Registered No. OC430801 (England and Wales)
L & T PROPERTIES TA LLP
Unaudited accounts
for the year ended 31 March 2024
L & T PROPERTIES TA LLP
LLP Information
for the year ended 31 March 2024
Designated members
Mr J C Owen
Registered Number
OC430801 (England and Wales)
Registered Office
2 MEETING HOUSE LANE
BRIGHTON
BN1 1HB
ENGLAND
Accountants
D M Pettitt Accountancy Services
33 Bowmans Close
Steyning
West Sussex
BN44 3SR
L & T PROPERTIES TA LLP
Statement of financial position
as at 31 March 2024
Tangible assets
8,732
11,643
Investment property
1,765,000
1,644,867
Cash at bank and in hand
49,022
9,136
Creditors: amounts falling due within one year
(78,104)
(48,104)
Net current liabilities
(27,275)
(37,098)
Total assets less current liabilities
1,746,457
1,619,412
Creditors: amounts falling due after more than one year
(390,124)
(408,248)
Net assets attributable to members
1,356,333
1,211,164
Loans and other debts due to members
1,356,333
1,211,164
Loans and other debts due to members
1,356,333
1,211,164
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 30 September 2024.
Mr J C Owen
Designated member
Limited Liability Partnership Registration No. OC430801
L & T PROPERTIES TA LLP
Notes to the Accounts
for the year ended 31 March 2024
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight Line
L & T PROPERTIES TA LLP is a limited liability partnership, incorporated in England and Wales, registration number OC430801. Its registered office is 2 MEETING HOUSE LANE, BRIGHTON, BN1 1HB, ENGLAND.
3
Tangible fixed assets
Motor vehicles
Fair value at 1 April 2023
1,644,867
At 31 March 2024
1,765,000
L & T PROPERTIES TA LLP
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
19,629
19,629
Amounts owed to group undertakings and other participating interests
30,000
-
Deferred income
27,625
27,625
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
390,124
408,248
7
Loans and other debts due to members
2024
2023
Amounts due to members in respect of profits
1,356,333
1,211,164
Amounts falling due within one year
1,356,333
1,211,164
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).