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Unaudited Financial Statements

for the Period 7 August 2023 to 31 March 2024

for

Tapestry International LLP

Tapestry International LLP (Registered number: SO307827)






Contents of the Financial Statements
for the Period 7 August 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tapestry International LLP

General Information
for the Period 7 August 2023 to 31 March 2024







DESIGNATED MEMBERS: A R McLaren
Mrs L C McLaren





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SO307827 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Tapestry International LLP (Registered number: SO307827)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,043,934

CURRENT ASSETS
Cash at bank 1,112

CREDITORS
Amounts falling due within one year 5 96,000
NET CURRENT LIABILITIES (94,888 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

949,046

CREDITORS
Amounts falling due after more than one year 6 808,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

141,046

LOANS AND OTHER DEBTS DUE TO
MEMBERS

141,046

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 141,046

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 period ended 31 March 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.

Tapestry International LLP (Registered number: SO307827)

Balance Sheet - continued
31 March 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 29 January 2025 and were signed by:





Mrs L C McLaren - Designated member

Tapestry International LLP (Registered number: SO307827)

Notes to the Financial Statements
for the Period 7 August 2023 to 31 March 2024

1. STATUTORY INFORMATION

Tapestry International LLP is registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 1,200,000
At 31 March 2024 1,200,000
DEPRECIATION
Charge for period 156,066
At 31 March 2024 156,066
NET BOOK VALUE
At 31 March 2024 1,043,934

Tapestry International LLP (Registered number: SO307827)

Notes to the Financial Statements - continued
for the Period 7 August 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 1,200,000
At 31 March 2024 1,200,000
DEPRECIATION
Charge for period 156,066
At 31 March 2024 156,066
NET BOOK VALUE
At 31 March 2024 1,043,934

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 96,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 808,000

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 424,000

7. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 904,000

Lombard hold charges over the company asset.