TRE Putney LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC411291 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

TRE PUTNEY LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Trust Real Estate Ltd

WJC Investments LLP

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

OC411291 (England and Wales)

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Investments

4

-

CURRENT ASSETS

Debtors

1,100,000

1,669,840

CREDITORS

Amounts falling due within one year

5

-

(19,200

)

NET CURRENT ASSETS

1,100,000

1,650,640

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,100,000

1,650,640

CREDITORS

Amounts falling due after more than one
year

6

-

(550,640

)

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,100,000

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

MEMBERS' OTHER INTERESTS

Capital accounts

1,100,000

TOTAL MEMBERS' INTERESTS

Members' other interests

1,100,000

Amounts due from members

(1,100,000

)

(1,669,840

)

-

(569,840

)

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 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 September 2025 and were signed by:

Trust Real Estate Ltd - Designated member

1.	STATUTORY INFORMATION

TRE Putney LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

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

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Going concern

After the balance sheet date, TRE Putney LLP has sold its interest in Putney High Street Property Development LLP for nil consideration and because of this material event and members intention to ultimately liquidate the Putney High Street Property Development LLP, these financial statements have not been prepared on a going concern basis.

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.

Investments in participating interests

Investments in joint ventures are recognised initially in the statement of financial position at the transaction price and subsequently adjusted to reflect the participating interest's share of total comprehensive income and equity of the participating interest, less any impairment.

3.	EMPLOYEE INFORMATION

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

4.	FIXED ASSET INVESTMENTS

31/12/24

31/12/23

£

Additional information is as follows:

Interest

in other

participatin

interests

£

COST

Additions

19,809

Impairments

(19,809

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

Investments (neither listed nor unlisted) were as follows:

31/12/24

31/12/23

£

Investment in Bonds

550,000

Bonds capital appreciation

550,640

Bonds impairment

(1,100,640

)

(1,100,640

)

-

During the year, all bonds held by the LLP were transferred to PLRDF I JMH Ltd for nil consideration in connection with the resignation of Tre as a member of the LLP.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Amounts owed to group undertakings

-

16,800

Accrued expenses

-

2,400

-

19,200

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/12/24

31/12/23

£

Accruals and deferred income

-

550,640

At present due to the fall in value of the development project in PHSPD, any losses below the actual cost are being charged to the members in their respective shares. However Tre Putney has received assurances that there is no recourse for further payments to be made by any member.

7.	RELATED PARTY DISCLOSURES

During the year, the LLP disposed of its investment in discounted bonds received from Putney High Street Development LLP for nil consideration. At the start of the year, the carrying value of the bonds was £1,100,640 (2023: £976,751)), which included accrued interest of £123,889 (2023: £111,365) and reflected the impairment of £1,100,640 (2023 : £976,751).

Accrued interest previously recognised in the carrying value has not been realised, as the bonds did not reach maturity and no proceeds were received.