TCCH Property LLP - Accounts to registrar (filleted) - small 18.2

TCCH Property LLP - Accounts to registrar (filleted) - small 18.2

TCCH PROPERTY LLP - Company Information

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REGISTERED NUMBER: OC335171 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2019

for

TCCH Property LLP
TCCH Property LLP (Registered number: OC335171)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

TCCH Property LLP

General Information
for the Year Ended 31 March 2019







DESIGNATED MEMBERS: M A Turner





REGISTERED OFFICE: Magdalene House
Compass Point Business Park
Stocks Bridge Way
St Ives
Cambridgeshire
PE27 5JL





REGISTERED NUMBER: OC335171 (England and Wales)





ACCOUNTANTS: Lanham and Company Limited
Chartered Accountants
9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF
Page 1
TCCH Property LLP (Registered number: OC335171)

Balance Sheet
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 930,000

CURRENT ASSETS
Debtors 25,690 -
Cash at bank - 38,524
25,690 38,524
CREDITORS
Amounts falling due within one year 5 1,000 31,316
NET CURRENT ASSETS 24,690 7,208
TOTAL ASSETS LESS CURRENT
LIABILITIES
24,690
937,208

CREDITORS
Amounts falling due after more than one
year
6
-
541,063
NET ASSETS ATTRIBUTABLE TO
MEMBERS
24,690
396,145

LOANS AND OTHER DEBTS DUE TO
MEMBERS
8
24,690
249,731

MEMBERS' OTHER INTERESTS
Capital accounts - 285,150
Fair value reserve 9 - (138,736 )
24,690 396,145

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 24,690 249,731
Members' other interests - 146,414
Amounts due from members (25,690 ) -
(1,000 ) 396,145

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 2019.

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 notes form part of these financial statements

Page 2 continued...
TCCH Property LLP (Registered number: OC335171)

Balance Sheet - continued
31 March 2019


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 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 small LLPs.

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 on 29 April 2019 and were signed by:





M A Turner - Designated member

The notes form part of these financial statements

Page 3
TCCH Property LLP (Registered number: OC335171)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

TCCH Property 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.

Revenue from operating leases is recognised on a straight-line basis over the lease term. The aggregate cost of
any lease incentives provided is recognised as a reduction to the revenue recognised on a straight-line basis.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at
fair value at each reporting date and changes in fair value are recognised in profit or loss.

In order to ascertain the fair value at each reporting date, investment properties have been valued using an open
market valuation on a freehold basis subject to the existing tenancies. Revaluations are conducted annually by
the directors.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice
of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three
months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant
risk of change in value.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,
they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement
constitutes a finance transaction it is measure at present value.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2018 - NIL).

Page 4 continued...
TCCH Property LLP (Registered number: OC335171)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2018 930,000
Disposals (930,000 )
At 31 March 2019 -
NET BOOK VALUE
At 31 March 2019 -
At 31 March 2018 930,000


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Bank loans and overdrafts - 25,000
VAT - 2,900
Accruals and deferred income 1,000 3,416
1,000 31,316

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.19 31.3.18
£    £   
Bank loans - 541,063

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.19 31.3.18
£    £   
Bank loans - 566,063

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a
winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an
event. There are no restrictions or limitations on the ability of the members to reduce the amount of Members
other interests.

9. RESERVES
Fair
value
reserve
£   
At 1 April 2018 (138,736 )
Realisation on sale of property 138,736
At 31 March 2019 -

Page 5
Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
TCCH Property LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual
unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a
Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Member are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability
Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your
approval the financial statements of TCCH Property LLP for the year ended 31 March 2019 which comprise the Income
Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of TCCH Property LLP in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TCCH Property LLP and state those matters that we have agreed to state to the members of TCCH Property LLP in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TCCH Property LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that TCCH Property LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TCCH Property LLP. You consider that TCCH Property LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TCCH Property LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lanham and Company Limited
Chartered Accountants
9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF


29 April 2019

This page does not form part of the statutory financial statements

Page 6