Registered number
OC329718
Ty Nant Court LLP
Filleted Accounts
30 June 2023
Ty Nant Court LLP
Registered number: OC329718
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 7,317 7,646
Cash at bank and in hand 10,971 6,821
18,288 14,467
Creditors: amounts falling due within one year 4 (18,090) (14,269)
Net current assets 198 198
Total assets less current liabilities 198 198
Net assets attributable to members 198 198
Represented by:
Loans and other debts due to members 5 (23,896) (23,896)
Members' other interests
Other reserves 24,094 24,094
198 198
Total members' interests
Loans and other debts due to members 5 (23,896) (23,896)
Members' other interests 24,094 24,094
198 198
For the year ended 30 June 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 4 November 2023 and signed on their behalf by:
Mr R W Emanuel
Designated member
Ty Nant Court LLP
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP - -
3 Debtors 2023 2022
£ £
Trade debtors 7,317 7,316
Other debtors - 330
7,317 7,646
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 15,233 11,574
Other taxes and social security costs 2,208 445
Other creditors 649 2,250
18,090 14,269
5 Loans and other debts due to members 2023 2022
£ £
Loans from members 18 18
Amounts due to members in respect of profits (23,914) (23,914)
(23,896) (23,896)
Amounts falling due within one year (23,896) (23,896)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Controlling party
The company is ultimately controlled by Mr R W Emanuel and Mr D J Jones.
7 Other information
Ty Nant Court LLP is a limited liability partnership incorporated in England. Its registered office is:
6 Ty Nant Court
Morganstown
Cardiff
CF15 8LW
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