Tom McGinness Consulting Llp Accounts






Tom McGinness Consulting Llp

	Registered No. OC448466
	Information for Filing with the Registrar
		31 March 2026

at	31 March 2026

Registered No.			OC448466	Notes	2026	2025
					£	£
Fixed assets

	Tangible assets			4	1,379	245


					1,379	245
Current assets

	Debtors			5	18,000	88,941

	Cash at bank and in hand				134	904
					18,134	89,845
Creditors: Amounts falling due within one year				6	(7,830)	(1,431)
Net current assets					10,304	88,414
Total assets less current liabilities					11,683	88,659


Net assets attributable to members					11,683	88,659

Represented by:

	Members' other interests
		Members' capital			11,683	88,659


					11,683	88,659



These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

For the year ended 31 March 2026 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) 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.

As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the members on 28 August 2026 and signed on its behalf by:
T. McGinness
Designated member
28 August 2026

for the year ended 31 March 2026

General information

Tom McGinness Consulting Llp is a limited liability partnership and incorporated in England and Wales.

Its registered number is: OC448466

Its registered office is:

Ryecroft Cottage

Ryecroft Road

Bolney

West Sussex

RH17 5PS

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Members' remuneration and division of profits

Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.

In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense.

Profits are treated as being available for discretionary division only if the 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. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

Members' Interests

Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.

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.

3	Employees
		2026	2025
		Number	Number

	The average number of persons employed during the year was:	0	0

4	Tangible fixed assets
		Fixtures, fittings and equipment	Total
		£	£
	Cost
	At 1 April 2025	327	327
	Additions	1,593	1,593



	At 31 March 2026	1,920	1,920
	Depreciation
	At 1 April 2025	82	82
	Charge for the year	459	459



	At 31 March 2026	541	541
	Net book values
	At 31 March 2026	1,379	1,379
	At 31 March 2025	245	245

5	Debtors
		2026	2025
		£	£
	Trade debtors	18,000	88,912



	Other debtors	-	29

		18,000	88,941

6	Creditors:
	amounts falling due within one year
		2026	2025
		£	£
	Bank loans and overdrafts	-	-




	Other taxes and social security	4,998	-

	Accruals and deferred income	2,832	1,431
		7,830	1,431