Ty Nant Court LLP - Filleted accounts

Registered number

OC329718

Ty Nant Court LLP

Filleted Accounts

31 March 2025

Ty Nant Court LLP
Registered number:		OC329718
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	2,446		2,395
Current assets
Debtors	4	738		2,019
Cash at bank and in hand		9,807		9,065
		10,545		11,084

Creditors: amounts falling due within one year	5	(15,347)		(14,186)

Net current liabilities		(4,802)		(3,102)

Total assets less current liabilities		(2,356)		(707)



Net liabilities attributable to members		(2,356)		(707)

Represented by:
Loans and other debts due to members	6	(26,450)		(24,801)

Members' other interests
Other reserves		24,094		24,094

		(2,356)		(707)

Total members' interests
Loans and other debts due to members	6	(26,450)		(24,801)
Members' other interests		24,094		24,094

		(2,356)		(707)

For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 1 November 2025 and signed on their behalf by:


Mr R W Emanuel
Designated member

Ty Nant Court LLP
Notes to the Accounts
for the year ended 31 March 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.



2	Employees	2025		2024
Number			Number

	Average number of persons employed by the LLP	-		-


3	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	At 1 April 2024			2,395
	Additions			51
	At 31 March 2025			2,446

	Depreciation
	At 31 March 2025			-

	Net book value
	At 31 March 2025			2,446
	At 31 March 2024			2,395


4	Debtors	2025		2024
£			£

	Trade debtors	-		1,281
	Other debtors	738		738
		738		2,019


5	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	14,064		13,077
	Other taxes and social security costs	683		509
	Other creditors	600		600
		15,347		14,186


6	Loans and other debts due to members	2025		2024
£			£

	Loans from members	(2,536)		(887)
	Amounts due to members in respect of profits	(23,914)		(23,914)
		(26,450)		(24,801)

	Amounts falling due within one year	(26,450)		(24,801)

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


7	Controlling party

	The company is ultimately controlled by Mr R W Emanuel and Mr D J Jones.


8	Other information

	Ty Nant Court LLP is a limited liability partnership incorporated in England. Its registered office is:
	6 Ty Nant Court
	Morganstown
	Cardiff
	CF15 8LW