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REGISTERED NUMBER: OC350307 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TANDOM PROPERTY LLP

TANDOM PROPERTY LLP (REGISTERED NUMBER: OC350307)






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




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TANDOM PROPERTY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DESIGNATED MEMBERS: Mr S G Wiles
Mrs L M Wiles





REGISTERED OFFICE: Ground Floor
Oakhurst House
77 Mount Ephraim
TUNBRIDGE WELLS
Kent
TN4 8BS





REGISTERED NUMBER: OC350307 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

TANDOM PROPERTY LLP (REGISTERED NUMBER: OC350307)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 830,000 830,000

CURRENT ASSETS
Cash at bank 80,129 80,231

CREDITORS
Amounts falling due within one year 5 (1,756 ) (1,756 )
NET CURRENT ASSETS 78,373 78,475
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

908,373

908,475

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

93,408

93,510

MEMBERS' OTHER INTERESTS
Capital accounts 714,965 714,965
Revaluation reserve 7 100,000 100,000
908,373 908,475

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 93,408 93,510
Members' other interests 814,965 814,965
908,373 908,475

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 November 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.

TANDOM PROPERTY LLP (REGISTERED NUMBER: OC350307)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 16 August 2024 and were signed by:




Mr S G Wiles - Designated member




Mrs L M Wiles - Designated member


TANDOM PROPERTY LLP (REGISTERED NUMBER: OC350307)

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

1. STATUTORY INFORMATION

Tandom Property 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 830,000
NET BOOK VALUE
At 30 November 2023 830,000
At 30 November 2022 830,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2013 100,000
Valuation in 2018 25,000
Valuation in 2019 25,000
Valuation in 2020 10,000
Valuation in 2021 20,000
Cost 650,000
830,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 650,000 650,000

Investment property was valued on an open market basis on 30 November 2023 by the members .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,756 1,756

TANDOM PROPERTY LLP (REGISTERED NUMBER: OC350307)

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

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests also rank pari passu with unsecured creditors.

7. RESERVES
Revaluation
reserve
£   
At 1 December 2022
and 30 November 2023 100,000