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REGISTERED NUMBER: OC439177 (England and Wales)












REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

STALLEY PROPERTY MANAGEMENT LLP

STALLEY PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC439177)

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










Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 4

Income Statement 5

Statement of Financial Position 6

Notes to the Financial Statements 8


STALLEY PROPERTY MANAGEMENT LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DESIGNATED MEMBERS: Mr J Stalley
Mrs Y L Stalley



REGISTERED OFFICE: Unit 2.02 High Weald House
Glovers End
Bexhill On Sea
East Sussex
TN39 5ES



REGISTERED NUMBER: OC439177 (England and Wales)



ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES



LLP MEMBER: Stalley Investment Limited

STALLEY PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC439177)

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 rental of residential properties.

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

Mr J Stalley
Mrs Y L Stalley

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £13,596 (2024 - £7,647 profit).

MEMBERS' INTERESTS
The members take drawings in accordance with the partnership agreement. The profits of the business are attributed firstly to meet the expenses and liabilities of the partnership, secondly to provide for future trading, thirdly to apply remuneration for those members engaged in the business and finally to allocation of profits between the partners as decided from time to time.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) Application of Companies Act 2006) Regulations 2008 relating to small LLPs.

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.


STALLEY PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC439177)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2025

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:



Mr J Stalley - Designated member


18 July 2025

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
STALLEY PROPERTY MANAGEMENT LLP



In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Stalley Property Management LLP for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Stalley Property Management LLP, 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 Stalley Property Management LLP and state those matters that we have agreed to state to the members of Stalley Property Management LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stalley Property Management LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Stalley Property Management LLP 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 Stalley Property Management LLP. You consider that Stalley Property Management LLP 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 Stalley Property Management LLP. 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.






Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES


18 July 2025

STALLEY PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC439177)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
£    £   

TURNOVER - -

Administrative expenses 13,029 8,228
(13,029 ) (8,228 )

Other operating income 26,625 15,875
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




13,596




7,647

STALLEY PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC439177)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 325,000 535,000

CURRENT ASSETS
Debtors 29,644 23,017
Cash at bank 4,097 1,174
33,741 24,191
CREDITORS
Amounts falling due within one year 5 14,548 13,712
NET CURRENT ASSETS 19,193 10,479
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

344,193

545,479

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

19,193

10,479

MEMBERS' OTHER INTERESTS
Capital accounts 325,000 535,000
344,193 545,479

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 19,193 10,479
Members' other interests 325,000 535,000
Amounts due from members (29,644 ) (23,017 )
314,549 522,462

STALLEY PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC439177)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2025


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 18 July 2025 and were signed by:





Mr J Stalley - Designated member

STALLEY PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC439177)

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


1. STATUTORY INFORMATION

Stalley Property Management 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.

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 NIL (2024 - NIL).

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2024 535,000
Disposals (210,000 )
At 31 March 2025 325,000
Net book value
At 31 March 2025 325,000
At 31 March 2024 535,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other creditors 14,548 13,712

STALLEY PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC439177)

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


6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2025 2024
£    £   
Amounts owed to members in respect of profits 19,193 10,479

Falling due within one year 19,193 10,479

This is not loan to members, this is the current accounts of designated partners.