Company No:
Contents
Note | 31.05.2024 | |
£ | ||
Fixed assets | ||
Investment property | 3 |
|
2,483,151 | ||
Current assets | ||
Debtors | 4 |
|
Cash at bank and in hand |
|
|
137,860 | ||
Creditors: amounts falling due within one year | 5 | (
|
Net current assets | 73,617 | |
Total assets less current liabilities | 2,556,768 | |
Creditors: amounts falling due after more than one year | 6 | (
|
Net assets attributable to members |
|
|
Represented by | ||
Members' other interests | ||
Members' capital classified as equity | 2,255,000 | |
Other reserves | 51,268 | |
2,306,268 | ||
2,306,268 | ||
Total members' interests | ||
Members' other interests | 2,306,268 | |
2,306,268 |
Members' responsibilities:
The financial statements of TRSN LLP (registered number:
W L Kinneir
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
TRSN 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 C/O Bishop Fleming Llp, 10 Temple Back, Bristol, BS1 6FL, 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 £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.
Period from 24.05.2023 to 31.05.2024 |
|
Number | |
Monthly average number of persons employed by the LLP during the period |
|
Investment property | |
£ | |
Valuation | |
As at 24 May 2023 |
|
Additions | 2,483,151 |
As at 31 May 2024 |
|
Historic cost
If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:
31.05.2024 | |
£ | |
Historic cost | 2,483,151 |
31.05.2024 | |
£ | |
Other debtors |
|
31.05.2024 | |
£ | |
Bank loans |
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Trade creditors |
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Accruals |
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Other creditors |
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|
31.05.2024 | |
£ | |
Bank loans (secured) |
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