Tor Charters LLP - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: OC427541 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Tor Charters LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

D M Ridge

Mrs M Ridge

REGISTERED OFFICE:

Ridown Building Fulcrum 2

Solent Way

Whiteley

Fareham

Hampshire

PO15 7FN

REGISTERED NUMBER:

OC427541 (England and Wales)

ACCOUNTANTS:

Johnston Wood Roach Limited

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

FIXED ASSETS

Tangible assets

4

3,469,263

3,853,414

CURRENT ASSETS

Debtors

5

6,576

1,576

Cash at bank

3,289

3,358

9,865

4,934

CREDITORS

Amounts falling due within one year

6

2,610

-

NET CURRENT ASSETS

7,255

4,934

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,476,518

3,858,348

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

3,476,518

3,858,348

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

3,476,518

3,858,348

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 2023.

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 30 November 2023 and were signed by:

D M Ridge - Designated member

1.	STATUTORY INFORMATION

Tor Charters 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2022

4,283,665

Additions

1,253

At 31 March 2023

4,284,918

DEPRECIATION

At 1 April 2022

430,251

Charge for year

385,404

At 31 March 2023

815,655

NET BOOK VALUE

At 31 March 2023

3,469,263

At 31 March 2022

3,853,414

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other debtors

6,576

1,576

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

2,610

-

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.23

31.3.22

£

£

Amounts owed to members in respect of profits

3,476,518

3,858,348

Falling due within one year

3,476,518

3,858,348

Loans and other debts due to members' (other than members' capital classified as debt) would rank equally to other creditors.