Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC338779 Quattro Holdings Ltd. Cappagh Investments Limited H & G Car Parks Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC338779 2023-03-31 OC338779 2024-03-31 OC338779 2023-04-01 2024-03-31 OC338779 frs-core:CurrentFinancialInstruments 2024-03-31 OC338779 frs-core:Non-currentFinancialInstruments 2024-03-31 OC338779 frs-core:PlantMachinery 2024-03-31 OC338779 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC338779 frs-core:PlantMachinery 2023-03-31 OC338779 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC338779 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC338779 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC338779 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC338779 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC338779 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC338779 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC338779 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC338779 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC338779 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC338779 2022-03-31 OC338779 2023-03-31 OC338779 2022-04-01 2023-03-31 OC338779 frs-core:CurrentFinancialInstruments 2023-03-31 OC338779 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC338779
Thorney Lane LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Price Mann Limited
Chartered Certified Accountants
Magnolia House, Spring Villa
11 Spring Villa Road
Edgware
HA8 7EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC338779
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 54,585,334 53,190,293
54,585,334 53,190,293
CURRENT ASSETS
Debtors 6 36,638 35,106
Cash at bank and in hand 72,433 842,695
109,071 877,801
Creditors: Amounts Falling Due Within One Year 7 (1,775,951 ) (2,612,116 )
NET CURRENT ASSETS (LIABILITIES) (1,666,880 ) (1,734,315 )
TOTAL ASSETS LESS CURRENT LIABILITIES 52,918,454 51,455,978
Creditors: Amounts Falling Due After More Than One Year 8 (17,375,000 ) (17,875,000 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 35,543,454 33,580,978
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 1,893,209 860,733
1,893,209 860,733
Equity
Members' other interests
Other reserves 33,650,245 32,720,245
33,650,245 32,720,245
35,543,454 33,580,978
...CONTINUED
Page 1
Page 2
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 1,893,209 860,733
Members' other interests 33,650,245 32,720,245
35,543,454 33,580,978
For the year 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
Quattro Holdings Ltd.
Designated Member
Cappagh Investments Limited
Designated Member
H & G Car Parks Limited
Designated Member
6 September 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
Thorney Lane LLP is a limited liability partnership, incorporated in England & Wales, registered number OC338779 . The Registered Office is Thorney Business Park, Thorney Lane North, Iver, Buckinghamshire, SL0 9HF.
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 represents amounts receivable for rental and other income , net of Vat .
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% per annum straight line basis
2.4. 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 theprofit or loss.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 5,500
As at 31 March 2024 5,500
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 5,500
As at 31 March 2024 5,500
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 53,190,293
Additions 1,395,041
As at 31 March 2024 54,585,334
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,880 2,880
Other debtors 33,758 32,226
36,638 35,106
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 89,378 180,878
Bank loans and overdrafts 500,000 500,000
Other creditors 1,104,440 1,873,979
Taxation and social security 82,133 57,259
1,775,951 2,612,116
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,375,000 17,875,000
The bank loans are secured by a legal charge over the Limited Liability Partnership's freehold land and property ,and a fixed and floating charge over the assets of the LLP.
Page 4