Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseNo description of principal activity103falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC346632 2022-07-01 2023-06-30 OC346632 2021-07-01 2022-06-30 OC346632 2023-06-30 OC346632 2022-06-30 OC346632 c:MotorVehicles 2022-07-01 2023-06-30 OC346632 c:MotorVehicles 2023-06-30 OC346632 c:MotorVehicles 2022-06-30 OC346632 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 OC346632 c:FurnitureFittings 2022-07-01 2023-06-30 OC346632 c:FurnitureFittings 2023-06-30 OC346632 c:FurnitureFittings 2022-06-30 OC346632 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 OC346632 c:ComputerEquipment 2022-07-01 2023-06-30 OC346632 c:ComputerEquipment 2023-06-30 OC346632 c:ComputerEquipment 2022-06-30 OC346632 c:ComputerEquipment c:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 OC346632 c:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 OC346632 c:CurrentFinancialInstruments 2023-06-30 OC346632 c:CurrentFinancialInstruments 2022-06-30 OC346632 c:Non-currentFinancialInstruments 2023-06-30 OC346632 c:Non-currentFinancialInstruments 2022-06-30 OC346632 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 OC346632 c:CurrentFinancialInstruments c:WithinOneYear 2022-06-30 OC346632 c:Non-currentFinancialInstruments c:AfterOneYear 2023-06-30 OC346632 c:Non-currentFinancialInstruments c:AfterOneYear 2022-06-30 OC346632 d:FRS102 2022-07-01 2023-06-30 OC346632 d:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 OC346632 d:FullAccounts 2022-07-01 2023-06-30 OC346632 d:LimitedLiabilityPartnershipLLP 2022-07-01 2023-06-30 OC346632 d:PartnerLLP1 2022-07-01 2023-06-30 OC346632 d:PartnerLLP2 2022-07-01 2023-06-30 OC346632 d:PartnerLLP3 2022-07-01 2023-06-30 OC346632 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-06-30 OC346632 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-06-30 OC346632 c:FurtherSpecificReserve2ComponentTotalEquity 2023-06-30 OC346632 c:FurtherSpecificReserve2ComponentTotalEquity 2022-06-30 OC346632 c:FurtherSpecificReserve3ComponentTotalEquity 2023-06-30 OC346632 c:FurtherSpecificReserve3ComponentTotalEquity 2022-06-30 iso4217:GBP xbrli:pure
Company registration number: OC346632







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2023


TEA2YOU LLP






































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TEA2YOU LLP
 



INFORMATION




Designated Members

Mr R Mondal
Mrs D Mondal
Miss R Mondal

LLP registered number

OC346632

Registered office

6 Caddy CloseCaddy CloseEghamTW20 9JL

Accountants

Menzies LLP2nd floor Magna House18-32 London RoadStaines-Upon-ThamesTW18 4BP


 


TEA2YOU LLP
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


TEA2YOU LLP
REGISTERED NUMBER:OC346632



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
24,717
32,957

  
24,717
32,957

Current assets
  

Stocks
  
8,000
9,000

Debtors: amounts falling due within one year
 5 
7,124
7,713

Cash at bank and in hand
  
144,188
36,363

  
159,312
53,076

Creditors: Amounts Falling Due Within One Year
 6 
(16,377)
(5,468)

Net current assets
  
 
 
142,935
 
 
47,608

Total assets less current liabilities
  
167,652
80,565

Creditors: amounts falling due after more than one year
 7 
(3,833)
(9,942)

  
163,819
70,623

  

Net assets
  
163,819
70,623


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
163,819
(183,915)

  
163,819
(183,915)

Members' other interests
  

Members' capital classified as equity
  
-
(5,140)

Other reserves classified as equity
  
-
259,678

  
 
-
 
254,538

  
163,819
70,623


Total members' interests
  

Loans and other debts due to members
 8 
163,819
(183,915)

Members' other interests
  
-
254,538

  
163,819
70,623


Page 1

 


TEA2YOU LLP
REGISTERED NUMBER:OC346632


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

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

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 



Mr R Mondal
Designated member
Date: 14 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Tea2You LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 2

 


TEA2YOU LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Tea2you LLP is a limited liability partnership incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements. The principal place of business is Borough Market, 8 Southwark Street, Three Crown Square, London, SE1 1TL.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is generated through the sale of tea leaf and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

Page 3

 


TEA2YOU LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 3).

Page 4

 


TEA2YOU LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2022
40,875
2,801
3,549
47,225



At 30 June 2023

40,875
2,801
3,549
47,225



Depreciation


At 1 July 2022
10,219
2,115
1,934
14,268


Charge for the year on owned assets
7,664
172
404
8,240



At 30 June 2023

17,883
2,287
2,338
22,508



Net book value



At 30 June 2023
22,992
514
1,211
24,717



At 30 June 2022
30,656
686
1,615
32,957


5.


Debtors

2023
2022
£
£


Other debtors
7,124
7,713

7,124
7,713



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
2,000
2,000

Other loans
1,754
2,478

Trade creditors
9,000
20

Other creditors
123
145

Accruals and deferred income
3,500
825

16,377
5,468


Page 5

 


TEA2YOU LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
3,833
5,833

Other loans
-
4,109

3,833
9,942



8.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
163,819
(183,915)

163,819
(183,915)

Loans and other debts due to members may be further analysed as follows:

2023
2022
£
£



Falling due within one year
163,819
(183,915)

163,819
(183,915)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 6