REGISTERED NUMBER: OC437229 (England and Wales)

TUFNELL PARK STORES LLP

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2024 TO 31 MARCH 2025

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Ms A S L Goodman

Ms D McGinnis

REGISTERED OFFICE:

10 Campdale Road

London

N7 0EA

REGISTERED NUMBER:

OC437229 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

The members present their report with the financial statements of the LLP for the period 1 June 2024 to 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the period under review was that of

DESIGNATED MEMBERS

The designated members during the period under review were:

Ms A S L Goodman

Ms D McGinnis

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS

The profit for the period before members' remuneration and profit shares was £1,818 (2024 - £2,287 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Ms D McGinnis - Designated member

31 October 2025

TURNOVER

203,797

219,549

Cost of sales

(112,290

)

(133,276

)

GROSS PROFIT

91,507

86,273

Administrative expenses

(88,009

)

(82,801

)

3,498

3,472

Other operating income

1,274

1,509

OPERATING PROFIT

4

4,772

4,981

Interest receivable and similar income

1

1

4,773

4,982

Interest payable and similar expenses

(2,955

)

(2,695

)

PROFIT FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

1,818

2,287

FIXED ASSETS

Tangible assets

5

2,219

2,303

CURRENT ASSETS

Stocks

7,486

5,562

Debtors

6

12,818

10,182

Cash at bank

5,637

15

25,941

15,759

CREDITORS

Amounts falling due within one year

7

(28,160

)

(17,562

)

NET CURRENT LIABILITIES

(2,219

)

(1,803

)

TOTAL ASSETS LESS CURRENT LIABILITIES

-

500

CREDITORS

Amounts falling due after more than one year

8

-

(500

)

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

6

(11,912

)

(9,492

)

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 period 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 31 October 2025 and were signed by:

Ms D McGinnis - Designated member

G Lopez - Designated member

1.	STATUTORY INFORMATION

Tufnell Park Stores 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2024 - 3 ).

4.	OPERATING PROFIT

The operating profit is stated after charging:

PERIOD

1/6/24

TO

YEAR ENDED

31/3/25

31/5/24

£

£

Depreciation - owned assets

583

767

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

4,707

Additions

499

At 31 March 2025

5,206

DEPRECIATION

At 1 June 2024

2,404

Charge for period

583

At 31 March 2025

2,987

NET BOOK VALUE

At 31 March 2025

2,219

At 31 May 2024

2,303

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

787

690

Other debtors

12,031

9,492

12,818

10,182

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,000

2,538

Trade creditors

14,912

10,397

Taxation and social security

34

667

Other creditors

12,214

3,960

28,160

17,562

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

500