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REGISTERED NUMBER: OC359600 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 5 April 2024

for

TAYSCREST LLP

TAYSCREST LLP (REGISTERED NUMBER: OC359600)

Contents of the Financial Statements
for the Year Ended 5 April 2024










Page

General Information 1

Report of the Members 2

Statement of Financial Position 3

Notes to the Financial Statements 5


TAYSCREST LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: W G S Hackney
D Koshal
Ms R Thakrar





REGISTERED OFFICE: The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP





REGISTERED NUMBER: OC359600 (England and Wales)





ACCOUNTANTS: Lees Chartered Accountants
The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP

TAYSCREST LLP (REGISTERED NUMBER: OC359600)

Report of the Members
for the Year Ended 5 April 2024


The members present their report with the financial statements of the LLP for the year ended 5 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of the licensing, development and
exploitation of know how and intellectual property, which is unchanged from the previous year.

DESIGNATED MEMBERS
The designated members during the year under review were:

W G S Hackney
D Koshal
Ms R Thakrar

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £600 (2023 - £540 loss).

MEMBERS' INTERESTS
Members' capital contributions are required to be contributed and advanced in cash.

Any member may borrow from the limited liability partnership's bankers up to 80% of their total capital contribution. Members do not have the right to the return of their capital contributions other than upon the termination or liquidation of the limited liability partnership.

Profits and losses are allocated between the members in the proportions that their respective capital contributions bear to the total of the capital contributions of all members.

Profits are distributed to the members at such time and in such amounts as the members may determine but no drawings are permitted which would leave the limited liability partnership insolvent or which in the opinion of the members might leave the limited liability partnership with insufficient funds to meet any of its future liabilities and obligations.

ON BEHALF OF THE MEMBERS:





W G S Hackney - Designated member


31 October 2024

TAYSCREST LLP (REGISTERED NUMBER: OC359600)

Statement of Financial Position
5 April 2024

5.4.24 5.4.23
Notes £    £   
CURRENT ASSETS
Debtors 411,387 410,787
Cash at bank 5,218 5,758
416,605 416,545
CREDITORS
Amounts falling due within one year 5 3,331 3,271
NET CURRENT ASSETS 413,274 413,274
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 413,274 413,274

LOANS AND OTHER DEBTS DUE TO
MEMBERS

1,535

1,535

MEMBERS' OTHER INTERESTS
Capital accounts 8,600,002 8,600,002
Other reserves (8,188,263 ) (8,188,263 )
413,274 413,274

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 1,535 1,535
Members' other interests 411,739 411,739
Amounts due from members (411,387 ) (410,787 )
1,887 2,487

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 5 April 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.

TAYSCREST LLP (REGISTERED NUMBER: OC359600)

Statement of Financial Position - continued
5 April 2024


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 31 October 2024 and were signed by:





W G S Hackney - Designated member

TAYSCREST LLP (REGISTERED NUMBER: OC359600)

Notes to the Financial Statements
for the Year Ended 5 April 2024


1. STATUTORY INFORMATION

Tayscrest 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible fixed assets and amortisation
Intangible fixed assets are stated at cost less amortisation. Amortisation is provided so as to fully write
down the assets' carrying value over the anticipated period of profitable exploitation under existing
arrangements.

Compliance with accounting standards
The financial statements are prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and the Statement of Recommended Practice Accounting by Limited Liability Partnerships published in 2010.

3. EMPLOYEE INFORMATION

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 6 April 2023
and 5 April 2024 26,651
AMORTISATION
At 6 April 2023
and 5 April 2024 26,651
NET BOOK VALUE
At 5 April 2024 -
At 5 April 2023 -

TAYSCREST LLP (REGISTERED NUMBER: OC359600)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade creditors 600 540
Other creditors 2,731 2,731
3,331 3,271