REGISTERED NUMBER: OC330953 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

TOWERHOUSE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

R P C Hubbard

P C Brisby

D W Stewart

REGISTERED OFFICE:

16 St. John's Lane

Farringdon

London

EC1M 4BS

REGISTERED NUMBER:

OC330953 (England and Wales)

ACCOUNTANTS:

Underwood Barron LLP

Monks Brook House

13 - 17 Hursley Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2FW

FIXED ASSETS

Tangible assets

4

2,131

2,129

CURRENT ASSETS

Debtors

5

1,961,632

619,115

Cash at bank

1,159,903

923,448

3,121,535

1,542,563

CREDITORS

Amounts falling due within one year

6

1,048,955

331,090

NET CURRENT ASSETS

2,072,580

1,211,473

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,074,711

1,213,602

LOANS AND OTHER DEBTS DUE TO MEMBERS

2,074,711

1,213,602

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

2,074,711

1,213,602

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 2025.

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 28th October 2025 and were signed by:

R P C Hubbard - Designated member

1.	STATUTORY INFORMATION

Towerhouse 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.

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.

Computer equipment etc

-

33% on cost, 25% on reducing balance and 15% on cost

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

etc

£

COST

At 1st April 2024

17,511

Additions

1,666

Disposals

(15,107

)

At 31st March 2025

4,070

DEPRECIATION

At 1st April 2024

15,382

Charge for year

1,042

Eliminated on disposal

(14,485

)

At 31st March 2025

1,939

NET BOOK VALUE

At 31st March 2025

2,131

At 31st March 2024

2,129

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,871,806

579,100

Amounts recoverable on contract

29,196

6,053

Other debtors

60,630

33,962

1,961,632

619,115

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

487,114

47,736

Taxation and social security

342,873

144,587

Other creditors

218,968

138,767

1,048,955

331,090