Acorah Software Products - Accounts Production 14.6.300 false true false 14 August 2023 31 March 2024 31 March 2024 OC448646 Mrs Natalie Viccars Mr John Viccars iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC448646 2023-08-13 OC448646 2024-03-31 OC448646 2023-08-14 2024-03-31 OC448646 frs-core:Non-currentFinancialInstruments 2024-03-31 OC448646 frs-bus:LimitedLiabilityPartnershipLLP 2023-08-14 2024-03-31 OC448646 frs-bus:LimitedLiabilityPartnershipsSORP 2023-08-14 2024-03-31 OC448646 frs-bus:FilletedAccounts 2023-08-14 2024-03-31 OC448646 frs-bus:SmallEntities 2023-08-14 2024-03-31 OC448646 frs-bus:AuditExempt-NoAccountantsReport 2023-08-14 2024-03-31 OC448646 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-14 2024-03-31 OC448646 frs-countries:EnglandWales 2023-08-14 2024-03-31 OC448646 frs-bus:PartnerLLP1 2023-08-14 2024-03-31 OC448646 frs-bus:PartnerLLP2 2023-08-14 2024-03-31
Registered number: OC448646
TPC Into The Forest LLP
Unaudited Financial Statements
For the Period 14 August 2023 to 31 March 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC448646
31 March 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 1,690,000
1,690,000
CURRENT ASSETS
Debtors 5 12,597
Cash at bank and in hand 145
12,742
Creditors: Amounts Falling Due Within One Year 6 (10,116 )
NET CURRENT ASSETS (LIABILITIES) 2,626
TOTAL ASSETS LESS CURRENT LIABILITIES 1,692,626
Creditors: Amounts Falling Due After More Than One Year 7 (1,427,270 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 265,356
REPRESENTED BY:
Equity
Members' other interests
Members' capital 265,356
265,356
TOTAL MEMBERS' INTEREST
Amounts due from members (12,597)
Members' other interests 265,356
252,759
Page 1
Page 2
For the period ending 31 March 2024 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mrs Natalie Viccars
Designated Member
31/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TPC Into The Forest LLP is a limited liability partnership, incorporated in England & Wales, registered number OC448646 . The Registered Office is C/O OPTIMISE ACCOUNTANTS LIMITED, BRAMLEY HOUSE BRAMLEY ROAD, LONG EATON, NOTTINGHAMSHIRE, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 2
2
4. Investment Property
31 March 2024
£
Fair Value
As at 14 August 2023 -
Additions 1,690,000
As at 31 March 2024 1,690,000
5. Debtors
31 March 2024
£
Due within one year
Other debtors 12,597
6. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Other creditors 10,116
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024
£
Bank loans 1,427,270
8. Secured Creditors
Of the creditors the following amounts are secured.
31 March 2024
£
Bank loans and overdrafts 1,427,270
Page 4