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Registered number: OC422693
Thorpe Dental Implant Centre LLP
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC422693
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 150,782 152,352
150,782 152,352
CURRENT ASSETS
Debtors 5 35,111 22,512
Cash at bank and in hand 167,795 148,840
202,906 171,352
Creditors: Amounts Falling Due Within One Year 6 (354,528 ) (257,033 )
NET CURRENT ASSETS (LIABILITIES) (151,622 ) (85,681 )
TOTAL ASSETS LESS CURRENT LIABILITIES (840 ) 66,671
Creditors: Amounts Falling Due After More Than One Year 7 (45,000 ) (90,000 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (45,840 ) (23,329 )
REPRESENTED BY:
Equity
Members' other interests
Other reserves (45,840) (23,329)
(45,840) (23,329)
TOTAL MEMBERS' INTEREST
Amounts due from members (35,111) (22,512)
Members' other interests (45,840) (23,329)
(80,951) (45,841)
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Page 2
For the year ending 31 October 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Kris Leeson
Designated Member
23/07/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Thorpe Dental Implant Centre LLP is a limited liability partnership, incorporated in England & Wales, registered number OC422693 . The Registered Office is 1 Oak Tree Close, Strensall, York, North Yorkshire, YO32 5TE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2023 1,627 188,812 190,439
Additions - 35,800 35,800
As at 31 October 2024 1,627 224,612 226,239
Depreciation
As at 1 November 2023 325 37,762 38,087
Provided during the period - 37,370 37,370
As at 31 October 2024 325 75,132 75,457
Net Book Value
As at 31 October 2024 1,302 149,480 150,782
As at 1 November 2023 1,302 151,050 152,352
5. Debtors
2024 2023
£ £
Due within one year
Amounts due from members 35,111 22,512
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 45,000 45,000
Trade creditors 23,314 26,443
Other creditors 286,214 185,590
354,528 257,033
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 45,000 90,000
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 45,000 45,000
Later than one year and not later than five years 45,000 90,000
90,000 135,000
90,000 135,000
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