Registered No. OC432254 (England and Wales)
Targa Ventures LLP
Unaudited accounts
for the year ended 31 March 2024
Targa Ventures LLP
LLP Information
for the year ended 31 March 2024
Designated members
Mr Linford Haggie
Registered Number
OC432254 (England and Wales)
Registered Office
15 Little Portland Street
London
W1W 8BW
Accountants
Accountancy Response
98a Goldhawk Road
London
W12 8HD
Targa Ventures LLP
Accountants' report
Accountants' report to the members of Targa Ventures LLP on the preparation of the unaudited statutory financial statements for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of
Targa Ventures LLP for the year ended
31 March 2024 as set out on pages
4 -
5 from the LLP's accounting records and from information and explanations you have given us.
This report is made solely to the members of Targa Ventures LLP, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Targa Ventures LLP and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Targa Ventures LLP and its members as a body for our work or for this report.
It is your duty to ensure that Targa Ventures LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Targa Ventures LLP. You consider that Targa Ventures LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Targa Ventures LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Accountancy Response
98a Goldhawk Road
London
W12 8HD
28 January 2025
Targa Ventures LLP
Statement of financial position
as at 31 March 2024
Investments
648,854
648,854
Cash at bank and in hand
10,066
3,243
Creditors: amounts falling due within one year
(850)
(75,162)
Net current assets
274,798
217,663
Total assets less current liabilities
923,652
866,517
Creditors: amounts falling due after more than one year
(87,000)
(87,000)
Net assets attributable to members
836,652
779,517
Loans and other debts due to members
511,000
521,000
Other reserves
325,652
258,517
Loans and other debts due to members
511,000
521,000
Members' other interests
325,652
258,517
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 28 January 2025.
Mr Linford Haggie
Designated member
Limited Liability Partnership Registration No. OC432254
Targa Ventures LLP
Notes to the Accounts
for the year ended 31 March 2024
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Targa Ventures LLP is a limited liability partnership, incorporated in England and Wales, registration number OC432254. Its registered office is 15 Little Portland Street, London, W1W 8BW.
3
Investments
Other investments
4
Creditors: amounts falling due within one year
2024
2023
5
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
87,000
87,000
6
Loans and other debts due to members
2024
2023
Loans from members
570,000
570,000
Amounts due to members in respect of profits
(59,000)
(49,000)
Amounts falling due within one year
511,000
521,000
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).