REGISTERED NUMBER: OC449055 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

TARETON HOMES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

P R Pithiya

R Pithiya

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

OC449055 (England and Wales)

ACCOUNTANTS:

AC Partners LLP

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

550,000

550,000

CURRENT ASSETS

Debtors

5

17,799

29,691

CREDITORS

Amounts falling due within one year

6

1,321

1,320

NET CURRENT ASSETS

16,478

28,371

TOTAL ASSETS LESS CURRENT LIABILITIES

566,478

578,371

CREDITORS

Amounts falling due after more than one year

7

319,249

319,249

NET ASSETS ATTRIBUTABLE TO MEMBERS

247,229

259,122

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

197,229

209,122

MEMBERS' OTHER INTERESTS

Revaluation reserve

50,000

50,000

247,229

259,122

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

197,229

209,122

Members' other interests

50,000

50,000

Amounts due from members

5

(7,799

)

(19,691

)

239,430

239,431

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 August 2026 and were signed by:

P R Pithiya - Designated member

1.	STATUTORY INFORMATION

Tareton Homes LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INVESTMENT PROPERTY

Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The director considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the loss for the financial year would have been increased by the amount of depreciation.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

550,000

NET BOOK VALUE

At 31 March 2026

550,000

At 31 March 2025

550,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2025

50,000

Cost

500,000

550,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

17,799

29,691

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

1

-

Other creditors

1,320

1,320

1,321

1,320

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

319,249

319,249

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

319,249

319,249

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.