Craven Wildsmith Property Management LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC419253

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		44,345		47,168
Investments	5		9,314		-

			53,659		47,168
CURRENT ASSETS
Debtors	6	2,183		24,591
Cash at bank and in hand		48,821		33,696

		51,004		58,287
Creditors: Amounts Falling Due Within One Year	7	(54,781 )		(43,298 )

NET CURRENT ASSETS (LIABILITIES)			(3,777 )		14,989

TOTAL ASSETS LESS CURRENT LIABILITIES			49,882		62,157

Creditors: Amounts Falling Due After More Than One Year	8		(49,882 )		(62,157 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			-		-

REPRESENTED BY:
TOTAL MEMBERS' INTEREST
Amounts due from members			(921)		(18,341)

			(921)		(18,341)

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Craven Wildsmith Property Management 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 Neal Craven

Designated Member

24/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Craven Wildsmith Property Management LLP is a limited liability partnership, incorporated in England & Wales, registered number OC419253 . The Registered Office is 33 Northgate, Liley House, Tickhill, Doncaster, DN11 9HZ.

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:

Motor Vehicles	15% on Cost
Computer Equipment	33% on Cost

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 5 (2024: 5)

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Craven Wildsmith Property Management LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	44,095	7,644	51,739
Additions	-	6,394	6,394

As at 31 March 2025	44,095	14,038	58,133

Depreciation
As at 1 April 2024	1,526	3,045	4,571
Provided during the period	6,615	2,602	9,217

As at 31 March 2025	8,141	5,647	13,788

Net Book Value
As at 31 March 2025	35,954	8,391	44,345

As at 1 April 2024	42,569	4,599	47,168

5. Investments

	Unlisted
	£
Cost
As at 1 April 2024	-
Additions	9,314

As at 31 March 2025	9,314

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	9,314

As at 1 April 2024	-

6. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	750	630
Prepayments and accrued income	512	620
Other debtors	-	5,000
Amounts due from members	921	18,341

	2,183	24,591

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Craven Wildsmith Property Management LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,581	6,581
Trade creditors	9,514	5,165
Bank loans and overdrafts	5,659	5,520
Other taxes and social security	1,581	500
VAT	6,327	5,859
Other creditors	5,388	6,698
Pension creditor	214	145
Accruals and deferred income	19,517	12,830

	54,781	43,298

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	26,837	33,418
Bank loans	23,045	28,739

	49,882	62,157

9. Obligations Under Finance Leases and Hire Purchase

	31 March 2025	31 March 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,581	6,581
Later than one year and not later than five years	26,837	33,418

	33,418	39,999

	33,418	39,999

10. Ultimate Controlling Party

The LLP's ultimate controlling party is the members .

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