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Unaudited Financial Statements

for the Year Ended 5 April 2025

for

The Stewart Family LLP

The Stewart Family LLP (Registered number: OC434409)






Contents of the Financial Statements
for the Year Ended 5 April 2025




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Stewart Family LLP

General Information
for the Year Ended 5 April 2025







DESIGNATED MEMBERS: R G A Stewart
Mrs B A Stewart





REGISTERED OFFICE: 50 Parkholme Road
London
E8 3AQ





REGISTERED NUMBER: OC434409 (England and Wales)





ACCOUNTANTS: Michael Letch & Partners LLP
Accountants
146 High Street
Billericay
Essex
CM12 9DF

The Stewart Family LLP (Registered number: OC434409)

Balance Sheet
5 April 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 755,060 755,060

CURRENT ASSETS
Debtors 5 11,795 27,486
Cash at bank 81,433 24,613
93,228 52,099
CREDITORS
Amounts falling due within one year 6 62,014 28,618
NET CURRENT ASSETS 31,214 23,481
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

786,274

778,541

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

786,274

778,541

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 786,274 778,541
Amounts due from members 5 (9,351 ) (23,246 )
776,923 755,295

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 5 April 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 Stewart Family LLP (Registered number: OC434409)

Balance Sheet - continued
5 April 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 16 July 2025 and were signed by:





R G A Stewart - Designated member

The Stewart Family LLP (Registered number: OC434409)

Notes to the Financial Statements
for the Year Ended 5 April 2025

1. STATUTORY INFORMATION

The Stewart Family 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the rental income receivable for the period.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 6 April 2024
and 5 April 2025 755,060
NET BOOK VALUE
At 5 April 2025 755,060
At 5 April 2024 755,060

Freehold property consists of the following interests remaining in The Stewart Family LLP, following disposals made to the Stewart Family Discretionary Trust on 31st October 2023:


£   
Unit 1A Shelford Place343,000
Unit 1D Shelford Place 412,060
Total755,060

Cost or valuation at 5 April 2025 is represented by:

Land and
buildings
£   
Valuation in 2023 (282,640 )
Cost 1,037,700
755,060

The Stewart Family LLP (Registered number: OC434409)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts due from members 9,351 23,246
Prepayments 2,444 4,240
11,795 27,486

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other creditors 59,134 25,738
Accrued expenses 2,880 2,880
62,014 28,618

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2025 2024
£    £   
Amounts owed to members in respect of profits 31,214 23,481
Property capital accounts 755,060 755,060
786,274 778,541

Falling due within one year 786,274 778,541

Loans and other debts to members are not preferential to any other creditors.