| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| T & L Crawley LLP |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| T & L Crawley LLP |
| T & L Crawley LLP (Registered number: OC327753) |
| Contents of the Financial Statements |
| for the year ended 31 March 2025 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| T & L Crawley LLP |
| General Information |
| for the year ended 31 March 2025 |
| Designated members: |
| Mrs L Crawley |
| Registered office: |
| Registered number: |
| T & L Crawley LLP (Registered number: OC327753) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| Current assets |
| Debtors |
| Cash at bank |
| Total assets less current liabilities |
| and |
| Net assets attributable to members | 93,486 | 93,486 |
| Loans and other debts due to members | 5 | 93,486 | 93,486 |
| Total members' interests |
| Loans and other debts due to members | 5 | 93,486 | 93,486 |
| Amounts due from members | (62,425 | ) | (62,425 | ) |
| 31,061 | 31,061 |
| 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 were approved by the members of the LLP and authorised for issue on |
| T & L Crawley LLP (Registered number: OC327753) |
| Notes to the Financial Statements |
| for the year ended 31 March 2025 |
| 1. | Statutory information |
| T & L Crawley 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. | Statement of compliance |
| 3. | Accounting policies |
| Basis of preparing the financial statements |
| These financial statements are prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", the Companies Act 2006 as applied to LLP's by the Limited Liability partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships under the historical cost convention. |
| The presentational currency of the financial statements is the Pound Sterling (£). |
| Amounts in these financial statements are rounded to the nearest £. |
| Critical accounting judgements and estimation uncertainty |
| In applying the firm's accounting policies, the members are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The members' judgements, estimated and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods. |
| (i) Critical judgements in applying the firm's accounting policies |
| The firm makes a number of assessments which require judgement in preparing the accounts and can have a significant effect upon the financial statements. However due to the straight forward nature of the firm's business, management does not believe that there are any judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
| (ii) Key accounting estimates and assumptions |
| The firm makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. However due to the straight forward nature of the firm's business, management does not believe that there are any estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
| Financial instruments |
| Financial assets and liabilities are recognised when the firm becomes party to the contractual provisions of the financial instrument. The firm only holds basic financial instruments which comprise cash and cash equivalents, trade and other receivables, trade and other payables. The firm has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full. |
| Financial assets - classified as basic financial instruments |
| (i) Cash |
| Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less. |
| T & L Crawley LLP (Registered number: OC327753) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 3. | Accounting policies - continued |
| (ii) Trade and other receivables |
| Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment. |
| At the end of each reporting period, the firm assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the firm will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss. |
| (iii) Trade and other payables and loans and borrowings |
| Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the amount of the cash expected to be paid. |
| Members' remuneration profit allocation |
| Members remuneration and profit allocation are stipulated in the Limited Liability Partnership Agreement, where the profits of the LLP, in respect of any financial year of the LLP, shall be allocated amongst the Members in such a manner and in such proportions as shall be determined by them. |
| Taxation |
| As a Limited Liability Partnership the firm is not liable for United Kingdom taxation, its profits being liable to income tax in the hands of the members. Therefore, no provision for taxation is made in the financial statements. |
| Going concern |
| These financial statements have been prepared on a going concern basis. |
| The current economic conditions present increased risks for all businesses. In response to such conditions, the members have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis. |
| Based on assessment, the members consider that the firm maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital servicing obligations and external debt liabilities. |
| In addition, the firm's assets are assessed for recoverability on a regular basis, and the members consider that the firm is not exposed to losses on these assets which would affect their decision to adopt the going concern basis. |
| The members have a reasonable expectation that the firm has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the firm's ability to continue as a going concern. Thus the members have continued to adopt the going concern basis of accounting in preparing these financial statements. |
| 4. | Employee information |
| The average number of employees during the year was NIL (2024 - NIL). |
| T & L Crawley LLP (Registered number: OC327753) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 5. | Loans and other debts due to members |
| 2025 | 2024 |
| £ | £ |
| Amounts owed to members in respect of profits | 93,486 | 93,486 |
| Falling due within one year | 93,486 | 93,486 |
| Amounts due to members are ranked after all creditors. |
| 6. | Ultimate controlling party |
| The ultimate controlling party is T Crawley, a designated member of the Limited Liability Partnership. |