Registered No. OC442981 (England and Wales)
Turbine Aviation LLP
Unaudited accounts
for the year ended 5 April 2025
Turbine Aviation LLP
LLP Information
for the year ended 5 April 2025
Designated members
Mr Carl Bruce Chadwick
Mr Anthony John Piers Clements
Registered Number
OC442981 (England and Wales)
Registered Office
Oresten House Town Street
Treswell
Retford
Nottinghamshire
DN22 0EJ
United Kingdom
Turbine Aviation LLP
Statement of financial position
as at 5 April 2025
Tangible assets
647,903
685,500
Cash at bank and in hand
(21,628)
52,649
Creditors: amounts falling due within one year
(68,689)
(66,447)
Net current liabilities
(85,113)
(7,660)
Total assets less current liabilities
562,790
677,840
Creditors: amounts falling due after more than one year
(312,098)
(378,539)
Net assets attributable to members
250,692
299,301
Loans and other debts due to members
(49,308)
(699)
Members' capital classified as equity
300,000
300,000
Loans and other debts due to members
(49,308)
(699)
Members' other interests
300,000
300,000
For the year ending 5 April 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 5 December 2025.
Mr Carl Bruce Chadwick
Designated member
Limited Liability Partnership Registration No. OC442981
Turbine Aviation LLP
Notes to the Accounts
for the year ended 5 April 2025
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% Straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members are expected to subscribe a minimum amount of capital and may be invited to contribute more. On retirement, all capital is repaid to the member concerned.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
Turbine Aviation LLP is a limited liability partnership, incorporated in England and Wales, registration number OC442981. Its registered office is Oresten House Town Street, Treswell, Retford, Nottinghamshire, DN22 0EJ, United Kingdom.
Turbine Aviation LLP
Notes to the Accounts
for the year ended 5 April 2025
3
Tangible fixed assets
Plant & machinery
Charge for the year
37,597
Following internal refurbishment of the aircraft it was valued in 2025 at £1,000,000
4
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
66,441
61,416
Taxes and social security costs
248
(937)
5
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
312,098
378,539
6
Loans and other debts due to members
2025
2024
Amounts due to members in respect of profits
(49,308)
(699)
Amounts falling due within one year
(49,308)
(699)
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).