Silverfin false 30/06/2023 01/07/2022 30/06/2023 G.R. Allan Aggregates (Thorney) Limited 16/05/2016 Universal Exports 2021 Ltd 16/05/2016 27 March 2024 OC411841 2023-06-30 OC411841 bus:Director1 2023-06-30 OC411841 bus:Director2 2023-06-30 OC411841 2022-06-30 OC411841 core:CurrentFinancialInstruments 2023-06-30 OC411841 core:CurrentFinancialInstruments 2022-06-30 OC411841 core:PatentsTrademarksLicencesConcessionsSimilar 2022-06-30 OC411841 core:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 OC411841 2022-07-01 2023-06-30 OC411841 bus:FullAccounts 2022-07-01 2023-06-30 OC411841 bus:SmallEntities 2022-07-01 2023-06-30 OC411841 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 OC411841 bus:LimitedLiabilityPartnershipLLP 2022-07-01 2023-06-30 OC411841 bus:Director1 2022-07-01 2023-06-30 OC411841 bus:Director2 2022-07-01 2023-06-30 OC411841 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure

Company No: OC411841 (England and Wales)

THORNEY AGGREGATES LLP

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

THORNEY AGGREGATES LLP

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

THORNEY AGGREGATES LLP

STATEMENT OF FINANCIAL POSITION

As at 30 June 2023
THORNEY AGGREGATES LLP

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 2 1 1
1 1
Current assets
Cash at bank and in hand 1 1
1 1
Creditors: amounts falling due within one year 3 ( 174,373) ( 158,813)
Net current liabilities (174,372) (158,812)
Total assets less current liabilities (174,371) (158,811)
Net liabilities attributable to members ( 174,371) ( 158,811)
Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability (158,813) (143,793)
Other amounts (15,560) (15,020)
(174,373) (158,813)
Members' other interests
Members' capital classified as equity 2 2
2 2
(174,371) (158,811)
Total members' interests
Loans and other debts due to members (174,373) (158,813)
Members' other interests 2 2
(174,371) (158,811)

For the financial year ending 30 June 2023 the LLP 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.

Members' responsibilities:

The financial statements of Thorney Aggregates LLP (registered number: OC411841) were approved and authorised for issue by the Board of Directors on 27 March 2024. They were signed on its behalf by:

Universal Exports 2021 Ltd
Designated member
THORNEY AGGREGATES LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
THORNEY AGGREGATES LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Thorney Aggregates LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Trademarks, patents and licences not amortised
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The LLP only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors and are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the LLP during the year 2 2

2. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 01 July 2022 1 1
At 30 June 2023 1 1
Accumulated amortisation
At 01 July 2022 0 0
At 30 June 2023 0 0
Net book value
At 30 June 2023 1 1
At 30 June 2022 1 1

3. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to associates 9,480 6,720
Other creditors 164,893 152,093
174,373 158,813

4. Related party transactions

Transactions with owners holding a participating interest in the entity

2023 2022
£ £
Amount payable in respect of rent due to one of the designated members of Thorney Aggregates LLP 12,500 12,500
Total amount due to this designated member at the year end 164,400 151,600