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REGISTERED NUMBER: OC374321 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

Tomorrow Partners LLP

Tomorrow Partners LLP (Registered number: OC374321)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tomorrow Partners LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: N S Thomson
J Rowland





REGISTERED OFFICE: 1 Duchess Street
London
W1W 6AN





REGISTERED NUMBER: OC374321 (England and Wales)





AUDITORS: Arnold Hill & Co LLP
6th Floor
Capital Tower
91 Waterloo Road
London
SE1 8RT

Tomorrow Partners LLP (Registered number: OC374321)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,621 10,050

CURRENT ASSETS
Debtors 5 836,250 1,097,482
Cash at bank 1,766,076 1,742,430
2,602,326 2,839,912
CREDITORS
Amounts falling due within one year 6 (283,367 ) (199,365 )
NET CURRENT ASSETS 2,318,959 2,640,547
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,327,580 2,650,597

LOANS AND OTHER DEBTS DUE TO MEMBERS 2,192,580 2,515,597

MEMBERS' OTHER INTERESTS
Capital accounts 135,000 135,000
2,327,580 2,650,597

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 2,192,580 2,515,597
Members' other interests 135,000 135,000
2,327,580 2,650,597

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 16 June 2025 and were signed by:





N S Thomson - Designated member

Tomorrow Partners LLP (Registered number: OC374321)

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


1. STATUTORY INFORMATION

Tomorrow Partners 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.

Going concern
The business has a strong track record of deal completion and a healthy pipeline of business for the forthcoming twelve months. It has also generated significant cash and net assets. It is therefore considered appropriate to adopt the going concern assumption in preparing these accounts. In coming to this conclusion, the members have considered that the LLP has significant resources at its disposal.

Significant judgements and estimates
The preparation of the financial statements in compliance with FRS 102 requires the use of accounting estimates and requires management to exercise judgement in applying the LLP's accounting policies. There are no areas of management judgement which have had a significant effect on amounts recognised in the financial statements, details in respect of estimates are included within turnover note.

Turnover
Turnover represents amounts chargeable to clients for professional services provided during the year, incurred on client assignments but excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract.

Turnover is not recognised where the right to receive payment is contingent on events outside the control of the LLP.

Unbilled revenue is included in debtors within accrued income.

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 - 15% on reducing balance
Computer equipment - 15% on reducing balance

Tomorrow Partners LLP (Registered number: OC374321)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The Partnership has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102, in full, to all of its financial instruments.

Financial assets and financial liabilities are recognised when the Partnership becomes a party to the contractual provisions of the instrument, and are offset only when the Partnership currently has a legally enforceable right to set off the recognised amounts and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Bank overdrafts are shown within borrowings under current liabilities.

Trade and other debtors
Trade and other debtors (including accrued income) which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.

Where the arrangement with a debtor constitutes a financing transaction, the debtor is initially measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument and subsequently measured at amortised cost.

A provision for impairment of trade debtors is established when there is objective evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss for the excess of the carrying value of the trade debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in profit or loss.

Financial liablities and equity
Financial instruments are classified as liabilities and equity instruments 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 Partnership after deducting all of its liabilities.

Equity instruments
Financial instruments classified as equity instruments are recorded at the fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments.

Trade and other creditors
Trade and other creditors (including accruals) payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Where the arrangement with a creditor constitutes a financing transaction, the creditor is initially measured at the present value of future payments discounted at a market rate of interest for a similar instrument and subsequently measured at amortised cost.

Derecognition of financial assets and liabilities
A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

Tomorrow Partners LLP (Registered number: OC374321)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Member's participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS102 (IAS 32) Financial Instruments: Disclosure and Presentation and UITF abstract 39 Members' shares in co-operative entities and similar instruments. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the period end, they are shown as liabilities in the Balance Sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Profit and Loss Account and are equity appropriations in the Balance Sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'.

Taxation
The taxation payable on the partnership profits is the liability of the members, therefore neither partnership taxation nor related deferred taxation are accounted for in the financial statements.

Interest income
Interest income is recognised on accruals basis.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2024 - 3 ) .

Tomorrow Partners LLP (Registered number: OC374321)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024 16,569 18,551 35,120
Additions - 92 92
At 31 March 2025 16,569 18,643 35,212
DEPRECIATION
At 1 April 2024 12,409 12,661 25,070
Charge for year 624 897 1,521
At 31 March 2025 13,033 13,558 26,591
NET BOOK VALUE
At 31 March 2025 3,536 5,085 8,621
At 31 March 2024 4,160 5,890 10,050

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 282,066 448,000
Other debtors 554,184 649,482
836,250 1,097,482

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 19,212 -
Taxation and social security 60,917 67,975
Other creditors 203,238 131,390
283,367 199,365

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 56,206 56,206
Between one and five years 56,206 56,206
In more than five years 23,420 79,626
135,832 192,038

Tomorrow Partners LLP (Registered number: OC374321)

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


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Bobby Gurdep Bhogal ACA ACCA ATT (Senior Statutory Auditor)
for and on behalf of Arnold Hill & Co LLP

9. ULTIMATE CONTROLLING PARTY

The LLP is controlled by its designated members.