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REGISTERED NUMBER: OC447832 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LARGAN ESTATES AND PROPERTIES LLP

LARGAN ESTATES AND PROPERTIES LLP (REGISTERED NUMBER: OC447832)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


LARGAN ESTATES AND PROPERTIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DESIGNATED MEMBERS: M T Largan
Miss S K Largan





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: OC447832 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

LARGAN ESTATES AND PROPERTIES LLP (REGISTERED NUMBER: OC447832)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2025

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of letting and operating of own or leased real estate.

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

M T Largan
Miss S K Largan

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £60,783 (2024 - £27,805 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





M T Largan - Designated member


16 June 2025

LARGAN ESTATES AND PROPERTIES LLP (REGISTERED NUMBER: OC447832)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025

Period
21.6.23
Year Ended to
31.3.25 31.3.24
£    £   

REVENUE 121,529 56,381

Cost of sales 19,831 7,920
GROSS PROFIT 101,698 48,461

Administrative expenses 40,915 20,656
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT SHARES
AVAILABLE FOR DISCRETIONARY DIVISION
AMONG MEMBERS



60,783



27,805

LARGAN ESTATES AND PROPERTIES LLP (REGISTERED NUMBER: OC447832)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,231,500 2,231,500

CURRENT ASSETS
Debtors 5 1,226 1,063
Cash at bank 1,862 3,534
3,088 4,597
CREDITORS
Amounts falling due within one year 6 2,490 2,340
NET CURRENT ASSETS 598 2,257
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,232,098 2,233,757

LOANS AND OTHER DEBTS DUE TO MEMBERS 598 2,257

MEMBERS' OTHER INTERESTS
Capital accounts 2,231,500 2,231,500
2,232,098 2,233,757

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 598 2,257
Members' other interests 2,231,500 2,231,500
Amounts due from members 5 (1,002 ) -
2,231,096 2,233,757

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 2025.

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 16 June 2025 and were signed by:





M T Largan - Designated member

LARGAN ESTATES AND PROPERTIES LLP (REGISTERED NUMBER: OC447832)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Largan Estates and 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.

Turnover
Revenue 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4. PROPERTY, PLANT AND EQUIPMENT
Land and
buildings
£   
COST
At 1 April 2024
and 31 March 2025 2,231,500
NET BOOK VALUE
At 31 March 2025 2,231,500
At 31 March 2024 2,231,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 224 1,063
Other debtors 1,002 -
1,226 1,063

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other creditors 2,490 2,340