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Registered Number: OC425571
England and Wales

 

 

 

TLM PURFLEET LLP



Abridged Accounts
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have compiled the financial statements of the LLP from the accounting records and information and explanations you have given to us.

This report is made solely to the members of the LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of the LLP and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members as a body for our work or for
this report.


It is your duty to ensure that the LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the LLP. You consider that the LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the LLP. For this reason, 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 statutory financial statements.



....................................................
66 PAH
8 Hill Street
London
W1J 5NG
16 July 2025
1
 
 
Notes
 
2025
£
  2024
£
Current assets      
Debtors 195,544    120,383 
Cash at bank and in hand 17,783,755    25,804,126 
17,979,299    25,924,509 
Creditors: amount falling due within one year (145,855)   (1,036,428)
Net current assets 17,833,444    24,888,081 
 
Total assets less current liabilities 17,833,444    24,888,081 
Creditors: amount falling due after more than one year (14,469,936)   (20,885,519)
Net assets 3,363,508    4,002,562 
 

Represented by:
Loans and other debts due to members 3,362,508    4,001,562 
Members' other interest
Members' capital 1,000    1,000 
1,000    1,000 

3,363,508    4,002,562 
 

Total members' interests
Loans and other debts due to members 3,362,508    4,001,562 
Members' other interests 1,000    1,000 
3,363,508    4,002,562 
 


For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.


The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:


.............................................................................
TLM Master LLP
Designated Member
Date approved by the members: 16 July 2025
2
General Information
TLM PURFLEET LLP is a limited liability partnership, registered in England and Wales, registration number OC425571, registration address 76 New Bond Street, London, W1S 1RX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The LLP sold the investment property in the previous period, therefore no longer receives rental and other income from tenants. The funds from the sale are being held as a deposit in a bank account with interest rates that are currently, and forecasted to remain, high. The loan rate at which the partnership borrowed, is both low and fixed resulting in interest receivable on the deposit being higher than interest payable on the loan. The Members do not expect there to be any significant change to the business in the near future, therefore the Members remain confident that the Partnership will continue as a going concern.
Turnover
Turnover represents the amounts receivable for property rental services. Turnover is recognised in the period to which the properties are rented, and is shown net of VAT.
Members' participating interests
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 FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.
2.

Average number of employees

Average number of employees during the year was 0 (2024 : 0).
3.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2025
£
 2024
£
 2025
£
 2024
£
TLM Dartford LLP153,903 

During the period, the LLP made an interest free loan repayable on demand of £153,903 to TLM Dartford LLP.
3