IRIS Accounts Production v24.2.0.383 OC447418 designated member 22.5.23 31.3.24 31.3.24 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4474182023-05-21OC4474182024-03-31OC4474182023-05-222024-03-31OC4474182023-05-21OC447418ns15:EnglandWales2023-05-222024-03-31OC447418ns14:PoundSterling2023-05-222024-03-31OC447418ns10:PartnerLLP12023-05-222024-03-31OC447418ns10:LimitedLiabilityPartnershipLLP2023-05-222024-03-31OC447418ns10:SmallEntities2023-05-222024-03-31OC447418ns10:AuditExempt-NoAccountantsReport2023-05-222024-03-31OC447418ns10:SmallCompaniesRegimeForAccounts2023-05-222024-03-31OC447418ns10:LimitedLiabilityPartnershipsSORP2023-05-222024-03-31OC447418ns10:FullAccounts2023-05-222024-03-31OC447418ns10:PartnerLLP22023-05-222024-03-31OC447418ns10:RegisteredOffice2023-05-222024-03-31OC447418ns5:CurrentFinancialInstruments2024-03-31OC447418ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31OC447418ns5:CurrentFinancialInstruments2023-05-222024-03-31
REGISTERED NUMBER: OC447418 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 22 MAY 2023 TO 31 MARCH 2024

FOR

TEDDINGTON PROPERTY GROUP LLP

TEDDINGTON PROPERTY GROUP LLP (REGISTERED NUMBER: OC447418)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 22 May 2023 to 31 March 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TEDDINGTON PROPERTY GROUP LLP

GENERAL INFORMATION
for the Period 22 May 2023 to 31 March 2024







DESIGNATED MEMBERS: V Barber
Mrs L S Lawless





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: OC447418 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

TEDDINGTON PROPERTY GROUP LLP (REGISTERED NUMBER: OC447418)

STATEMENT OF FINANCIAL POSITION
31 March 2024

Notes £    £   
FIXED ASSETS
Investment property 4 3,600,000

CURRENT ASSETS
Debtors 5 9,847
Cash at bank 44,144
53,991
CREDITORS
Amounts falling due within one year 6 1,800
NET CURRENT ASSETS 52,191
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,652,191

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

3,652,191

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 3,652,191

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 period ended 31 March 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.

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 12 December 2024 and were signed by:



V Barber - Designated member

TEDDINGTON PROPERTY GROUP LLP (REGISTERED NUMBER: OC447418)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 22 May 2023 to 31 March 2024

1. STATUTORY INFORMATION

Teddington Property Group 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficits arising from changes in fair value is recognised in profit or loss.

This is a departure from the Companies Act which requires assets to be depreciated. However, in the opinion of the directors, property is held primarily for their investment potential and so fair value is of more significance as a measure of consumption. They therefore have applied a true and fair override with respect to investment properties.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 3,600,000
At 31 March 2024 3,600,000
NET BOOK VALUE
At 31 March 2024 3,600,000

The members believe there are no material difference between the fair value of the properties and the value in the financial statements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 9,847

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 1,800

Included in creditors due within one year are accrued expenses of £1,800.

TEDDINGTON PROPERTY GROUP LLP (REGISTERED NUMBER: OC447418)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 22 May 2023 to 31 March 2024

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, the loans and other debts due to members will rank equally with unsecured creditors.

There are no restrictions on the ability of the members to reduce the amount of "Members' other interests".