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REGISTERED NUMBER: OC338818 (England and Wales)














Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

ESPA Property Trading LLP

ESPA Property Trading LLP (Registered number: OC338818)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Report of the Members 1

Income Statement 2

Balance Sheet 3

Notes to the Financial Statements 4


ESPA Property Trading LLP (Registered number: OC338818)

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 property rental.

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

Mr C R Topham
Houndhill Associates Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £139,736 (2024 - £1,689 loss).

MEMBERS' INTERESTS
Members Capital

The basis on which Members are invited to subscribe for capital is set out in the Members' Agreement. There is no unconditional obligation on the LLP to repay capital unless instructed by the Members.

The Members may draw such sums as they unanimously agree from time to time on account of profit. If any Member withdraws funds in excess of his profit share for an accounting year, that Member shall repay the excess drawings to the LLP immediately together with interest on the excess at an interest rate of 3% above the base lending rate.

Member' profit share

ESPA Property Trading LLP does not have any Members whose remuneration is classed as an expense.

Profits/losses are allocated to Members in line with the agreed proportions as set out in the Members agreement. All profits are allocated to Mr C R Topham and all losses will be borne by Mr C R Topham.

ON BEHALF OF THE MEMBERS:





Mr C R Topham - Designated member


24 June 2025

ESPA Property Trading LLP (Registered number: OC338818)

Income Statement
for the Year Ended 31 March 2025

2025 2024
£    £   

TURNOVER 31,800 31,635

Cost of sales 10,989 23,831
GROSS PROFIT 20,811 7,804

Administrative expenses (118,925 ) 9,493
OPERATING PROFIT/(LOSS) and
PROFIT/(LOSS) FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT SHARES
AVAILABLE FOR DISCRETIONARY DIVISION
AMONG MEMBERS



139,736



(1,689



)

ESPA Property Trading LLP (Registered number: OC338818)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Investment property 4 870,871 989,069

CURRENT ASSETS
Debtors 5 6,851 1,386
Cash at bank 30,967 23,469
37,818 24,855
CREDITORS
Amounts falling due within one year 6 2,627 2,598
NET CURRENT ASSETS 35,191 22,257
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 906,062 1,011,326

LOANS AND OTHER DEBTS DUE TO MEMBERS 7 245,303 105,567

MEMBERS' OTHER INTERESTS
Capital accounts 660,759 905,759
906,062 1,011,326

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 245,303 105,567
Members' other interests 660,759 905,759
906,062 1,011,326

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 24 June 2025 and were signed by:





Mr C R Topham - Designated member

ESPA Property Trading LLP (Registered number: OC338818)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

ESPA Property Trading LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC338818

Registered office: Kennedy House
31 Stamford Street
Altrincham
Cheshire
WA14 1ES

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents rents received excluding value added tax and is recognised in the period to which it relates.

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.

Revenue recognition
Revenue in respect of the sale of land and property is recognised on legal completion. Any non-refundable monies received on aborted contracts are treated as income in the year of abortion of contract.

Revenue in respect of rental income is recognised in the period to which it relates.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 1,165,717
Disposals (231,804 )
At 31 March 2025 933,913
DEPRECIATION
At 1 April 2024 176,648
Impairments (113,606 )
At 31 March 2025 63,042
NET BOOK VALUE
At 31 March 2025 870,871
At 31 March 2024 989,069

ESPA Property Trading LLP (Registered number: OC338818)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 300 -
Amounts owed by related
parties 5,000 -
Prepayments 1,551 1,386
6,851 1,386

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Deferred income 1,667 1,668
Accrued expenses 960 930
2,627 2,598

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the case of a winding up, the amounts due to members would be settled after other third party creditors.