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REGISTERED NUMBER: OC371176 (England and Wales)















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: Mr A M P Connor
Ms N Dunlop





REGISTERED OFFICE: 61 Stanley Road
Bootle
Merseyside
L20 7BZ





REGISTERED NUMBER: OC371176 (England and Wales)





ACCOUNTANTS: Kinsella Clarke Limited
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 59,589 -
Investment property 5 950,000 1,030,000
1,009,589 1,030,000

CURRENT ASSETS
Debtors 6 5,335 6,421
Cash at bank 104,340 38,177
109,675 44,598
CREDITORS
Amounts falling due within one year 7 4,624 4,070
NET CURRENT ASSETS 105,051 40,528
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 9 268,151 242,435
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 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.

Tonic Properties LLP (Registered number: OC371176)

Statement of Financial Position - continued
31 March 2025


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 11 August 2025 and were signed by:





Mr A M P Connor - Designated member

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
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 as modified by the revaluation of certain assets.

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
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
Plant and
machinery
etc
£   
COST
Additions 84,015
Disposals (8,734 )
At 31 March 2025 75,281
DEPRECIATION
Charge for year 15,692
At 31 March 2025 15,692
NET BOOK VALUE
At 31 March 2025 59,589

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 1,030,000
Disposals (80,000 )
At 31 March 2025 950,000
NET BOOK VALUE
At 31 March 2025 950,000
At 31 March 2024 1,030,000

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 5,335 6,421

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 164 -
Other creditors 4,460 4,070
4,624 4,070

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 242,435
Current year movement 25,716
At 31 March 2025 268,151