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REGISTERED NUMBER: OC435001 (England and Wales)










Financial Statements

for the Year Ended 31 March 2025

for

P & M Properties Trading Partnership LLP

P & M Properties Trading Partnership LLP (Registered number: OC435001)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P & M Properties Trading Partnership LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: M Burtenshaw
P Burtenshaw
P&M Properties Trading Ltd





REGISTERED OFFICE: 46 Coatham Road
Redcar
United Kingdom
TS10 1RS





REGISTERED NUMBER: OC435001 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

P & M Properties Trading Partnership LLP (Registered number: OC435001)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
Fixed assets
Investment property 4 6,523,000 6,310,000

Current assets
Debtors 5 12,250 8,820

Creditors
Amounts falling due within one year 6 (2,730 ) (2,760 )
Net current assets 9,520 6,060
Total assets less current liabilities 6,532,520 6,316,060

Creditors
Amounts falling due after more than one year 7 (2,679,158 ) (2,688,477 )
Net assets attributable to members 3,853,362 3,627,583

Loans and other debts due to members 9 3,853,362 3,627,583

Total members' interests
Loans and other debts due to members 9 3,853,362 3,627,583

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.

P & M Properties Trading Partnership LLP (Registered number: OC435001)

Balance Sheet - continued
31 March 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 18 August 2025 and were signed by:





P Burtenshaw - Designated member

P & M Properties Trading Partnership LLP (Registered number: OC435001)

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

1. STATUTORY INFORMATION

P & M Properties Trading Partnership 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 1 (2024 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 6,310,000
Revaluations 213,000
At 31 March 2025 6,523,000
NET BOOK VALUE
At 31 March 2025 6,523,000
At 31 March 2024 6,310,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2023 (35,000 )
Valuation in 2024 30,000
Valuation in 2025 213,000
Cost 6,315,000
6,523,000

P & M Properties Trading Partnership LLP (Registered number: OC435001)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Accruals 12,250 8,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 144
Other creditors 1,154 1,154
Accrued expenses 1,576 1,462
2,730 2,760

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Mortgages 2,679,158 2,688,477

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Mortgages 2,679,158 2,688,477

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.