REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 30 June 2024 |
for |
TYDUS PETERBOROUGH LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 30 June 2024 |
for |
TYDUS PETERBOROUGH LLP |
TYDUS PETERBOROUGH LLP (REGISTERED NUMBER: OC442630) |
Contents of the Financial Statements |
for the Year Ended 30 June 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Chartered Accountants' Report | 3 |
Income Statement | 4 |
Balance Sheet | 5 |
Reconciliation of Members' Interests | 6 |
Notes to the Financial Statements | 8 |
TYDUS PETERBOROUGH LLP |
General Information |
for the Year Ended 30 June 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
First Floor |
Spitalfields House |
Stirling Way |
Borehamwood |
Hertfordshire |
WD6 2FX |
TYDUS PETERBOROUGH LLP (REGISTERED NUMBER: OC442630) |
Report of the Members |
for the Year Ended 30 June 2024 |
The members present their report with the financial statements of the LLP for the year ended 30 June 2024. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of property management. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
Mrs S A Dickens ceased to be a member of the LLP from 18th October 2023. |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £47,243 (2023 - £7,573 profit). |
MEMBERS' INTERESTS |
Each member's subscription to the capital of the LLP is determined by their share of the profit and is repayable following retirement from the LLP. |
Details of changes in members' capital in the ended 30 June 2024 are set out in the Reconciliation of members' interests. |
Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares monthly during the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business. |
ON BEHALF OF THE MEMBERS: |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
Tydus Peterborough LLP |
In accordance with the engagement letter, we have prepared for your approval the financial information of Tydus Peterborough LLP for the year 30 June 2024 from the entity's accounting records and from information and explanations you have given us. |
You have approved the financial information for the year 30 June 2024 and have acknowledged your responsibility for it, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for its compilation. |
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 financial information. |
The financial information is provided exclusively to Tydus Peterborough LLP for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance. |
First Floor |
Spitalfields House |
Stirling Way |
Borehamwood |
Hertfordshire |
WD6 2FX |
TYDUS PETERBOROUGH LLP (REGISTERED NUMBER: OC442630) |
Income Statement |
for the Year Ended 30 June 2024 |
Period |
10.6.22 |
Year Ended | to |
30.6.24 | 30.6.23 |
£ | £ |
TURNOVER |
Administrative expenses | ( |
) | ( |
) |
OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
TYDUS PETERBOROUGH LLP (REGISTERED NUMBER: OC442630) |
Balance Sheet |
30 June 2024 |
30.6.24 | 30.6.23 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
54,816 |
7,573 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
54,816 |
7,573 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 54,816 | 7,573 |
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. |
The financial statements were approved by the members of the LLP and authorised for issue on |
TYDUS PETERBOROUGH LLP (REGISTERED NUMBER: OC442630) |
Reconciliation of Members' Interests |
for the Year Ended 30 June 2024 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 7,573 |
Amount due from members | - |
Balance at 1 July 2023 | - | 7,573 | 7,573 |
Profit for the financial year available for discretionary division among members |
47,243 |
- |
47,243 |
Members' interests after profit for the year |
47,243 |
7,573 |
54,816 |
Other divisions of profit | (47,243 | ) | 47,243 | - |
Amount due to members | 54,816 |
Amount due from members | - |
Balance at 30 June 2024 | - | 54,816 | 54,816 |
TYDUS PETERBOROUGH LLP (REGISTERED NUMBER: OC442630) |
Reconciliation of Members' Interests |
for the Year Ended 30 June 2024 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | - |
Amount due from members | - |
Balance at 10 June 2022 | - | - | - |
Profit for the financial year available for discretionary division among members |
7,573 |
- |
7,573 |
Members' interests after profit for the year |
7,573 |
- |
7,573 |
Other divisions of profit | (7,573 | ) | 7,573 | - |
Amount due to members | 7,573 |
Amount due from members | - |
Balance at 30 June 2023 | - | 7,573 | 7,573 |
TYDUS PETERBOROUGH LLP (REGISTERED NUMBER: OC442630) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
1. | STATUTORY INFORMATION |
Tydus Peterborough LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
In the application of the accounting policies, the member is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods. |
There are no significant judgements or estimates involved in the preparation of the financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
TYDUS PETERBOROUGH LLP (REGISTERED NUMBER: OC442630) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
The company has elected to apply the provisions of Schedule 1A of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Basic financial assets |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. |
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Basic financial liabilities |
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. |
Equity instruments |
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
TYDUS PETERBOROUGH LLP (REGISTERED NUMBER: OC442630) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Trade debtors |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Trade creditors |
Amounts owed to participating interests | 61,785 | 21,487 |
Taxation and social security |
Other creditors |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loan and other debts due to members rank equally with debts due to unsecured creditors in the event of winding up. |
7. | RELATED PARTY DISCLOSURES |
Included in creditors falling due within one year is an amount of £61,784 (2023: £21,487) due to a related company. |