TWP Accounting LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC327359

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		319,669		28,646
Tangible Assets	5		24,639		17,859
Investments	6		184,564		244,440

			528,872		290,945
CURRENT ASSETS
Debtors	7	1,774,867		1,394,653
Cash at bank and in hand		139,835		26,660

		1,914,702		1,421,313
Creditors: Amounts Falling Due Within One Year	8	(867,839 )		(613,391 )

NET CURRENT ASSETS (LIABILITIES)			1,046,863		807,922

TOTAL ASSETS LESS CURRENT LIABILITIES			1,575,735		1,098,867

NET ASSETS ATTRIBUTABLE TO MEMBERS			1,575,735		1,098,867

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		575,735		98,867

			575,735		98,867

Equity
Members' other interests
Members' capital		1,000,000		1,000,000

			1,000,000		1,000,000

			1,575,735		1,098,867

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			575,735		98,867
Members' other interests			1,000,000		1,000,000

			1,575,735		1,098,867

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Page 2

TWP Accounting LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Paul Hawksley Limited

Designated Member

30/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

TWP Accounting LLP is a limited liability partnership, incorporated in England & Wales, registered number OC327359 . The Registered Office is The Old Rectory, Church, Surrey, KT13 8DE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Straight line over 10 years
Fixtures & Fittings	Straight line over 3-5 years
Computer Equipment	Straight line over 3-5 years

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 63 (2024: 48)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	1,208,122
Additions	421,071

As at 31 March 2025	1,629,193

Amortisation
As at 1 April 2024	1,179,476
Provided during the period	130,048

As at 31 March 2025	1,309,524

...CONTINUED

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TWP Accounting LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	319,669

As at 1 April 2024	28,646

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	23,214	49,522	87,798	160,534
Additions	-	2,692	9,066	11,758

As at 31 March 2025	23,214	52,214	96,864	172,292

Depreciation
As at 1 April 2024	9,672	49,109	83,894	142,675
Provided during the period	2,322	351	2,305	4,978

As at 31 March 2025	11,994	49,460	86,199	147,653

Net Book Value
As at 31 March 2025	11,220	2,754	10,665	24,639

As at 1 April 2024	13,542	413	3,904	17,859

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2024	244,440
Additions	5,097
Revaluations	(64,973 )

As at 31 March 2025	184,564

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	184,564

As at 1 April 2024	244,440

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,002,673	538,437
Other debtors	619,637	592,704
Amounts owed by group undertakings	152,557	263,512

	1,774,867	1,394,653

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TWP Accounting LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	186,458	169,607
Bank loans and overdrafts	255,719	164,744
Other taxes and social security	46,443	41,417
VAT	259,261	163,368
Other creditors	10,687	8,854
Accruals and deferred income	109,271	65,401

	867,839	613,391

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