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REGISTERED NUMBER: OC325083 (England and Wales)
















Financial Statements

for the Year Ended 30 April 2024

for

Terrington Management LLP

Terrington Management LLP (Registered number: OC325083)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

General Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Terrington Management LLP

General Information
for the Year Ended 30 April 2024







DESIGNATED MEMBERS: Mrs C J Flynn-MacLeod
Brigadier J R Brittain





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: OC325083 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Terrington Management LLP

Report of the Accountants to the Members of
Terrington Management LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages one to thirteen and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






GCSD Accountants Limited


6 June 2024

Terrington Management LLP (Registered number: OC325083)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 407 543

CURRENT ASSETS
Debtors 5 26,764 21,174
Cash at bank 111,011 100,597
137,775 121,771
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

6,546

10,368
NET CURRENT ASSETS 131,229 111,403
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

131,636

111,946

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

131,536

111,846

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
131,636 111,946

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 131,536 111,846
Members' other interests 100 100
131,636 111,946

Terrington Management LLP (Registered number: OC325083)

Balance Sheet - continued
30 April 2024


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 30 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.

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 14 January 2025 and were signed by:




Mrs C J Flynn-MacLeod - Designated member




Brigadier J R Brittain - Designated member


Terrington Management LLP (Registered number: OC325083)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Terrington Management 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

Terrington Management LLP (Registered number: OC325083)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 1,640
DEPRECIATION
At 1 May 2023 1,097
Charge for year 136
At 30 April 2024 1,233
NET BOOK VALUE
At 30 April 2024 407
At 30 April 2023 543

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,800 12,366
Other debtors 17,964 8,808
26,764 21,174

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 370 2,942
Taxation and social security 4,304 4,163
Other creditors 1,872 3,263
6,546 10,368

Terrington Management LLP (Registered number: OC325083)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 131,536 111,846

Falling due within one year 131,536 111,846

The members rank pari passu with other unsecured creditors of the LLP.