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REGISTERED NUMBER: OC386263 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023

FOR

TANKARD FINERTY PROPERTIES, LLP

TANKARD FINERTY PROPERTIES, LLP (REGISTERED NUMBER: OC386263)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TANKARD FINERTY PROPERTIES, LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 MARCH 2023







DESIGNATED MEMBERS: Mrs P A Finerty
J M Tankard





REGISTERED OFFICE: Valley Farm Cottage
Parkside Road
Adel
Leeds
West Yorkshire
LS16 8EZ





REGISTERED NUMBER: OC386263 (England and Wales)





ACCOUNTANTS: Syers McGill
9 Kerry Street
Horsforth
Leeds
West Yorkshire
LS18 4AW

TANKARD FINERTY PROPERTIES, LLP (REGISTERED NUMBER: OC386263)

BALANCE SHEET
30 MARCH 2023

30.3.23 30.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198 397
Investment property 5 1,501,655 1,501,655
1,501,853 1,502,052

CURRENT ASSETS
Debtors 6 5,793 8,996
Cash at bank 48,196 25,367
53,989 34,363
CREDITORS
Amounts falling due within one year 7 3,672 4,113
NET CURRENT ASSETS 50,317 30,250
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,552,170

1,532,302

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

231,170

211,302

MEMBERS' OTHER INTERESTS
Capital accounts 1,000 1,000
Revaluation reserve 9 1,320,000 1,320,000
1,552,170 1,532,302

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 231,170 211,302
Members' other interests 1,321,000 1,321,000
1,552,170 1,532,302

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 30 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.

TANKARD FINERTY PROPERTIES, LLP (REGISTERED NUMBER: OC386263)

BALANCE SHEET - continued
30 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 21 November 2023 and were signed by:





Mrs P A Finerty - Designated member

TANKARD FINERTY PROPERTIES, LLP (REGISTERED NUMBER: OC386263)

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


1. STATUTORY INFORMATION

Tankard Finerty Properties, 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 represents rental income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 March 2022
and 30 March 2023 2,581
DEPRECIATION
At 31 March 2022 2,184
Charge for year 199
At 30 March 2023 2,383
NET BOOK VALUE
At 30 March 2023 198
At 30 March 2022 397

TANKARD FINERTY PROPERTIES, LLP (REGISTERED NUMBER: OC386263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2022
and 30 March 2023 1,501,655
NET BOOK VALUE
At 30 March 2023 1,501,655
At 30 March 2022 1,501,655

On 28 June 2013 when the properties were transferred into the LLP the members valued the properties. In the opinion of the members the value in the accounts represents current market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Prepayments and accrued income 5,793 8,996

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Accrued expenses 3,672 4,113

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in 'Loans and other debts due to members' will rank equally with unsecured creditors.

9. RESERVES
Revaluation
reserve
£   
At 31 March 2022 1,320,000
At 30 March 2023 1,320,000