Registered number
OC423495
Andromeda Property LLP
Filleted Accounts
31 March 2025
Andromeda Property LLP
Registered number: OC423495
Balance Sheet
as at 31 March 2025
Notes 2025 2023
£ £
Fixed assets
Tangible assets 3 2,816,667 2,881,667
Current assets
Debtors 4 - 7,797
Cash at bank and in hand 58,391 150,875
58,391 158,672
Creditors: amounts falling due within one year 5 (43,525) (3,692)
Net current assets 14,866 154,980
Total assets less current liabilities 2,831,533 3,036,647
Net assets attributable to members 2,831,533 3,036,647
Represented by:
Members' other interests
Members' capital classified as equity 3,250,000 3,250,000
Other reserves (418,467) (213,353)
2,831,533 3,036,647
2,831,533 3,036,647
Total members' interests
Members' other interests 2,831,533 3,036,647
2,831,533 3,036,647
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 25 June 2025 and signed on their behalf by:
P Hill
Designated member
Andromeda Property LLP
Notes to the Accounts
for the period from 1 August 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 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.
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.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
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.
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 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2024 3,250,000
At 31 March 2025 3,250,000
Depreciation
At 1 August 2024 368,333
Charge for the period 65,000
At 31 March 2025 433,333
Net book value
At 31 March 2025 2,816,667
At 31 July 2024 2,881,667
4 Debtors 2025 2024
£ £
Trade debtors - 7,797
5 Creditors: amounts falling due within one year 2025 2024
£ £
Amounts owed to group undertakings and undertakings in which the LLP has a participating interest 39,743 -
Other creditors 3,782 3,692
43,525 3,692
6 Other information
Andromeda Property LLP is a limited liability partnership incorporated in England. Its registered office is:
34 Croydon Road
Caterham
Surrey
CR3 6QB
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