Ten Financial LLP - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: OC398611 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Ten Financial LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M J Evans

Mrs R E Evans

REGISTERED OFFICE:

3 Park Square

Leeds

LS1 2NE

REGISTERED NUMBER:

OC398611 (England and Wales)

ACCOUNTANTS:

Charles Stewart & Co Limited

Chartered Accountants

3 Park Square

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

4

5,802

8,821

CURRENT ASSETS

Debtors

5

225,164

2,743,459

Cash at bank

109,350

111,391

334,514

2,854,850

CREDITORS

Amounts falling due within one year

6

8,750

2,863,671

NET CURRENT ASSETS/(LIABILITIES)

325,764

(8,821

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

331,566

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

331,566

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

331,566

-

Amounts due from members

5

-

(2,393,459

)

331,566

(2,393,459

)

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 27 January 2024 and were signed by:

M J Evans - Designated member

1.	STATUTORY INFORMATION

Ten Financial 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.

Computer equipment

-

25% on reducing balance

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2022 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

33,482

Additions

1,888

At 31 March 2023

35,370

DEPRECIATION

At 1 April 2022

24,661

Charge for year

4,907

At 31 March 2023

29,568

NET BOOK VALUE

At 31 March 2023

5,802

At 31 March 2022

8,821

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

110,000

350,000

Amounts due from members

-

2,393,459

Prepayments

115,164

-

225,164

2,743,459

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Accrued expenses

8,750

2,863,671

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

8.	ULTIMATE CONTROLLING PARTY

The LLP is under the ultimate control of its members.