IRIS Accounts Production v24.2.0.383 OC330953 designated member 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3309532023-03-31OC3309532024-03-31OC3309532023-04-012024-03-31OC3309532022-03-31OC3309532022-04-012023-03-31OC3309532023-03-31OC330953ns15:EnglandWales2023-04-012024-03-31OC330953ns14:PoundSterling2023-04-012024-03-31OC330953ns10:PartnerLLP12023-04-012024-03-31OC330953ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC330953ns10:SmallEntities2023-04-012024-03-31OC330953ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC330953ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC330953ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC330953ns10:FullAccounts2023-04-012024-03-31OC330953ns10:PartnerLLP22023-04-012024-03-31OC330953ns10:RegisteredOffice2023-04-012024-03-31OC330953ns5:CurrentFinancialInstruments2024-03-31OC330953ns5:CurrentFinancialInstruments2023-03-31OC330953ns5:PlantMachinery2023-04-012024-03-31OC330953ns5:PlantMachinery2023-03-31OC330953ns5:PlantMachinery2024-03-31OC330953ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC330953ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: OC330953 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TOWERHOUSE LLP

TOWERHOUSE LLP (REGISTERED NUMBER: OC330953)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TOWERHOUSE LLP

GENERAL INFORMATION
for the Year Ended 31 MARCH 2024







DESIGNATED MEMBERS: R P C Hubbard
P C Brisby





REGISTERED OFFICE: 10 Fitzroy Square
London
W1T 5HP





REGISTERED NUMBER: OC330953 (England and Wales)





ACCOUNTANTS: Underwood Barron LLP
Monks Brook House
13 - 17 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

TOWERHOUSE LLP (REGISTERED NUMBER: OC330953)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,129 -

CURRENT ASSETS
Debtors 5 619,115 1,041,677
Cash at bank 923,448 1,380,448
1,542,563 2,422,125
CREDITORS
Amounts falling due within one year 6 331,090 847,705
NET CURRENT ASSETS 1,211,473 1,574,420
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,213,602

1,574,420

LOANS AND OTHER DEBTS DUE TO
MEMBERS

1,213,602

1,574,420

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 1,213,602 1,574,420

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 31 March 2024.

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 24 September 2024 and were signed by:





R P C Hubbard - Designated member

TOWERHOUSE LLP (REGISTERED NUMBER: OC330953)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Towerhouse 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 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.
Computer equipment etc - 33% on cost, 25% on reducing balance and 15% on cost

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
etc
£   
COST
At 1 April 2023 14,552
Additions 2,959
At 31 March 2024 17,511
DEPRECIATION
At 1 April 2023 14,552
Charge for year 830
At 31 March 2024 15,382
NET BOOK VALUE
At 31 March 2024 2,129

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 579,100 814,743
Amounts recoverable on contract 6,053 215,384
Other debtors 33,962 11,550
619,115 1,041,677

TOWERHOUSE LLP (REGISTERED NUMBER: OC330953)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 47,736 474,717
Taxation and social security 144,587 177,311
Other creditors 138,767 195,677
331,090 847,705