REGISTERED NUMBER: OC383825 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

TENNANT STREET MEDICAL PRACTICE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Dr R N Smith

Dr C V Green

Dr S Gandhi

Dr L E Falcus

Dr M Ford

Dr I R Maitland

Dr J E M Morgan

Dr A Jardine

REGISTERED OFFICE:

Tennant Street Practice

Tennant Street

Stockton-On-Tees

Cleveland

TS18 2AT

REGISTERED NUMBER:

OC383825 (England and Wales)

ACCOUNTANTS:

Mitchells Grievson

Chartered Accountants

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Tangible assets

4

1,204

1,416

Investment property

5

3,500,000

3,500,000

3,501,204

3,501,416

CURRENT ASSETS

Debtors

6

117,892

96,705

Cash at bank

172,064

123,139

289,956

219,844

CREDITORS

Amounts falling due within one year

7

110,362

119,493

NET CURRENT ASSETS

179,594

100,351

TOTAL ASSETS LESS CURRENT LIABILITIES

3,680,798

3,601,767

CREDITORS

Amounts falling due after more than one year

8

2,819,385

2,876,594

NET ASSETS ATTRIBUTABLE TO MEMBERS

861,413

725,173

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

861,413

725,173

861,413

725,173

TOTAL MEMBERS' INTERESTS

Members' other interests

861,413

725,173

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 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 28 October 2025 and were signed by:

Dr R N Smith - Designated member

Dr I R Maitland - Designated member

1.	STATUTORY INFORMATION

Tennant Street Medical Practice 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

4,329

DEPRECIATION

At 1 April 2024

2,913

Charge for year

212

At 31 March 2025

3,125

NET BOOK VALUE

At 31 March 2025

1,204

At 31 March 2024

1,416

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

3,500,000

NET BOOK VALUE

At 31 March 2025

3,500,000

At 31 March 2024

3,500,000

Investment property comprises a purpose built doctors surgery at Tennant Street, Stockton-on-Tees,

County Durham. The fair value of the investment property has been arrived at on the basis of a valuation

carried out at 17 November 2022 by Pinders Professional and Consultancy Services Limited, who are not connected with the limited liability partnership. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

3,450,000

Valuation in 2022

50,000

3,500,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

117,892

96,705

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

53,937

53,937

Taxation and social security

2,237

1,837

Other creditors

54,188

63,719

110,362

119,493

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,819,385

2,876,594

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,675,000

1,709,748

Repayable by instalments

Bank loans more 5 yr by instal

908,189

930,650