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REGISTERED NUMBER: OC396000 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TURNER INVESTMENT ASSETS LLP

TURNER INVESTMENT ASSETS LLP (REGISTERED NUMBER: OC396000)

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

Chartered Accountants' Report 6

TURNER INVESTMENT ASSETS LLP

GENERAL INFORMATION
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: Mrs S E Turner
D G Turner





REGISTERED OFFICE: Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH





REGISTERED NUMBER: OC396000 (England and Wales)





ACCOUNTANTS: BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH

TURNER INVESTMENT ASSETS LLP (REGISTERED NUMBER: OC396000)

BALANCE SHEET
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 805 -
Investment property 5 975,000 975,000
975,805 975,000

CURRENT ASSETS
Debtors - 11,367
Cash at bank 269 2,540
269 13,907
CREDITORS
Amounts falling due within one year 6 3,983 3,782
NET CURRENT (LIABILITIES)/ASSETS (3,714 ) 10,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

972,091

985,125

CREDITORS
Amounts falling due after more than one
year

7

-

200,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

972,091

785,125

TURNER INVESTMENT ASSETS LLP (REGISTERED NUMBER: OC396000)

BALANCE SHEET - continued
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

188,141

-

MEMBERS' OTHER INTERESTS
Capital accounts 783,950 785,125
972,091 785,125

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 188,141 -
Members' other interests 783,950 785,125
Amounts due from members - (11,367 )
972,091 773,758

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 7 August 2025 and were signed by:





D G Turner - Designated member

TURNER INVESTMENT ASSETS LLP (REGISTERED NUMBER: OC396000)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Turner Investment Assets LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised when it is probable that future economic benefits will flow to the company from its lease agreements and is measured as the fair value of consideration which the company expects to receive from those transactions. Turnover represents rental income from operating leases and is recognised on a straight line basis over the term of the lease. Lease incentives which are granted are included as part of the net consideration for the use of the property leased and are also recognised on a straight line basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,074
At 31 March 2025 1,074
DEPRECIATION
Charge for year 269
At 31 March 2025 269
NET BOOK VALUE
At 31 March 2025 805

TURNER INVESTMENT ASSETS LLP (REGISTERED NUMBER: OC396000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 975,000
NET BOOK VALUE
At 31 March 2025 975,000
At 31 March 2024 975,000

Investment property was valued on an open market basis on 31 March 2025 by the designated members.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other creditors 3,983 3,782

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Other creditors - 200,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 200,000

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank last in relation to the creditors.

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TURNER INVESTMENT ASSETS LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Turner Investment Assets LLP for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Turner Investment Assets LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Turner Investment Assets LLP and state those matters that we have agreed to state to the members of Turner Investment Assets LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Turner Investment Assets LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Turner Investment Assets 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 Turner Investment Assets LLP. You consider that Turner Investment Assets 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 Turner Investment Assets 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.






BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH


11 August 2025