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Registered Number: OC425070


 

 

 


Abridged Accounts

for the year ended 31 March 2024

for

TURNER AND PARTNERS LLP

Chartered Accountant's report to the Members on the preparation of the unaudited statutory accounts of Turner and Partners LLP for the year ended 31 March 2024


Accountant’s report to the members of Turner and Partners LLP LLP on the preparation of the unaudited statutory financial statements for the year ended 31 March 2024

To assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships 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 Turner and Partners LLP LLP which comprise the Profit and Loss Account, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Members of Turner and Partners LLP, as a body, in accordance with the terms of our engagement letter dated 19 February 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Turner and Partners LLP and state those matters that we have agreed to state to the members of Turner and Partners LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Turner and Partners LLP and its members as a body for our work or for this report.

It is your duty to ensure that Turner and Partners LLP 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 Turner and Partners LLP LLP. You consider that Turner and Partners LLP 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 Turner and Partners LLP 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.



....................................................
Turner and Partners LLP
24 James Street West
Bath
Somerset
BA1 2BT
19 February 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 240,000    240,000 
Tangible fixed assets 4 48,137    55,677 
288,137    295,677 
Current assets      
Debtors 40,967    80,415 
Cash at bank and in hand 20,352    10,852 
61,319    91,267 
Creditors: amount falling due within one year (52,160)   (77,426)
Net current assets 9,159    13,841 
 
Total assets less current liabilities 297,296    309,518 
Creditors: amount falling due after more than one year (296,894)   (312,232)
Net assets 402    (2,714)
 

Represented by:
Loans and other debts due to members 402   
Amounts due from members   (2,714)
Members' other interest
Other reserves  
 

402    (2,714)
 

Total members' interests
Amounts due from members   (2,714)
Loans and other debts due to members 402   
Members' other interests  
402    (2,714)
 


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 LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.


The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:


.............................................................................

Designated Member
Date approved by the members: 19 February 2025
2
General Information
Turner and Partners LLP is a limited liability partnership, registered in , registration number OC425070, registration address 18 Morris Lane, Bath, BA1 7PP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 10% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2023 240,000    240,000 
Additions  
Disposals  
At 31 March 2024 240,000    240,000 
Net book values
At 31 March 2024 240,000    240,000 
At 31 March 2023 240,000    240,000 


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2023 56,054    1,692    15,081    72,827 
Additions   1,366    2,132    3,498 
Disposals   (500)   (11,170)   (11,670)
At 31 March 2024 56,054    2,558    6,043    64,655 
Depreciation
At 01 April 2023 7,544    649    8,957    17,150 
Charge for year 4,851    574    912    6,337 
On disposals   (381)   (6,588)   (6,969)
At 31 March 2024 12,395    842    3,281    16,518 
Net book values
Closing balance as at 31 March 2024 43,659    1,716    2,762    48,137 
Opening balance as at 01 April 2023 48,510    1,043    6,124    55,677 


3