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REGISTERED NUMBER: OC317944 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Next Door Property LLP

Next Door Property LLP (Registered number: OC317944)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 5


Next Door Property LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: Mrs R M Hodd
Mr N F B Hodd
Mr A D Pepper
Mrs S Pepper





REGISTERED OFFICE: 31 St Helen's Down
Hastings
East Sussex
TN34 2BG





REGISTERED NUMBER: OC317944 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Next Door Property LLP (Registered number: OC317944)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 200,000 200,000

CURRENT ASSETS
Debtors 2,778 5,675
Cash at bank 10,724 9,429
13,502 15,104
CREDITORS
Amounts falling due within one year 5 1,680 4,187
NET CURRENT ASSETS 11,822 10,917
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

211,822

210,917

Next Door Property LLP (Registered number: OC317944)

Balance Sheet - continued
31 March 2025

2025 2024
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

88,641

87,736

MEMBERS' OTHER INTERESTS
Capital accounts 121,055 121,055
Fair value reserve 7 2,126 2,126
211,822 210,917

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 88,641 87,736
Members' other interests 123,181 123,181
Amounts due from members (2,778 ) (5,675 )
209,044 205,242

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.

Next Door Property LLP (Registered number: OC317944)

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 29 August 2025 and were signed by:





Mr A D Pepper - Designated member

Next Door Property LLP (Registered number: OC317944)

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

1. STATUTORY INFORMATION

Next Door Property LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 as modified by the revaluation of certain assets.

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.

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
and 31 March 2025 200,000
NET BOOK VALUE
At 31 March 2025 200,000
At 31 March 2024 200,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2022 2,126
Cost 197,874
200,000

Next Door Property LLP (Registered number: OC317944)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other creditors 1,680 4,187

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, the amounts included in loans and other debts due to members will rank equally with unsecured creditors.

7. RESERVES
Fair
value
reserve
£   
At 1 April 2024
and 31 March 2025 2,126