Caseware UK (AP4) 2023.0.135 2023.0.135 62023-11-01falseThe principal activity of the LLP in the period under review was that of architects.6falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC369036 2023-11-01 2024-03-31 OC369036 2022-11-01 2023-10-31 OC369036 2024-03-31 OC369036 2023-10-31 OC369036 c:OfficeEquipment 2023-11-01 2024-03-31 OC369036 c:OfficeEquipment 2024-03-31 OC369036 c:OfficeEquipment 2023-10-31 OC369036 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-11-01 2024-03-31 OC369036 c:ComputerEquipment 2023-11-01 2024-03-31 OC369036 c:ComputerEquipment 2024-03-31 OC369036 c:ComputerEquipment 2023-10-31 OC369036 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-11-01 2024-03-31 OC369036 c:OwnedOrFreeholdAssets 2023-11-01 2024-03-31 OC369036 c:CurrentFinancialInstruments 2024-03-31 OC369036 c:CurrentFinancialInstruments 2023-10-31 OC369036 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC369036 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 OC369036 d:FRS102 2023-11-01 2024-03-31 OC369036 d:AuditExemptWithAccountantsReport 2023-11-01 2024-03-31 OC369036 d:FullAccounts 2023-11-01 2024-03-31 OC369036 d:LimitedLiabilityPartnershipLLP 2023-11-01 2024-03-31 OC369036 d:PartnerLLP1 2023-11-01 2024-03-31 OC369036 e:PoundSterling 2023-11-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC369036










Treme Design LLP








Unaudited

Financial statements

Information for filing with the registrar

For the period ended 31 March 2024

 
Treme Design LLP
 
  
Chartered accountants' report to the members on the preparation of the unaudited statutory financial statements of Treme Design LLP for the period ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), we have prepared for your approval the financial statements of Treme Design LLP for the period ended 31 March 2024 which comprise  the Balance sheet and the related notes from the LLP'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 members in accordance with the terms of our engagement letter dated 11 May 2022Our work has been undertaken solely to prepare for your approval the financial statements of Treme Design LLP and state those matters that we have agreed to state to the Treme Design LLP's members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Treme Design LLP and its members for our work or for this report. 

It is your duty to ensure that Treme Design 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 result of Treme Design LLP. You consider that Treme Design LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Treme Design 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.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
13 January 2025
Page 1

 
Treme Design LLP
Registered number: OC369036

Balance sheet
As at 31 March 2024

31 March
31 October
2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
4,051
5,941

  
4,051
5,941

Current assets
  

Debtors: amounts falling due within one year
 5 
297,000
266,908

Cash at bank and in hand
  
63,862
80,107

  
360,862
347,015

Creditors: amounts falling due within one year
 6 
(99,359)
(65,324)

Net current assets
  
 
 
261,503
 
 
281,691

Total assets less current liabilities
  
265,554
287,632

  

Net assets
  
265,554
287,632


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
265,554
287,632

  

  
265,554
287,632


Total members' interests
  

Loans and other debts due to members
 7 
265,554
287,632

  
265,554
287,632


Page 2

 
Treme Design LLP
Registered number: OC369036

Balance sheet (continued)
As at 31 March 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




................................................
T M Mellor
Designated member
Date: 13 January 2025

The notes on pages 5 to 8 form part of these financial statements.

Treme Design LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 3

 
Treme Design LLP
 

Reconciliation of members' interests
For the period ended 31 March 2024




DEBT
Loans and other debts due to members less any amounts due from members in debtors
Other amounts
Total

£
£

Members' remuneration charged as an expense
401,651
401,651

Members' interests after profit for the period
716,305
716,305

Drawings
(428,673)
(428,673)

Amounts due to members
 
287,632
287,632

Balance at 31 October 2023
287,634
287,634

Members' remuneration charged as an expense
 
200,105
200,105

Members' interests after profit for the period
487,739
487,739

Drawings
 
(222,185)
(222,185)

Amounts due to members
 
265,554
265,554

Balance at 31 March 2024 
265,554
265,554

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 4

 
Treme Design LLP
 

 
Notes to the financial statements
For the period ended 31 March 2024

1.


General information

Treme Design LLP is a Limited Liability Partnership incorproated in Engaland within the United Kingdom.  The LLP's registered office address is 4 Danesbury Park Road, Welwyn, AL6 9SE. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
Treme Design LLP
 

 
Notes to the financial statements
For the period ended 31 March 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
on cost
Computer equipment
-
33%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.

Page 6

 
Treme Design LLP
 

 
Notes to the financial statements
For the period ended 31 March 2024

3.


Employees

The average number of employees during the period was 6 (2023 - 6).


4.


Tangible fixed assets







Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2023
8,127
67,556
75,683



At 31 March 2024

8,127
67,556
75,683



Depreciation


At 1 November 2023
7,824
61,918
69,742


Charge for the period on owned assets
108
1,782
1,890



At 31 March 2024

7,932
63,700
71,632



Net book value



At 31 March 2024
195
3,856
4,051



At 31 October 2023
303
5,638
5,941

Page 7

 
Treme Design LLP
 

 
Notes to the financial statements
For the period ended 31 March 2024

5.


Debtors

31 March
31 October
2024
2023
£
£


Trade debtors
215,168
201,160

Other debtors
64,993
58,817

Prepayments and accrued income
16,839
6,931

297,000
266,908



6.


Creditors: Amounts falling due within one year

31 March
31 October
2024
2023
£
£

Trade creditors
3,896
5,045

Accruals and deferred income
4,738
3,190

Other taxation and social security
87,675
54,149

Other creditors
3,050
2,940

99,359
65,324



7.


Loans and other debts due to members


31 March
31 October
2024
2023
£
£



Other amounts due to members
265,554
287,632

265,554
287,632

The loans and debts due to members rank equally with ordinary creditors in the event of a winding up.



8.


Controlling party

The ultimate controlling party is the Members.


Page 8