LPF Property Ventures LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC414479

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		49,265		2,359

			49,265		2,359
CURRENT ASSETS
Debtors	5	1,595		10,769
Cash at bank and in hand		4,141		1,234

		5,736		12,003
Creditors: Amounts Falling Due Within One Year	6	(18,494 )		(233 )

NET CURRENT ASSETS (LIABILITIES)			(12,758 )		11,770

TOTAL ASSETS LESS CURRENT LIABILITIES			36,507		14,129

NET ASSETS ATTRIBUTABLE TO MEMBERS			36,507		14,129

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		3,649		(25,936)
Other amounts		32,858		40,065

			36,507		14,129

			36,507		14,129

TOTAL MEMBERS' INTEREST
Amounts due from members			-		(10,769)
Loans and other debts due to members within one year			36,507		14,129

			36,507		3,360

Page 1

Page 2

LPF Property Ventures LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Simon Froom

Designated Member

06/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

LPF Property Ventures LLP is a limited liability partnership, incorporated in England & Wales, registered number OC414479 . The Registered Office is Little Park Farm, The Forehead, Mortimer, RG7 2AR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10 years straight line
Fixtures & Fittings	4 years straight line

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

Page 3

Page 4

LPF Property Ventures LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	-	2,516	2,516
Additions	47,535	-	47,535

As at 31 March 2025	47,535	2,516	50,051

Depreciation
As at 1 April 2024	-	157	157
Provided during the period	-	629	629

As at 31 March 2025	-	786	786

Net Book Value
As at 31 March 2025	47,535	1,730	49,265

As at 1 April 2024	-	2,359	2,359

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
VAT	1,595	-
Amounts due from members	-	10,769

	1,595	10,769

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	8,730	(9,531 )
Other creditors	9,764	9,764

	18,494	233

Page 4