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Registered number: OC454450
TOWNCOURT HOMES (MG) LLP
ACCOUNTS
FOR THE 144 DAY PERIOD ENDED 31/03/2025
Prepared By:
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP
TOWNCOURT HOMES (MG) LLP
CONTENTS
Page
Report of the Members-
Report of the Accountants-
Profit and Loss Account-
Balance Sheet3
Notes to the Accounts4
The following do not form part of the statutory financial statements:
Trading and Profit and Loss Account-
Profit and Loss Account Summaries-
TOWNCOURT HOMES (MG) LLP
ACCOUNTS
FOR THE 144 DAY PERIOD ENDED 31/03/2025
DESIGNATED MEMBERS
Melanie Cocks
SJC Poole LLP
Towncourt Homes Limited
REGISTERED OFFICE
COMPANY NUMBER
OC454450
ACCOUNTANTS
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP
TOWNCOURT HOMES (MG) LLP
BALANCE SHEET AT 31/03/2025
2025
Notes£
FIXED ASSETS
CURRENT ASSETS
Stock1b329,165
Debtors24,651
Cash at bank and in hand8,670
342,486
CREDITORS: Amounts falling due within one year342,846
NET CURRENT LIABILITIES(360)
NET LIABILITIES ATTRIBUTABLE TO MEMBERS(360)
MEMBERS ' OTHER INTERESTS
Capital accounts(360)
(360)
TOTAL MEMBERS' INTERESTS
Members' other interests(360)
(360)
For the year ending 31/03/2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the members on 29/11/2025 and signed on their behalf by
.............................
Melanie Cocks
Designated Member
TOWNCOURT HOMES (MG) LLP
NOTES TO THE ACCOUNTS
FOR THE 144 DAY PERIOD ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. DEBTORS 2025
£
Amounts falling due within one year:
VAT4,651
4,651
3. EMPLOYEES
2025
No.No.
Average number of employees-