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REGISTERED NUMBER: OC430862 (England and Wales)















T And A Property Management LLP

Unaudited Financial Statements

for the Period 1 March 2023 to 31 March 2024






T And A Property Management LLP (Registered number: OC430862)






Contents of the Financial Statements
for the Period 1 March 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T And A Property Management LLP

General Information
for the Period 1 March 2023 to 31 March 2024







DESIGNATED MEMBERS: G Watkins
Mrs J E Watkins





REGISTERED OFFICE: Villa Segan
Tregarn Road
Langstone
Newport
NP18 2JS





REGISTERED NUMBER: OC430862 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

T And A Property Management LLP (Registered number: OC430862)

Balance Sheet
31 March 2024

31.3.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 5,439
Investments 5 2,846,500 2,846,500
2,846,500 2,851,939

CURRENT ASSETS
Debtors 6 57,615 42,107
Cash at bank 311 -
57,926 42,107
CREDITORS
Amounts falling due within one year 7 960 1,200
NET CURRENT ASSETS 56,966 40,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,903,466

2,892,846

CREDITORS
Amounts falling due after more than one year 8 2,230,000 2,230,000
NET ASSETS ATTRIBUTABLE TO MEMBERS 673,466 662,846

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

673,466

662,846

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 673,466 662,846

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.

T And A Property Management LLP (Registered number: OC430862)

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 5 February 2025 and were signed by:




G Watkins - Designated member




Mrs J E Watkins - Designated member


T And A Property Management LLP (Registered number: OC430862)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 March 2024

1. STATUTORY INFORMATION

T And A Property Management LLP is registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 10,794
Disposals (10,794 )
At 31 March 2024 -
DEPRECIATION
At 1 March 2023 5,355
Eliminated on disposal (5,355 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 28 February 2023 5,439

T And A Property Management LLP (Registered number: OC430862)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 March 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 31 March 2024 2,846,500
NET BOOK VALUE
At 31 March 2024 2,846,500
At 28 February 2023 2,846,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 28.2.23
£    £   
Amounts owed by group undertakings 57,615 42,107

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 28.2.23
£    £   
Other creditors 960 1,200

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 28.2.23
£    £   
Other creditors 2,230,000 2,230,000

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members (other than members' capital classified as debt rank after other creditors.

10. RELATED PARTY DISCLOSURES

Included in other creditors is a loan for £2,230,000, owed to the children of the designated members which accrues interest at 5%. There is no repayment terms agreed for this loan.

On 21 February 2023 the investment properties were transferred to T And A Holco Limited, a company owned by the LLP.