The Strathearn House LLP - LLP accounts 24.3

REGISTERED NUMBER: OC335949 (England and Wales)

THE STRATHEARN HOUSE LLP

MEMBERS' REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

General information

1

Members' report

2

Chartered accountants' report

3

Income statement

4

Balance sheet

5

Notes to the financial statements

6

Designated members:

M R Davies

C L Manton

Segar Properties (Hyde Park) Limited

Registered office:

68 Queens Gardens

London

W2 3AH

Registered number:

OC335949 (England and Wales)

Accountants:

Roberts & Co

Chartered Accountants

2 Tower House

Hoddesdon

Hertfordshire

EN11 8UR

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

Principal activity

The principal activity of the LLP in the year under review was that of the management of Strathearn House, 2 Strathearn Place, London W2.

Designated members

The designated members during the year under review were:

M R Davies

C L Manton

Segar Properties (Hyde Park) Limited

Results for the year and allocation to members

The loss for the year before members' remuneration and profit shares was £58 (2024 - £1,865 profit).

Members' interests

Each member's subscription to the capital of the LLP is determined by their share of profit and is repayable following retirement from the LLP.

Members are remunerated from the profits of the LLP and are required to make their own provisions for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements.

On behalf of the members:

M R Davies - Designated member

12 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of The Strathearn House LLP for the year ended 31 March 2025 which comprise the Income statement, Balance sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of The Strathearn House LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Strathearn House LLP and state those matters that we have agreed to state to the members of The Strathearn House LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Strathearn House LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that The Strathearn House LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Strathearn House LLP. You consider that The Strathearn House LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Strathearn House LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Roberts & Co

Chartered Accountants

2 Tower House

Hoddesdon

Hertfordshire

EN11 8UR

Date: .............................................

Income

-

Expenditure

407

400

(407

)

(400

)

Ground rent income

312

2,265

Operating (loss)/profit

(95

)

1,865

Interest receivable and similar income

37

-

(Loss)/profit for the financial year before
members' remuneration and profit shares
available for discretionary division among
members

(58

)

1,865

Assets

Current assets

Debtors: amounts falling due within one year

4

1,907

1,965

1,907

1,965

Capital, reserves and liabilities

Loans and other debts due to members

5

1,907

1,965

1,907

1,965

Total members' interests

Loans and other debts due to members

5

1,907

1,965

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.

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

The financial statements were approved by the members of the LLP and authorised for issue on 12 September 2025 and were signed by:

M R Davies - Designated member

1.	Statutory information

The Strathearn House 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.

3.	Employee information

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

4.

Debtors: amounts falling due within one year

2025

2024

£

Amounts owed to service charge

1,907

1,830

Prepayments

-

135

1,907

1,965

5.

Loans and other debts due to members

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

6.	Ultimate controlling party

The controlling party is the members.