ACCOUNTS - Final Accounts preparation

Registered number: OC431651

TOBTOS LLP

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2025

TOBTOS LLP

REGISTERED NUMBER: OC431651

BALANCE SHEET

AS AT 31 MAY 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	1,145		1,237
Cash at bank and in hand	5	2,401		1,438
		3,546		2,675
Creditors: Amounts Falling Due Within One Year	6	(1,200)		(1,200)
Net current assets			2,346		1,475
Total assets less current liabilities			2,346		1,475

Net assets			2,346		1,475

Represented by:
Loans and other debts due to members within one year
Members' other interests
Members' capital classified as equity	2,040		1,475
Other reserves classified as equity	306		-
		2,346		1,475
		2,346		1,475

Total members' interests
Members' other interests	2,346	1,475
	2,346	1,475

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

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TOBTOS LLP

REGISTERED NUMBER: OC431651

BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2025

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 23 September 2025.

A A ADESIGBIN

Designated member

The notes on pages 4 to 6 form part of these financial statements.

TOBTOS LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

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TOBTOS LLP

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 MAY 2025


	EQUITY Members' other interests
	Members' capital (classified as equity)	Other reserves	Total
	£	£	£
Loss for the year available for discretionary division among members	-	(181)	(181)
Members' interests after profit for the year	1,655	(181)	1,474
Other division of losses	-	1	1
Balance at 31 May 2024	1,475	-	1,475
Profit for the year available for discretionary division among members	-	307	307
Members' interests after profit for the year	1,475	307	1,782
Other division of profits	-	(1)	(1)
Amounts introduced by members	565	-	565
Balance at 31 May 2025	2,040	306	2,346

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

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TOBTOS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

TOBTOS LLP (OC 431651) is a Limited Liability Partnership incorporated in England and Wales on 4th May 2020.
The registered office address is 6, Medcalf Road , Enfield , EN3 6HL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the LLP will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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TOBTOS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

Profits of the LLP which are not yet divided among the members are shown under 'Other reserves' on the balance sheet, pending a discretionary decision to divide the profits.

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The entity has no employees.

Debtors

					2025	2024
					£	£


	Other debtors	1,145	1,237

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TOBTOS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

4.Debtors (continued)

		1,145	1,237

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	2,401	1,438
	2,401	1,438

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Accruals	1,200	1,200
	1,200	1,200

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