Company No: OC382446 (England and Wales)

Contents

• Limited Liability Partnership Information
• Accountants' Report
• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

Designated members	A A Clifton Limited
	Mrs S A Cliffton-Holt

Registered office	Haguelands
	Burmarsh Road
	Romney Marsh
	Kent
	TN29 0JR
	United Kingdom

Registered number

OC382446 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to Limited Liability Partnerships, we have prepared for your approval the financial statements of Florrie & Bertie LLP for the financial year ended 31 March 2025 which comprise the Balance Sheet, the Reconciliation of Members' Interests and the related notes 1 to 7 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 at www.icaew.com/regulation.

It is your duty to ensure that Florrie & Bertie 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 profit of Florrie & Bertie LLP. You consider that Florrie & Bertie LLP is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Florrie & Bertie 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.

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

Kreston Reeves LLP
Chartered Accountants

37 St Margarets Street
Canterbury
Kent
CT1 2TU

13 August 2025

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	1,207,647		1,207,647
		1,207,647		1,207,647
Current assets
Debtors	4	314,034		327,468
Cash at bank and in hand		369		2,000
		314,403		329,468
Creditors: amounts falling due within one year	5	( 59,636)		( 58,447)
Net current assets		254,767		271,021
Total assets less current liabilities		1,462,414		1,478,668
Creditors: amounts falling due after more than one year	6	( 43,636)		( 46,072)
Net assets attributable to members		1,418,778		1,432,596
Represented by
Members' other interests
Members' capital classified as equity		1,200,000		1,200,000
Other reserves		218,778		232,596
		1,418,778		1,432,596
		1,418,778		1,432,596
Total members' interests
Amounts due from members (included in debtors)		(314,034)		(327,468)
Members' other interests		1,418,778		1,432,596
		1,104,744		1,105,128

For the financial 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.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Florrie & Bertie LLP (registered number: OC382446) were approved and authorised for issue by the Board of Directors on 13 August 2025. They were signed on its behalf by:

Mrs S A Cliffton-Holt Designated member

	EQUITY Members' other interests			DEBT Loans and other debts due to members less any amounts due from members in debtors	Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Other amounts	Total
	£	£	£	£	£
Amounts due from members				(273,044)
Balance at 01 March 2023	1,200,000	210,225	1,410,225	(273,044)	1,137,181
Profit for the financial year/period available for discretionary division among members	0	232,596	232,596	0	232,596
Members' interest after profit for the financial year/period	1,200,000	442,821	1,642,821	(273,044)	1,369,777
Division of profit	0	(210,225)	(210,225)	210,225	0
Drawings	0	0	0	(264,649)	(264,649)
Amounts due from members				(327,468)
Balance at 31 March 2024	1,200,000	232,596	1,432,596	(327,468)	1,105,128
Profit for the financial year/period available for discretionary division among members	0	218,778	218,778	0	218,778
Members' interest after profit for the financial year/period	1,200,000	451,374	1,651,374	(327,468)	1,323,906
Division of profit	0	(232,596)	(232,596)	232,596	0
Drawings	0	0	0	(219,162)	(219,162)
Amounts due from members				(314,034)
Balance at 31 March 2025	1,200,000	218,778	1,418,778	(314,034)	1,104,744

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Florrie & Bertie LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Haguelands, Burmarsh Road, Romney Marsh, Kent, TN29 0JR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property

not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic division of profits are recognised as 'Member' remuneration charged as an expense in the Statement of Comprehensive Income.

2. Employees

	Year ended 31.03.2025		Period from 01.03.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	0		0

3. Tangible assets

	Investment property		Total
	£		£
Cost
At 01 April 2024	1,207,647		1,207,647
At 31 March 2025	1,207,647		1,207,647
Accumulated depreciation
At 01 April 2024	0		0
At 31 March 2025	0		0
Net book value
At 31 March 2025	1,207,647		1,207,647
At 31 March 2024	1,207,647		1,207,647

4. Debtors

	31.03.2025		31.03.2024
	£		£
Other debtors	314,034		327,468

5. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Accruals and deferred income	59,636		58,447

6. Creditors: amounts falling due after more than one year

	31.03.2025		31.03.2024
	£		£
Deferred income	43,636		46,072

Accruals and deferred income includes amounts not wholly repayable within 5 years of £33,892 (2023: £36,328).

7. Ultimate controlling party

The LLP is jointly controlled by the designated members