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REGISTERED NUMBER: OC437229 (England and Wales)















TUFNELL PARK STORES LLP

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






TUFNELL PARK STORES LLP (REGISTERED NUMBER: OC437229)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


TUFNELL PARK STORES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DESIGNATED MEMBERS: Ms A S L Goodman
Ms D McGinnis





REGISTERED OFFICE: 10 Campdale Road
London
N7 0EA





REGISTERED NUMBER: OC437229 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

TUFNELL PARK STORES LLP (REGISTERED NUMBER: OC437229)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MAY 2024

The members present their report with the financial statements of the LLP for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of

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

Ms A S L Goodman
Ms D McGinnis

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £2,638 (2023 - £190 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Ms D McGinnis - Designated member


20 November 2024

TUFNELL PARK STORES LLP (REGISTERED NUMBER: OC437229)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MAY 2024

2024 2023
Notes £    £   

TURNOVER 219,549 176,329

Cost of sales 133,276 124,294
GROSS PROFIT 86,273 52,035

Administrative expenses 82,450 52,824
3,823 (789 )

Other operating income 1,509 1,325
OPERATING PROFIT 4 5,332 536

Interest receivable and similar income 1 1
5,333 537

Interest payable and similar expenses 2,695 347
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




2,638




190

TUFNELL PARK STORES LLP (REGISTERED NUMBER: OC437229)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,303 2,696

CURRENT ASSETS
Stocks 5,562 3,455
Debtors 6 10,182 10,457
Cash at bank 15 505
15,759 14,417
CREDITORS
Amounts falling due within one year 7 17,562 15,613
NET CURRENT LIABILITIES (1,803 ) (1,196 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

500

1,500

CREDITORS
Amounts falling due after more than one
year

8

500

1,500
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 6 (9,492 ) (9,949 )

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 31 May 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.

TUFNELL PARK STORES LLP (REGISTERED NUMBER: OC437229)

BALANCE SHEET - continued
31 MAY 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 20 November 2024 and were signed by:




Ms D McGinnis - Designated member




Ms A S L Goodman - Designated member


TUFNELL PARK STORES LLP (REGISTERED NUMBER: OC437229)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Tufnell Park Stores 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - 1 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 767 899

TUFNELL PARK STORES LLP (REGISTERED NUMBER: OC437229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 4,333
Additions 374
At 31 May 2024 4,707
DEPRECIATION
At 1 June 2023 1,637
Charge for year 767
At 31 May 2024 2,404
NET BOOK VALUE
At 31 May 2024 2,303
At 31 May 2023 2,696

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 690 508
Other debtors 9,492 9,949
10,182 10,457

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,538 1,854
Trade creditors 10,397 10,619
Taxation and social security 667 2,090
Other creditors 3,960 1,050
17,562 15,613

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 500 1,500