REGISTERED NUMBER: OC431949 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2024

for

TR Simmonds Property LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R L Simmonds

Mrs T A Simmonds

TR Simmonds Investments Ltd

REGISTERED OFFICE:

c/o OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Billingham

Co. Durham

TS23 4EA

REGISTERED NUMBER:

OC431949 (England and Wales)

ACCOUNTANTS:

OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Coxwold Way

Billingham

Co. Durham

TS23 4EA

FIXED ASSETS

Tangible assets

4

4,480,393

4,348,103

CURRENT ASSETS

Debtors

5

508,000

346,322

Cash at bank

22,519

8,154

530,519

354,476

CREDITORS

Amounts falling due within one year

6

(697,399

)

(328,441

)

NET CURRENT (LIABILITIES)/ASSETS

(166,880

)

26,035

TOTAL ASSETS LESS CURRENT LIABILITIES

4,313,513

4,374,138

CREDITORS

Amounts falling due after more than one year

7

(3,277,311

)

(3,239,142

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,036,202

1,134,996

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

-

1,134,996

MEMBERS' OTHER INTERESTS

Capital accounts

1,036,202

-

1,036,202

1,134,996

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

-

1,134,996

Members' other interests

1,036,202

-

Amounts due from members

5

(508,000

)

(180,634

)

528,202

954,362

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 31st March 2024.

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 26th September 2025 and were signed by:

R L Simmonds - Designated member

1.	STATUTORY INFORMATION

TR Simmonds Property 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.

Land and buildings

-

in accordance with the property

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1st April 2023

4,301,846

61,676

4,363,522

Additions

354,112

-

354,112

Revaluations

(210,258

)

-

(210,258

)

At 31st March 2024

4,445,700

61,676

4,507,376

DEPRECIATION

At 1st April 2023

-

15,419

15,419

Charge for year

-

11,564

11,564

At 31st March 2024

-

26,983

26,983

NET BOOK VALUE

At 31st March 2024

4,445,700

34,693

4,480,393

At 31st March 2023

4,301,846

46,257

4,348,103

Cost or valuation at 31st March 2024 is represented by:

Land and

buildings

£

Valuation in 2022

90,000

Valuation in 2024

(210,258

)

Cost

4,565,958

4,445,700

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

508,000

346,322

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

697,399

328,441

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

46,738

52,594

Other creditors

3,230,573

3,186,548

3,277,311

3,239,142

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Mortgages

3,230,573

3,186,548

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in liquidation.