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REGISTERED NUMBER: OC338919 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

TTM PARTNERSHIP LLP

TTM PARTNERSHIP LLP (REGISTERED NUMBER: OC338919)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


TTM PARTNERSHIP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DESIGNATED MEMBERS: Mrs Z Smith
R N Smith
P F Smyth





REGISTERED OFFICE: Create Business Hub
5 Rayleigh Road
Shenfield
Brentwood
Essex
CM13 1AB





REGISTERED NUMBER: OC338919 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

TTM PARTNERSHIP LLP (REGISTERED NUMBER: OC338919)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The members present their report with the financial statements of the LLP for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of a hotel.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mrs Z Smith
R N Smith
P F Smyth

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £24,727 (2023 - £35,855 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





R N Smith - Designated member


17 March 2025

TTM PARTNERSHIP LLP (REGISTERED NUMBER: OC338919)

INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

TURNOVER 1,196,336 1,113,337

Cost of sales 105,246 80,960
GROSS PROFIT 1,091,090 1,032,377

Administrative expenses 912,212 876,403
OPERATING PROFIT 4 178,878 155,974

Interest receivable and similar income 3 -
178,881 155,974

Interest payable and similar expenses 154,154 120,119
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




24,727




35,855

TTM PARTNERSHIP LLP (REGISTERED NUMBER: OC338919)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,988,774 1,993,776

CURRENT ASSETS
Stocks 11,914 9,500
Debtors 6 382,035 310,911
Cash at bank and in hand 1,419 7,072
395,368 327,483
CREDITORS
Amounts falling due within one year 7 394,331 385,861
NET CURRENT ASSETS/(LIABILITIES) 1,037 (58,378 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,989,811

1,935,398

CREDITORS
Amounts falling due after more than one
year

8

1,154,410

1,082,090
NET ASSETS ATTRIBUTABLE TO
MEMBERS

835,401

853,308

TTM PARTNERSHIP LLP (REGISTERED NUMBER: OC338919)

BALANCE SHEET - continued
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

67,798

85,705

MEMBERS' OTHER INTERESTS
Capital accounts 965,733 965,733
Other reserves (198,130 ) (198,130 )
835,401 853,308

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 67,798 85,705
Members' other interests 767,603 767,603
Amounts due from members 6 (113,672 ) (97,314 )
721,729 755,994

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 year ended 30 September 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.

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

The financial statements were approved by the members of the LLP and authorised for issue on 17 March 2025 and were signed by:





R N Smith - Designated member

TTM PARTNERSHIP LLP (REGISTERED NUMBER: OC338919)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

TTM Partnership 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 as modified by the revaluation of certain assets.

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

Turnover represents net amounts charged in respect of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 26 (2023 - 27 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 59,321 52,636

TTM PARTNERSHIP LLP (REGISTERED NUMBER: OC338919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2023 1,500,360 1,120,206 83,509 2,704,075
Additions - 28,991 34,339 63,330
Disposals - - (67,509 ) (67,509 )
At 30 September 2024 1,500,360 1,149,197 50,339 2,699,896
DEPRECIATION
At 1 October 2023 - 637,004 73,295 710,299
Charge for year - 50,436 8,885 59,321
Eliminated on disposal - - (58,498 ) (58,498 )
At 30 September 2024 - 687,440 23,682 711,122
NET BOOK VALUE
At 30 September 2024 1,500,360 461,757 26,657 1,988,774
At 30 September 2023 1,500,360 483,202 10,214 1,993,776

Cost or valuation at 30 September 2024 is represented by:

Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
Valuation in 2015 161,505 - - 161,505
Valuation in 2018 73,000 - - 73,000
Valuation in 2021 417,511 - - 417,511
Cost 848,344 1,149,197 50,339 2,047,880
1,500,360 1,149,197 50,339 2,699,896

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,209 30,793
Amounts owed by group undertakings 75,063 27,713
Amounts due from members 113,672 97,314
Other debtors 1,000 2,000
Prepayments and accrued income 153,091 153,091
382,035 310,911

TTM PARTNERSHIP LLP (REGISTERED NUMBER: OC338919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,747 -
Hire purchase contracts 8,585 21,516
Trade creditors 49,113 57,474
Social security and other taxes 7,699 14,171
VAT 69,948 67,046
Other creditors 151,593 180,164
Net wages 25,362 -
Accruals and deferred income 58,284 45,490
394,331 385,861

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Atom loan 1,045,825 1,082,090
Hire purchase contracts 22,893 -
Other creditors 85,692 -
1,154,410 1,082,090

Amounts falling due in more than five years:

Repayable by instalments
Atom loan 1,045,825 1,082,090

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.