| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Tonic Properties LLP |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Tonic Properties LLP |
| Tonic Properties LLP (Registered number: OC371176) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| General Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Tonic Properties LLP |
| General Information |
| for the Year Ended 31 March 2025 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 61 Stanley Road |
| Bootle |
| Merseyside |
| L20 7BZ |
| Tonic Properties LLP (Registered number: OC371176) |
| Statement of Financial Position |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,114,640 |
1,070,528 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
836,489 |
818,093 |
| MEMBERS' OTHER INTERESTS |
| Capital accounts | 10,000 | 10,000 |
| Revaluation reserve | 9 |
| 1,114,640 | 1,070,528 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 8 | 836,489 | 818,093 |
| Members' other interests | 278,151 | 252,435 |
| 1,114,640 | 1,070,528 |
| 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. |
| Tonic Properties LLP (Registered number: OC371176) |
| Statement of Financial Position - continued |
| 31 March 2025 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| Tonic Properties LLP (Registered number: OC371176) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Tonic Properties 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| 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 |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| Additions |
| Disposals | ( |
) |
| At 31 March 2025 |
| DEPRECIATION |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| Tonic Properties LLP (Registered number: OC371176) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| Disposals | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Fair value at 31 March 2025 is represented by: |
| £ |
| Valuation in 2017 | (24,284 | ) |
| Valuation in 2022 | 257,385 |
| Valuation in 2023 | (14,950 | ) |
| Valuation in 2024 | 50,000 |
| Cost | 681,849 |
| 950,000 |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Cost | 681,849 | 811,849 |
| The investment properties were valued on an open market basis on 3 August 2022 by the members . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade creditors |
| Other creditors |
| Tonic Properties LLP (Registered number: OC371176) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| 2020 | 2019 |
| £ | £ |
| Loans from members | 57,455 | 57,455 |
| Amounts owed to members in respect of profits | 780,646 | 795,805 |
| 838,101 | 853,260 |
| Falling due with in one year | 838,101 | 853,260 |
| Loans and other debts are due to the members and pari passu in relation to all creditors of the LLP in the event of a winding up. |
| No protection is afforded by the LLP to non-members creditors. |
| There are no restrictions on the ability of members to reduce the amount of 'members' other interest. |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2024 |
| Current year movement | 25,716 |
| At 31 March 2025 |