ACCOUNTS - Final Accounts

Registered number: OC400760

THORNLEY DEVELOPMENTS LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

THORNLEY DEVELOPMENTS LLP

REGISTERED NUMBER: OC400760

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


CURRENT ASSETS
Stocks		57,187		57,187
Debtors: amounts falling due within one year	4	-		244,136
Cash at bank and in hand		5,174		4,291
		62,361		305,614
Creditors: Amounts Falling Due Within One Year	5	(1,630)		(1,520)
NET CURRENT ASSETS			60,731		304,094

NET ASSETS			60,731		304,094

REPRESENTED BY:
LOANS AND OTHER DEBTS DUE TO MEMBERS WITHIN ONE YEAR
Members' capital classified as a liability	60,731	304,094

	60,731	304,094

TOTAL MEMBERS' INTERESTS
Amounts due from members (included in debtors)	4	-	(243,806)
Loans and other debts due to members		60,731	304,094
		60,731	60,288

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THORNLEY DEVELOPMENTS LLP

REGISTERED NUMBER: OC400760

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by:

J Collins

as Director of Thornley Residental Limited
Designated member

Date: 4 December 2025

The notes on pages 4 to 5 form part of these financial statements.

Thornley Developments LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

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THORNLEY DEVELOPMENTS LLP

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 MARCH 2025


	DEBT Loans and other debts due to members less any amounts due from members in debtors
	Members' capital (classified as debt)	Other amounts	Total
	£	£	£
MEMBERS' INTERESTS AFTER PROFIT FOR THE YEAR	303,649	(244,632)	59,017
Other division of profits	445	826	1,271
Amounts due to members	304,094	-	304,094
Amounts due from members		(243,806)	(243,806)
BALANCE AT 31 MARCH 2024	304,094	(243,806)	60,288
Other division of profits	443	-	443
Amounts introduced by members	-	243,806	243,806
Repayment of capital	(243,806)	-	(243,806)
Amounts due to members	60,731	-	60,731
BALANCE AT 31 MARCH 2025	60,731	-	60,731

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

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THORNLEY DEVELOPMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

Thornley Developments LLP is registered as a limited liability partnership and incorporated in England. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

TURNOVER

Turnover represents Ground rent income received in the year exclusive of Value Added Tax.

2.3

STOCKS

Stocks are valued at the lower of cost and net realisable value and comprise development property held for resale and work in progress on development sites.

2.4

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

EMPLOYEES

	The entity has no employees.
	The average monthly number of employees, including directors, during the year was 0 (2024 - 0).

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THORNLEY DEVELOPMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

DEBTORS

					2025	2024
					£	£


Other debtors	-	330
Amounts due from members	-	243,806
	-	244,136

5.	CREDITORS: : AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Accruals and deferred income	1,630	1,520
	1,630	1,520

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