Registered No. NC000136 (Northern Ireland)
Twisel Burn LLP
Unaudited accounts
for the year ended 31 March 2025
Twisel Burn LLP
Statement of financial position
as at 31 March 2025
Tangible assets
570,707
546,107
Cash at bank and in hand
759
4,524
Creditors: amounts falling due within one year
(51,517)
(63,225)
Net current liabilities
(48,700)
(42,529)
Total assets less current liabilities
522,007
503,578
Creditors: amounts falling due after more than one year
(155,526)
(190,189)
Net assets attributable to members
366,481
313,389
Loans and other debts due to members
364,481
311,389
Members' capital classified as equity
2,000
2,000
Loans and other debts due to members
364,481
311,389
Members' other interests
2,000
2,000
For the year ending 31 March 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 31 December 2025.
Peter Greene
Designated member
Limited Liability Partnership Registration No. NC000136
Twisel Burn LLP
Notes to the Accounts
for the year ended 31 March 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:
Twisel Burn LLP is a limited liability partnership, incorporated in Northern Ireland, registration number NC000136. Its registered office is The Office Dock, Unit 2, Channel Wharf, 21 Old Channe Road, Belfast, BT3 9DE, United Kingdom.
3
Tangible fixed assets
Land & buildings
4
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
40,000
42,000
Trade creditors
1,241
3,611
Taxes and social security costs
1,649
-
5
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
155,526
190,189
Twisel Burn LLP
Notes to the Accounts
for the year ended 31 March 2025
6
Loans and other debts due to members
2025
2024
Loans from members
318,187
268,567
Amounts due to members in respect of profits
46,294
42,822
Amounts falling due within one year
364,481
311,389
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).