REGISTERED NUMBER: OC436204 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2024 TO 31 MARCH 2025

FOR

TOWER LAUNDERETTE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P R Gunston

Mrs S A Gunston

REGISTERED OFFICE:

53 Gildredge Road

Eastbourne

East Sussex

BN21 4SF

REGISTERED NUMBER:

OC436204 (England and Wales)

ACCOUNTANTS:

Honey Barrett Limited

53 Gildredge Road

Eastbourne

East Sussex

BN21 4SF

FIXED ASSETS

Intangible assets

4

1,500

3,000

Tangible assets

5

37,837

50,476

39,337

53,476

CURRENT ASSETS

Stocks

350

350

Debtors

6

4,341

3,623

Cash at bank and in hand

30,343

23,098

35,034

27,071

CREDITORS

Amounts falling due within one year

7

11,646

8,936

NET CURRENT ASSETS

23,388

18,135

TOTAL ASSETS LESS CURRENT LIABILITIES

62,725

71,611

CREDITORS

Amounts falling due after more than one year

8

34,486

41,450

NET ASSETS ATTRIBUTABLE TO MEMBERS

28,239

30,161

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

28,239

30,161

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

28,239

30,161

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 period 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 27 August 2025 and were signed by:

P R Gunston - Designated member

1.	STATUTORY INFORMATION

Tower Launderette 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The turnover shown in the profit and loss accounts represents takings during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 March 2025

6,000

AMORTISATION

At 1 January 2024

3,000

Charge for period

1,500

At 31 March 2025

4,500

NET BOOK VALUE

At 31 March 2025

1,500

At 31 December 2023

3,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 March 2025

627

75,126

75,753

DEPRECIATION

At 1 January 2024

235

25,042

25,277

Charge for period

118

12,521

12,639

At 31 March 2025

353

37,563

37,916

NET BOOK VALUE

At 31 March 2025

274

37,563

37,837

At 31 December 2023

392

50,084

50,476

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

3,242

1,992

Prepayments and accrued income

1,099

1,631

4,341

3,623

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Hire purchase contracts

5,572

5,572

Trade creditors

2,444

509

Accruals and deferred income

3,630

2,855

11,646

8,936

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

£

Hire purchase contracts

34,486

41,450

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2023

£

£

Amounts owed to members in respect of profits

28,239

30,161

Falling due within one year

28,239

30,161

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.