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REGISTERED NUMBER: OC417294 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th March 2023

for

Thomason Family Partnership LLP

Thomason Family Partnership LLP (Registered number: OC417294)






Contents of the Financial Statements
for the Year Ended 30th March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thomason Family Partnership LLP

General Information
for the Year Ended 30th March 2023







DESIGNATED MEMBERS: Mrs E Thomason
P Thomason
Thomason Family Holdings Ltd





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
TS23 4EA





REGISTERED NUMBER: OC417294 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Thomason Family Partnership LLP (Registered number: OC417294)

Balance Sheet
30th March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,042,308 13,552,692

CURRENT ASSETS
Debtors 5 201,999 90,999
Cash at bank 369,550 106,011
571,549 197,010
CREDITORS
Amounts falling due within one year 6 (268,066 ) (121,599 )
NET CURRENT ASSETS 303,483 75,411
TOTAL ASSETS LESS CURRENT LIABILITIES 14,345,791 13,628,103

CREDITORS
Amounts falling due after more than one year 7 (8,881,440 ) (8,543,578 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 5,464,351 5,084,525

LOANS AND OTHER DEBTS DUE TO MEMBERS 9 5,464,351 5,084,525

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 5,464,351 5,084,525

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 30th 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.

Thomason Family Partnership LLP (Registered number: OC417294)

Balance Sheet - continued
30th 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 13th March 2024 and were signed by:





P Thomason - Designated member

Thomason Family Partnership LLP (Registered number: OC417294)

Notes to the Financial Statements
for the Year Ended 30th March 2023

1. STATUTORY INFORMATION

Thomason Family Partnership 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 as modified by the revaluation of certain assets.

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.
Land and buildings - in accordance with the property

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 31st March 2022 13,552,692 - 13,552,692
Additions 297,725 79,775 377,500
Revaluations 123,750 - 123,750
At 30th March 2023 13,974,167 79,775 14,053,942
DEPRECIATION
Charge for year - 11,634 11,634
At 30th March 2023 - 11,634 11,634
NET BOOK VALUE
At 30th March 2023 13,974,167 68,141 14,042,308
At 30th March 2022 13,552,692 - 13,552,692

Thomason Family Partnership LLP (Registered number: OC417294)

Notes to the Financial Statements - continued
for the Year Ended 30th March 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30th March 2023 is represented by:

Land and
buildings
£   
Valuation in 2019 87,000
Valuation in 2020 143,000
Valuation in 2022 35,000
Valuation in 2023 123,750
Cost 13,585,417
13,974,167

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 201,999 90,999

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 10,784
Loans 9,648 -
Other creditors 247,770 110,815
268,066 121,599

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 23,359 35,049
Loans 64,499 -
Other creditors 8,793,582 8,508,529
8,881,440 8,543,578

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 8,793,582 8,508,528

Thomason Family Partnership LLP (Registered number: OC417294)

Notes to the Financial Statements - continued
for the Year Ended 30th March 2023

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.