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REGISTERED NUMBER: OC436917 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

TOWER HILL KIA LLP

TOWER HILL KIA LLP (REGISTERED NUMBER: OC436917)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOWER HILL KIA LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DESIGNATED MEMBERS: Mr L Gilmour
Mr B Gilmour
Mrs A Gilmour





REGISTERED OFFICE: Tower Hill Garage
Tower Hill
Chipperfield
Kings Langley
Hertfordshire
WD4 9LR





REGISTERED NUMBER: OC436917 (England and Wales)





ACCOUNTANTS: Gowers Limited
The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ

TOWER HILL KIA LLP (REGISTERED NUMBER: OC436917)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,122,591 1,103,484

CURRENT ASSETS
Stocks 871,892 781,757
Debtors 5 176,053 256,355
Prepayments and accrued income 49,222 47,691
Cash at bank and in hand 742,082 1,306,418
1,839,249 2,392,221
CREDITORS
Amounts falling due within one year 6 (1,115,476 ) (925,244 )
NET CURRENT ASSETS 723,773 1,466,977
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,846,364

2,570,461

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

1,846,364

2,570,461

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 1,846,364 2,570,461

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 30th 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.

TOWER HILL KIA LLP (REGISTERED NUMBER: OC436917)

BALANCE SHEET - continued
30TH 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 24th January 2025 and were signed by:




Mr L Gilmour - Designated member




Mr B Gilmour - Designated member


TOWER HILL KIA LLP (REGISTERED NUMBER: OC436917)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Tower Hill Kia 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.
Land and buildings - not provided
Plant and machinery etc - 15% on reducing balance and 10% on reducing balance

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

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 16 (2023 - 15 ) .

TOWER HILL KIA LLP (REGISTERED NUMBER: OC436917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2023 942,494 182,533 1,125,027
Additions - 46,000 46,000
Disposals - (4,721 ) (4,721 )
At 30th April 2024 942,494 223,812 1,166,306
DEPRECIATION
At 1st May 2023 - 21,543 21,543
Charge for year - 22,961 22,961
Eliminated on disposal - (789 ) (789 )
At 30th April 2024 - 43,715 43,715
NET BOOK VALUE
At 30th April 2024 942,494 180,097 1,122,591
At 30th April 2023 942,494 160,990 1,103,484

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 168,590 219,145
Other debtors 7,463 37,210
176,053 256,355

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 917,470 721,292
Taxation and social security 105,479 151,659
Other creditors 92,527 52,293
1,115,476 925,244

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' rank equally with debts due to other creditors in a winding up.