Limited Liability Partnership registration number OC377536 (England and Wales)
TORNADO VENTILATION LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
TORNADO VENTILATION LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
Mr M J Rolph
Mr P J Rolph
Limited liability partnership number
OC377536
Registered office
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
National Westminster Bank Plc
Church Green House
Redditch
Worcestershire
B98 8DG
TORNADO VENTILATION LLP
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
TORNADO VENTILATION LLP
ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TORNADO VENTILATION LLP FOR THE YEAR ENDED 30 APRIL 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tornado Ventilation LLP for the year ended 30 April 2024 which comprise, the balance sheet and the related notes from the limited liability partnership’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the limited liability partnership's members of Tornado Ventilation 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 Tornado Ventilation LLP and state those matters that we have agreed to state to the limited liability partnership's members of Tornado Ventilation LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tornado Ventilation LLP and its members as a body, for our work or for this report.

It is your duty to ensure that Tornado Ventilation 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 profit of Tornado Ventilation LLP. You consider that Tornado Ventilation 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 Tornado Ventilation 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.

Ormerod Rutter Limited
23 January 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
TORNADO VENTILATION LLP
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
44,089
Current assets
Stocks
-
52,649
Debtors
4
29,081
25,586
Cash at bank and in hand
75
28,999
29,156
107,234
Creditors: amounts falling due within one year
5
(18,671)
(240,828)
Net current assets/(liabilities)
10,485
(133,594)
Total assets less current liabilities
10,485
(89,505)
Creditors: amounts falling due after more than one year
7
(10,410)
(21,336)
Net assets/(liabilities) attributable to members
75
(110,841)
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
75
(110,840)
Members' other interests
Other reserves classified as equity
-
(1)
75
(110,841)

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 30 April 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships' regime.

TORNADO VENTILATION LLP
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 3 -
The financial statements were approved by the members and authorised for issue on 23 January 2025 and are signed on their behalf by:
Mr M J Rolph
Designated member
Limited Liability Partnership registration number OC377536 (England and Wales)
TORNADO VENTILATION LLP
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
1
Accounting policies
Limited liability partnership information

Tornado Ventilation LLP is a limited liability partnership incorporated in England and Wales. The registered office is The Oakley, Kidderminster Road, Droitwich, Worcestershire, WR9 9AY.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

If, at the Balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the Balance sheet date are carried forward as work in progress.

1.3
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

 

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
5% on cost
Plant and machinery
25% on reducing balance
Fixtures and fittings
20% on reducing balance
Computer equipment
33% on cost
Motor vehicles
10% on reducing balance
2
Employees

The average number of persons (excluding members) employed by the partnership during the year was 4 (2023 - 4).

TORNADO VENTILATION LLP
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
3
Tangible fixed assets
Improvements to property
Plant and machinery
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 May 2023
5,583
72,963
9,494
1,894
44,866
134,800
Disposals
(5,583)
(72,963)
(9,494)
(1,894)
(44,866)
(134,800)
At 30 April 2024
-
-
-
-
-
-
Depreciation and impairment
At 1 May 2023
2,796
69,401
8,095
1,894
8,525
90,711
Depreciation charged in the year
276
1,222
356
-
4,032
5,886
Eliminated in respect of disposals
(3,072)
(70,623)
(8,451)
(1,894)
(12,557)
(96,597)
At 30 April 2024
-
-
-
-
-
-
Carrying amount
At 30 April 2024
-
-
-
-
-
-
At 30 April 2023
2,787
3,562
1,399
-
36,341
44,089
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1
(2,223)
Other debtors
29,080
27,809
29,081
25,586
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,927
10,657
Trade creditors
1
165,555
Taxation and social security
7,705
23,554
Other creditors
38
41,062
18,671
240,828
TORNADO VENTILATION LLP
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
6
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank loans
21,337
31,993
Bank loans are secured by way of a fixed and floating charge over all assets of the partnership.
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,410
21,336
8
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

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