The Ainderby LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC379107 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

The Ainderby LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

D A Kerfoot

E M Kerfoot

REGISTERED OFFICE:

Ainderby Manor

Manor Lane

Ainderby Steeple

Northallerton

North Yorkshire

DL7 9PY

REGISTERED NUMBER:

OC379107 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Investment property

4

3,000,000

CURRENT ASSETS

Debtors

5

8,176

7,802

Cash at bank

16,443

18,742

24,619

26,544

CREDITORS

Amounts falling due within one year

6

(83,217

)

(81,669

)

NET CURRENT LIABILITIES

(58,598

)

(55,125

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,941,402

2,944,875

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

1,023,227

1,026,700

MEMBERS' OTHER INTERESTS

Fair value reserve

8

1,918,175

2,941,402

2,944,875

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,023,227

1,026,700

Members' other interests

1,918,175

2,941,402

2,944,875

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 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 7 August 2025 and were signed by:

D A Kerfoot - Designated member

1.	STATUTORY INFORMATION

The Ainderby 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

Exemption from preparing group accounts

The limited liability partnership is part of a small group. The limited liability partnership has taken advantage of the exemption provided by Section 399 (2A) of the Companies Act 2006, as applied to limited liability partnerships, and has not prepared group accounts.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to charge rental for the period. Revenue is measured at the fair value of the rental income due for the accounting period, excluding discounts, rebates, VAT and other sales tax or duty and includes and commissions arising on recharges of insurance, etc.

Investment property

Investment property is carried at fair value. Changes in fair value are recognised in profit or loss and are held in a separate fair value reserve on the balance sheet.

Financial instruments

Impairment of financial assets

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the

financial asset expire or are settled, b) the limited liability partnership transfers to another party substantially all

of the risks and rewards of ownership of the financial asset, or c) the limited liability partnership, despite having retained some significant risks and rewards of ownership, has transferred control of the asset to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

Member's remuneration and division of profits

Members' fixed shares of profits (excluding discretionary fixed share bonuses and gains or losses on revaluations of investment property) and interest earned on members 'balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.

Gains or losses on revaluations of investment property are allocated to a fair revaluation reserve.

The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

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

3,000,000

NET BOOK VALUE

At 31 March 2025

3,000,000

At 31 March 2024

3,000,000

The investment property was valued by an independent external RICS registered surveyor in May 2022.

The designated members are of the opinion that the fair value hasn't changed since that date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Prepayments and accrued income

8,176

7,802

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

120

-

Social security and other taxes

11,981

Other creditors

500

-

Accruals and deferred income

70,616

69,688

83,217

81,669

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

Amounts owed to members in respect of profits

1,023,227

1,026,700

Falling due within one year

1,023,227

1,026,700

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

8.

RESERVES

Fair

value

reserve

£

At 1 April 2024

1,918,175

At 31 March 2025

1,918,175