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REGISTERED NUMBER: OC331363 (England and Wales)
























REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

FRANCOL PROPERTIES LLP

FRANCOL PROPERTIES LLP (REGISTERED NUMBER: OC331363)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

General Information 1

Report of the Members 2

Accountants' Report 3

Income Statement 4

Balance Sheet 5

Reconciliation of Members' Interests 6

Notes to the Financial Statements 8


FRANCOL PROPERTIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DESIGNATED MEMBERS: O L Spiller
G R Spiller
F A Spiller





REGISTERED OFFICE: Equinox House
Clifton Park Avenue
Shipton Road
York
North Yorkshire
YO30 5PA





REGISTERED NUMBER: OC331363 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

FRANCOL PROPERTIES LLP (REGISTERED NUMBER: OC331363)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 AUGUST 2024


The members present their report with the financial statements of the LLP for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of consultancy services and the holding of investment property.

DESIGNATED MEMBERS
The designated members during the year under review were:

O L Spiller
G R Spiller
F A Spiller

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £10,703 (2023 - £25,409 profit).

MEMBERS' INTERESTS

STATEMENT OF MEMBERS' RESPONSIBILITIES
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:





G R Spiller - Designated member


13 May 2025

ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FRANCOL PROPERTIES LLP



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company from the company's accounting records and from information and explanations you have given us.

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

It is your duty to ensure that the company 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 the company. You consider that the company 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 the company. 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.






Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA


14 May 2025

FRANCOL PROPERTIES LLP (REGISTERED NUMBER: OC331363)

INCOME STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024

2024 2023
Notes £    £   

TURNOVER 15,051 15,000

Administrative expenses 42,808 28,392
(27,757 ) (13,392 )

Other operating income 38,460 38,801
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



10,703



25,409

FRANCOL PROPERTIES LLP (REGISTERED NUMBER: OC331363)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 5,647 7,517
Investment property 6 620,000 620,000
625,647 627,517

CURRENT ASSETS
Debtors 7 86,206 650,847
Cash at bank 50,596 91,298
136,802 742,145
CREDITORS
Amounts falling due within one year 8 43,919 3,349
NET CURRENT ASSETS 92,883 738,796
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 718,530 1,366,313

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

718,530

1,366,313

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 718,530 1,366,313

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 August 2024.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 13 May 2025 and were signed by:




G R Spiller - Designated member

FRANCOL PROPERTIES LLP (REGISTERED NUMBER: OC331363)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 AUGUST 2024


EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 1,366,313
Amount due from members -
Balance at 1 September 2023 - 1,366,313 1,366,313
Profit for the financial year
available for discretionary
division among members


10,703


-


10,703


Members' interests after profit
for the year

10,703

1,366,313

1,377,016

Other divisions of profit (10,703 ) 10,703 -
Drawings on account and
distributions of profit

-

(658,486

)

(658,486

)

Amount due to members 718,530
Amount due from members -
Balance at 31 August 2024 - 718,530 718,530

FRANCOL PROPERTIES LLP (REGISTERED NUMBER: OC331363)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 AUGUST 2024

EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 1,359,905
Amount due from members -
Balance at 1 September 2022 - 1,359,905 1,359,905
Profit for the financial year
available for discretionary
division among members


25,409


-


25,409


Members' interests after profit
for the year

25,409

1,359,905

1,385,314

Other divisions of profit (25,409 ) 25,409 -
Drawings on account and
distributions of profit

-

(19,001

)

(19,001

)

Amount due to members 1,366,313
Amount due from members -
Balance at 31 August 2023 - 1,366,313 1,366,313

FRANCOL PROPERTIES LLP (REGISTERED NUMBER: OC331363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Francol Properties 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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 3 (2023 - 3 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 1,870 2,490

FRANCOL PROPERTIES LLP (REGISTERED NUMBER: OC331363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 47,021
DEPRECIATION
At 1 September 2023 39,504
Charge for year 1,870
At 31 August 2024 41,374
NET BOOK VALUE
At 31 August 2024 5,647
At 31 August 2023 7,517

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 620,000
NET BOOK VALUE
At 31 August 2024 620,000
At 31 August 2023 620,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,341 15,514
Other debtors 70,865 635,333
86,206 650,847

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 43,919 3,349

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

10. RELATED PARTY DISCLOSURES

Included in other debtors as at the balance sheet date is an amount of £3,435 (2023 : £487,713) due from companies associated with the director. Included in other creditors as at the balance sheet date is an amount of £40,718 (2023 : £nil) due from a company associated with the director.