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REGISTERED NUMBER: OC353551 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Tomkinson Teal (Lichfield) LLP

Tomkinson Teal (Lichfield) LLP (Registered number: OC353551)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tomkinson Teal (Lichfield) LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: K A ONeill
S D Ault
C T Palmer





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: OC353551 (England and Wales)






Tomkinson Teal (Lichfield) LLP (Registered number: OC353551)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 4 200,400 237,800
Tangible assets 5 - -
200,400 237,800

CURRENT ASSETS
Stocks 168,108 50,852
Debtors 6 262,809 69,238
Cash at bank 45,446 67,925
476,363 188,015
CREDITORS
Amounts falling due within one year 7 (596,542 ) (264,565 )
NET CURRENT LIABILITIES (120,179 ) (76,550 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,221

161,250

CREDITORS
Amounts falling due after more than one year 8 (1,250 ) (11,250 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

78,971

150,000

Tomkinson Teal (Lichfield) LLP (Registered number: OC353551)

Balance Sheet - continued
31 March 2025

2025 2024
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

78,971

-

MEMBERS' OTHER INTERESTS
Capital accounts - 150,000
78,971 150,000

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 78,971 -
Members' other interests - 150,000
Amounts due from members 6 - (30,186 )
78,971 119,814

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 31 March 2025.

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 3 June 2025 and were signed by:




K A ONeill - Designated member




S D Ault - Designated member


Tomkinson Teal (Lichfield) LLP (Registered number: OC353551)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Tomkinson Teal (Lichfield) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011. Amortisation has been provided in the year, and is reviewed on an annual basis.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost

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 NIL (2024 - 7 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 374,000
AMORTISATION
At 1 April 2024 136,200
Charge for year 37,400
At 31 March 2025 173,600
NET BOOK VALUE
At 31 March 2025 200,400
At 31 March 2024 237,800

Tomkinson Teal (Lichfield) LLP (Registered number: OC353551)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 167,714
DEPRECIATION
At 1 April 2024
and 31 March 2025 167,714
NET BOOK VALUE
At 31 March 2025 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 239,515 22,002
Other debtors 23,294 47,236
262,809 69,238

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,417 10,417
Trade creditors 13,429 15,562
Amounts owed to participating interests 554,396 205,979
Taxation and social security - 20,219
Other creditors 18,300 12,388
596,542 264,565

Included in creditors is a balance of £554.396, (2024 - £205,979) due to Tomkinson Teal Limited, a company controlled by the Partners.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 1,250 11,250