ACCOUNTS - Final Accounts

Registered number: OC451205

WRENBRIDGE (FRELD STEVENAGE PM) LLP

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

WRENBRIDGE (FRELD STEVENAGE PM) LLP

CONTENTS

	Page
Balance sheet	1 - 2
Reconciliation of members' interests	3
Notes to the financial statements	4 - 8

WRENBRIDGE (FRELD STEVENAGE PM) LLP

REGISTERED NUMBER: OC451205

BALANCE SHEET

AS AT 31 MARCH 2025

		2025
Note		£

Fixed assets
Investments	4		713,685
			713,685
Current assets
Debtors: amounts falling due within one year	5	28,734
Cash at bank and in hand	6	20,277
		49,011
Creditors: Amounts Falling Due Within One Year	7	(32,234)
Net current assets			16,777
Total assets less current liabilities			730,462

Net assets			730,462

Represented by:
Loans and other debts due to members within one year
Other amounts	9		(6,425)
			(6,425)
Members' other interests
Members' capital classified as equity		100
Other reserves classified as equity		18,364
Members contribution classified as equity		718,423
			736,887
			730,462

Total members' interests
Loans and other debts due to members	9	(6,425)
Members' other interests		736,887
		730,462

Page 1

WRENBRIDGE (FRELD STEVENAGE PM) LLP

REGISTERED NUMBER: OC451205

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

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

The entity 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.

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.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 15 September 2025.

................................................

C A Allen
On behalf of Fiera Real Estate UK Limited

Designated member

The notes on pages 4 to 8 form part of these financial statements.

Page 2

WRENBRIDGE (FRELD STEVENAGE PM) LLP

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE PERIOD ENDED 31 MARCH 2025


	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	Members reserves	Total	Current account	Total	Total
	£	£	£	£	£	£	£
Balance at 25 February 2024	-	-	-	-	-	-	-
Other division of profits	-	-	-	-	(6,425)	(6,425)	(6,425)
Members' contribution	-	18,364	718,423	736,787	-	-	736,787
Amounts introduced by members	100	-	-	100	-	-	100
Amounts due to members					(6,425)	(6,425)
Balance at 31 March 2025	100	18,364	718,423	736,887	(6,425)	(6,425)	730,462

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.

Page 3

WRENBRIDGE (FRELD STEVENAGE PM) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

Wrenbridge (FRELD Stevenage PM) LLP is a Limited Liability Partnership, registered in England and Wales, registration number OC449299. The address of the registered office is Third Floor Queensberry House, 3 Old Burlington Street, London, W1S 3AE.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The LLP is currently reliant on its members for financial support. The members are committed to the sustainment of the LLP and its activities, and are confident that the LLP has the resources to continue operating for at least 12 months from the date the financial statements are authorised. The members have concluded that it is appropriate that the financial statements be prepared on a going concern basis.

2.3

Turnover

Turnover represents fees receivable net of VAT and share of partnership result.
Income is recognised as follows:
(i) Fees receivable - turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided based on a proportion of the total expected consideration at completion.
(ii) Share of partnership result - upon realisation of the profit or loss in the partnership.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

WRENBRIDGE (FRELD STEVENAGE PM) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

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 divisions of profits are recognised as 'Members' remuneration charged as an expense in .

2.6

Valuation of investments

The valuation of the investment in the SPV is based on the entity's entitlement to the proportion of the net assets of the SPV after adjusting for the fair value of the stock held.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's Balance sheet when the LLP becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is

Page 5

WRENBRIDGE (FRELD STEVENAGE PM) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.10

Financial instruments (continued)

measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

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 LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Members

The entity has no employees
The average monthly number of members during the period was 6.

Page 6

WRENBRIDGE (FRELD STEVENAGE PM) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

4.	Fixed asset investments

	Investments	Loans to investments	Fair value adjustments	Current account	Total
	£	£	£	£	£
Cost or valuation
At 26 February 2024	-	-	-	-	-
Additions	3	698,421	-	(3,103)	695,321
Revaluations	-	-	18,364	-	18,364
At 31 March 2025	3	698,421	18,364	(3,103)	713,685

Debtors

					2025
					£


	Trade debtors	28,634
	Called up share capital not paid	100
		28,734

6.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	20,277
		20,277

7.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	28,634
	Accruals and deferred income	3,600
		32,234

Page 7

WRENBRIDGE (FRELD STEVENAGE PM) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

8.	Other reserves

This represents the fair value adjustment of the investment. This reserve is undistributable.

9.	Loans and other debts due to members

		2025
		£


	Other amounts due from members	(6,425)
		(6,425)

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

Page 8