Lincoln and Continental LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC397796 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025

FOR

LINCOLN AND CONTINENTAL LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Adca Investments Limited

Mrs J M Calnan

S J S Lark

R J L Philpott

Mrs L F Philpott

J D Powell

N Shadagopan

Mrs L J Calnan

Mrs V T Millard

Mrs J Powell

S R J Calnan

REGISTERED OFFICE:

3 Ulva Road

Putney

London

SW15 6AP

REGISTERED NUMBER:

OC397796 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Investment property

4

9,124,144

CURRENT ASSETS

Debtors

5

269,755

244,611

Cash at bank

11,629

9,514

281,384

254,125

CREDITORS

Amounts falling due within one year

6

241,388

231,710

NET CURRENT ASSETS

39,996

22,415

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

9,164,140

9,146,559

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

8,271,640

8,254,059

MEMBERS' OTHER INTERESTS

Capital accounts

892,500

9,164,140

9,146,559

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

8,271,640

8,254,059

Members' other interests

892,500

9,164,140

9,146,559

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 5th 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 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 1st September 2025 and were signed by:

R J L Philpott - Designated member

1.	STATUTORY INFORMATION

Lincoln and Continental 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.

Turnover

Turnover represents rents receivable, excluding value added tax.

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 6th April 2024

and 5th April 2025

9,124,144

NET BOOK VALUE

At 5th April 2025

9,124,144

At 5th April 2024

9,124,144

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5/4/25

5/4/24

£

Trade debtors

65,724

34,767

Prepayments

204,031

209,844

269,755

244,611

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5/4/25

5/4/24

£

VAT

10,458

10,363

Receipts in advance

228,230

218,269

Accrued expenses

2,700

3,078

241,388

231,710

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

5/4/25

5/4/24

£

Loans from members

8,095,972

Amounts owed to members in respect of profits

175,668

158,087

8,271,640

8,254,059

Falling due within one year

175,668

158,087

Falling due after more than one year

8,095,972

8,271,640

8,254,059

Loans and other debts due to members rank equally with other unsecured creditors.