Seven Turns Investments LLP
Annual Report and Unaudited Financial Statements
For the year ended 31 December 2024
Limited Liability Partnership Registration No. OC404562 (England and Wales)
Seven Turns Investments LLP
Limited Liability Partnership Information
Designated members
A Cetinkaya
Y D Cetinkaya
Limited liability partnership number
OC404562
Registered office
4 Victoria Square
St Albans
Hertfordshire
United Kingdom
AL1 3TF
Accountants
Moore Kingston Smith LLP
4 Victoria Square
St Albans
Hertfordshire
AL1 3TF
Seven Turns Investments LLP
Contents
Page
Members' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4 - 8
Seven Turns Investments LLP
Members' Report
For the year ended 31 December 2024
Page 1

The members present their annual report and financial statements for the year ended 31 December 2024.

Principal activities

The Limited Liability Partnership did not trade throughout the current year and was dormant.

Members' drawings, contributions and repayments

The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business.

A member's capital requirement is linked to their share of profit and the financing requirement of the l imited liability partnership. There is no opportunity for appreciation of the capital subscribed. Just as incoming members introduce their capital at "par", so the retiring members are repaid their capital at "par".

Designated members

The designated members who held office during the year and up to the date of signature of the financial statements were as follows:

A Cetinkaya
Y D Cetinkaya
Small LLPs exemption

This report has been prepared in accordance with the special provisions relating to small LLP s within Part 15 of the Companies Act 2006.

Approved by the members on 9 October 2025 and signed on behalf by:
09 October 2025
A Cetinkaya
Designated Member
Seven Turns Investments LLP
Accountants' Report to the Members on the Preparation of the Unaudited Statutory Financial Statements of Seven Turns Investments LLP for the year ended 31 December 2024
Page 2

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seven Turns Investments LLP for the year ended 31 December 2024 which comprise, the balance sheet and the related notes from the limited liability partnership’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation

This report is made solely to the limited liability partnership's members of Seven Turns Investments LLP, as a body, in accordance with the terms of our engagement letter dated 16 September 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Seven Turns Investments LLP and state those matters that we have agreed to state to the limited liability partnership's members of Seven Turns Investments LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seven Turns Investments LLP and its members as a body, for our work or for this report.

It is your duty to ensure that Seven Turns Investments LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Seven Turns Investments LLP. You consider that Seven Turns Investments LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Seven Turns Investments LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Kingston Smith LLP
9 October 2025
Chartered Accountants
4 Victoria Square
St Albans
Hertfordshire
AL1 3TF
Seven Turns Investments LLP
Balance Sheet
As at 31 December 2024
Page 3
2024
2023
Notes
£
£
£
£
Tangible assets
3
-
-
Current assets
Debtors
4
600
600
Cash and cash equivalents
479
479
1,079
1,079
Creditors: amounts falling due within one year
5
(24,582)
(24,582)
Net current liabilities
(23,503)
(23,503)
Represented by:
Loans and other debts due to members within one year
6
Amounts due in respect of profits
(23,503)
(23,503)
Total members' interests
6
Loans and other debts due to members
(23,503)
(23,503)

For the financial year ended 31 December 2024 the limited liability partnership was entitled to exemption from audit under section 480 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to dormant limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The financial statements were approved by the members and authorised for issue on 9 October 2025 and are signed on their behalf by:
09 October 2025
A Cetinkaya
Designated member
Limited Liability Partnership Registration No. OC404562
Seven Turns Investments LLP
Notes to the Financial Statements
For the year ended 31 December 2024
Page 4
1
Accounting policies
Limited liability partnership information

Seven Turns Investments LLP is a limited liability partnership incorporated in England and Wales. The registered office is 4 Victoria Square, St Albans, Hertfordshire, United Kingdom, AL1 3TF.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Profit and loss account

The LLP has not traded during the year or the preceding financial period. During this time, the LLP received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the m embers' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Seven Turns Investments LLP
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 5
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
3 year straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company only has basic financial instruments measured at amortised cost, with no financial

instruments classified as other, or basic financial instruments measured at fair value.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the limited liability partnership after deducting all of its liabilities.

Seven Turns Investments LLP
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 6
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2
Information in relation to members
2024
2023
Number
Number
The average number of members during the year was
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 and 31 December 2024
1,083
Depreciation and impairment
At 1 January 2024 and 31 December 2024
1,083
Carrying amount
At 31 December 2024
-
At 31 December 2023
-
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
600
600
Seven Turns Investments LLP
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 7
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
24,582
24,582
Seven Turns Investments LLP
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 8
6
Reconciliation of Members' Interests
DEBT
TOTAL
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Other amounts
Total
Total
2024
£
£
£
Amounts due to members
(23,503)
Members' interests at 1 January 2024
(23,503)
(23,503)
(23,503)
Profit for the financial year available for discretionary division among members
-
-
-
Members' interests after loss for the year
(23,503)
(23,503)
(23,503)
Members' interests at 31 December 2024
(23,503)
(23,503)
(23,503)
Amounts due to members
(23,503)
(23,503)
7
Loans and other debts due to members

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

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