Registered No. NC000136 (Northern Ireland)
Twisel Burn LLP
Unaudited accounts
for the year ended 31 March 2023
Twisel Burn LLP
Statement of financial position
as at 31 March 2023
Tangible assets
508,511
508,511
Cash at bank and in hand
3,699
7,045
Creditors: amounts falling due within one year
(61,506)
(64,497)
Net current liabilities
(38,654)
(45,681)
Total assets less current liabilities
469,857
462,830
Creditors: amounts falling due after more than one year
(223,188)
(260,967)
Net assets attributable to members
246,669
201,863
Loans and other debts due to members
244,669
199,863
Members' capital classified as equity
2,000
2,000
Loans and other debts due to members
244,669
199,863
Members' other interests
2,000
2,000
For the year ending 31 March 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 20 December 2023.
Mr Peter Greene
Designated member
Limited Liability Partnership Registration No. NC000136
Twisel Burn LLP
Notes to the Accounts
for the year ended 31 March 2023
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Twisel Burn LLP is a limited liability partnership, incorporated in Northern Ireland, registration number NC000136. Its registered office is THE OFFICE DOCK, UNIT 2, CHANNEL WHARF, 21 OLD CHANNEL ROAD, BELFAST, BT3 9DE.
3
Tangible fixed assets
Land & buildings
4
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
42,000
41,200
Taxes and social security costs
3,331
5,258
Other creditors
10,800
10,800
5
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
223,188
260,967
Twisel Burn LLP
Notes to the Accounts
for the year ended 31 March 2023
6
Loans and other debts due to members
2023
2022
Loans from members
244,669
199,863
Amounts falling due within one year
244,669
199,863
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
