REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 22 MAY 2023 TO 31 MARCH 2024 |
FOR |
TEDDINGTON PROPERTY GROUP LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
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 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
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". |