IRIS Accounts Production v24.2.0.383 OC350016 designated member 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3500162022-11-30OC3500162023-11-30OC3500162022-12-012023-11-30OC3500162021-11-30OC3500162021-12-012022-11-30OC3500162022-11-30OC350016ns15:EnglandWales2022-12-012023-11-30OC350016ns14:PoundSterling2022-12-012023-11-30OC350016ns10:PartnerLLP12022-12-012023-11-30OC350016ns10:LimitedLiabilityPartnershipLLP2022-12-012023-11-30OC350016ns10:SmallEntities2022-12-012023-11-30OC350016ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-30OC350016ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-30OC350016ns10:LimitedLiabilityPartnershipsSORP2022-12-012023-11-30OC350016ns10:FullAccounts2022-12-012023-11-30OC350016ns10:PartnerLLP22022-12-012023-11-30OC350016ns10:RegisteredOffice2022-12-012023-11-30OC350016ns5:CurrentFinancialInstruments2023-11-30OC350016ns5:CurrentFinancialInstruments2022-11-30OC350016ns5:LandBuildings2022-11-30OC350016ns5:FurnitureFittings2022-11-30OC350016ns5:MotorVehicles2022-11-30OC350016ns5:LandBuildings2022-12-012023-11-30OC350016ns5:FurnitureFittings2022-12-012023-11-30OC350016ns5:MotorVehicles2022-12-012023-11-30OC350016ns5:LandBuildings2023-11-30OC350016ns5:FurnitureFittings2023-11-30OC350016ns5:MotorVehicles2023-11-30OC350016ns5:LandBuildings2022-11-30OC350016ns5:FurnitureFittings2022-11-30OC350016ns5:MotorVehicles2022-11-30
REGISTERED NUMBER: OC350016 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TERM TIME PROPERTIES LLP

TERM TIME PROPERTIES LLP (REGISTERED NUMBER: OC350016)






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 3


TERM TIME PROPERTIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DESIGNATED MEMBERS: J Parisella
Mrs C Parisella





REGISTERED OFFICE: 50A The Porticos
TUNBRIDGE WELLS
Kent
TN4 9SG





REGISTERED NUMBER: OC350016 (England and Wales)





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

TERM TIME PROPERTIES LLP (REGISTERED NUMBER: OC350016)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 555,056 543,056

CURRENT ASSETS
Debtors 5 5 5
Cash at bank 3,850 493
3,855 498
CREDITORS
Amounts falling due within one year 6 (6,752 ) (7,772 )
NET CURRENT LIABILITIES (2,897 ) (7,274 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

552,159

535,782

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

552,159

535,782

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 552,159 535,782

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.

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 25 July 2024 and were signed by:





J Parisella - Designated member

TERM TIME PROPERTIES LLP (REGISTERED NUMBER: OC350016)

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

1. STATUTORY INFORMATION

Term Time Properties 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.

Turnover
Turnover represents rental income, excluding VAT.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 491,955 30,500 78,306 600,761
Additions - - 31,499 31,499
At 30 November 2023 491,955 30,500 109,805 632,260
DEPRECIATION
At 1 December 2022 - 18,997 38,708 57,705
Charge for year - 1,725 17,774 19,499
At 30 November 2023 - 20,722 56,482 77,204
NET BOOK VALUE
At 30 November 2023 491,955 9,778 53,323 555,056
At 30 November 2022 491,955 11,503 39,598 543,056

'Investment properties' have been valued as at 30 November 2020 by the members of the LLP. The valuation is considered to be the current market value for the investment properties concerned taking into account the current rental status of the properties and the income arising.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 5 5

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,001 2,021
Accruals and deferred income 4,167 4,167
Accrued expenses 1,584 1,584
6,752 7,772

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

TERM TIME PROPERTIES LLP (REGISTERED NUMBER: OC350016)

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

8. RELATED PARTY DISCLOSURES

During the year under review the LLP was controlled by its designated members, Mr J Parisella and Mrs C Parisella.