Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
19,932 | 4,029 | |||
Current assets | ||||
Debtors | 4 |
|
|
|
Cash at bank and in hand |
|
|
||
24,182 | 14,437 | |||
Creditors: amounts falling due within one year | 5 | (
|
(
|
|
Net current liabilities | (45,842) | (11,768) | ||
Total assets less current liabilities | (25,910) | (7,739) | ||
Net liabilities attributable to members | (
|
(
|
||
Represented by | ||||
Members' other interests | ||||
Members' capital classified as equity | 24,829 | 9,894 | ||
Other reserves | (50,739) | (17,633) | ||
(25,910) | (7,739) | |||
(25,910) | (7,739) | |||
Total members' interests | ||||
Members' other interests | (25,910) | (7,739) | ||
(25,910) | (7,739) |
Members' responsibilities:
The financial statements of Thorne Barns LLP (registered number:
Mr N Hawke
Designated member |
Mrs Katherine Hawke
Designated member |
EQUITY Members' other interests |
Total members' interests | |||
---|---|---|---|---|
Members' capital (classified as equity) | Other reserves | Total | Total | |
£ | £ | £ | £ | |
Balance at 01 April 2022 | 0 | (221) | (221) | (221) |
Loss for the financial year available for discretionary division among members | 0 | (17,412) | (17,412) | (17,412) |
Members' interest after loss for the financial year | 0 | (17,633) | (17,633) | (17,633) |
Introduced by members | 9,894 | 0 | 9,894 | 9,894 |
Balance at 31 March 2023 | 9,894 | (17,633) | (7,739) | (7,739) |
Loss for the financial year available for discretionary division among members | 0 | (33,327) | (33,327) | (33,327) |
Members' interest after loss for the financial year | 9,894 | (50,960) | (41,066) | (41,066) |
Introduced by members | 34,445 | 0 | 34,445 | 34,445 |
Repayment of capital | (19,289) | 0 | (19,289) | (19,289) |
Transfers | (221) | 221 | 0 | 0 |
Balance at 31 March 2024 | 24,829 | (50,739) | (25,910) | (25,910) |
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Thorne Barns LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Goodwood House, Blackbrook Park Avenue , Taunton, TA1 2PX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The members have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The members note that the business has net liabilities. The LLP is supported through loans from the members. The members have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the members will continue to support the LLP. Given the current position, the members believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Land and buildings |
|
Plant and machinery |
|
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the LLP during the year |
|
|
Land and buildings | Plant and machinery | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 April 2023 |
|
|
|
||
Additions |
|
|
|
||
At 31 March 2024 |
|
|
|
||
Accumulated depreciation | |||||
At 01 April 2023 |
|
|
|
||
Charge for the financial year |
|
|
|
||
At 31 March 2024 |
|
|
|
||
Net book value | |||||
At 31 March 2024 |
|
|
|
||
At 31 March 2023 |
|
|
|
2024 | 2023 | ||
£ | £ | ||
Trade debtors |
|
|
|
Other debtors |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
Trade creditors |
|
|
|
Other creditors |
|
|
|
|
|