1 April 2023 false No description of principal activity Taxfiler 2024.6 OC432254business:LimitedLiabilityPartnershipLLP2023-04-012024-03-31 OC4322542023-03-31 OC4322542023-04-012024-03-31 OC432254business:AuditExemptWithAccountantsReport2023-04-012024-03-31 OC432254business:FullAccounts2023-04-012024-03-31 OC4322542024-03-31 OC432254business:PartnerLLP12023-04-012024-03-31 OC432254business:PartnerLLP22023-04-012024-03-31 OC432254business:RegisteredOffice2023-04-012024-03-31 OC4322542023-03-31 OC432254core:WithinOneYear2024-03-31 OC432254core:WithinOneYear2023-03-31 OC432254core:AfterOneYear2024-03-31 OC432254core:AfterOneYear2023-03-31 OC432254core:RetainedEarningsAccumulatedLosses2024-03-31 OC432254core:RetainedEarningsAccumulatedLosses2023-03-31 OC432254business:SmallEntities2023-04-012024-03-31 OC432254countries:EnglandWales2023-04-012024-03-31 OC4322542022-04-012023-03-31 iso4217:GBP xbrli:pure
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
Miss Isabella Mann
Registered Number
OC432254 (England and Wales)
Registered Office
15 Little Portland Street London W1W 8BW
Accountants
Accountancy Response 98a Goldhawk Road London W12 8HD
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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
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Targa Ventures LLP Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
648,854 
648,854 
Current assets
Debtors
265,582 
289,582 
Cash at bank and in hand
10,066 
3,243 
275,648 
292,825 
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 
Represented by:
Loans and other debts due to members
511,000 
521,000 
Members' other interests
Other reserves
325,652 
258,517 
836,652 
779,517 
Total members' interests
Loans and other debts due to members
511,000 
521,000 
Members' other interests
325,652 
258,517 
836,652 
779,517 
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
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Targa Ventures LLP Notes to the Accounts for the year ended 31 March 2024
1
Accounting policies
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
2
Statutory information
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 
Cost
£ 
At 1 April 2023
648,854 
At 31 March 2024
648,854 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
1,800 
Other creditors
- 
(238)
Accruals
850 
- 
Deferred income
- 
73,600 
850 
75,162 
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)
511,000 
521,000 
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).
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