 23,662 23,662
27,687 24,638

CURRENT ASSETS
Debtors 8 19,947 8,882
Cash at bank and in hand 9,418 92,417
29,365 101,299
CREDITORS
Amounts falling due within one year 9 2,400 2,399
NET CURRENT ASSETS 26,965 98,900
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

54,652

123,538

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

54,652

123,538

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 54,652 123,538

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.

TOTLEIGH LLP (REGISTERED NUMBER: OC371782)

BALANCE SHEET - continued
31 MARCH 2023


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

The financial statements were approved by the members of the LLP and authorised for issue on 31 October 2023 and were signed by:





Mr S R Deighton - Designated member

TOTLEIGH LLP (REGISTERED NUMBER: OC371782)

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

1. STATUTORY INFORMATION

Totleigh LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEE INFORMATION

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

4. OPERATING (LOSS)/PROFIT

The operating loss (2022 - operating profit) is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 1,475 327

5. INFORMATION IN RELATION TO MEMBERS
2023 2022
£    £   
Members' remuneration charged as an expense
Automatic division of (loss)/profit (3,368 ) 58,739

TOTLEIGH LLP (REGISTERED NUMBER: OC371782)

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

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 - 3,022 3,022
Additions 1,260 3,264 4,524
At 31 March 2023 1,260 6,286 7,546
DEPRECIATION
At 1 April 2022 - 2,046 2,046
Charge for year 315 1,160 1,475
At 31 March 2023 315 3,206 3,521
NET BOOK VALUE
At 31 March 2023 945 3,080 4,025
At 31 March 2022 - 976 976

7. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 23,662
NET BOOK VALUE
At 31 March 2023 23,662
At 31 March 2022 23,662

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,010 (9,055 )
Other debtors 17,937 17,937
19,947 8,882

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - (1 )
Other creditors 2,400 2,400
2,400 2,399

TOTLEIGH LLP (REGISTERED NUMBER: OC371782)

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

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.