Registered number
OC374944
ADRA Homes LLP
Filleted Accounts
31 March 2025
ADRA Homes LLP
Registered number: OC374944
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Current assets
Debtors 3 146,265 187,677
Cash at bank and in hand 42,402 80,982
188,667 268,659
Creditors: amounts falling due within one year 4 (2,175) (1,500)
Net current assets 186,492 267,159
Total assets less current liabilities 186,492 267,159
Net assets attributable to members 186,492 267,159
Represented by:
Loans and other debts due to members 5 49,038 125,493
Members' other interests
Members' capital classified as equity 1,000 1,000
Other reserves 136,454 140,666
137,454 141,666
186,492 267,159
Total members' interests
Loans and other debts due to members 5 49,038 125,493
Members' other interests 137,454 141,666
186,492 267,159
For the period ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.
These accounts were approved by the members on 17 April 2025 and signed on their behalf by:
H J Property Developments Ltd
Designated member
ADRA Homes LLP
Notes to the Accounts
for the period from 1 May 2024 to 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and the Statement of Recommended Practice (SORP), "Accounting by Limited Liability Partnerships".
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2025 2024
Number Number
Average number of persons employed by the LLP - -
3 Debtors 2025 2024
£ £
Trade debtors 71,766 105,955
Other debtors 74,499 81,722
146,265 187,677
4 Creditors: amounts falling due within one year 2025 2024
£ £
Other taxes and social security costs 675 -
Other creditors 1,500 1,500
2,175 1,500
5 Loans and other debts due to members 2025 2024
£ £
Loans from members 25,000 -
Amounts due to members in respect of profits 24,038 125,493
49,038 125,493
Amounts falling due within one year 49,038 125,493
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Other information
ADRA Homes LLP is a limited liability partnership incorporated in England. Its registered office is:
32 Addison Grove
London
W4 1ER
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