REGISTERED NUMBER: OC418854 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Noonan Residential LLP

Page

General Information

1

Report of the Members

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

7

DESIGNATED MEMBERS:

Joanne Noonan Limited

M A Everett

REGISTERED OFFICE:

147a High Street

Waltham Cross

United Kingdom

Hertfordshire

EN8 7AP

REGISTERED NUMBER:

OC418854 (England and Wales)

ACCOUNTANTS:

Thickbroom Coventry Limited

Chartered Accountants

147a High Street

Waltham Cross

EN8 7AP

The members present their report with the financial statements of the LLP for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of management of real estate on a fee or contract basis.

DESIGNATED MEMBERS

The designated members during the year under review were:

Joanne Noonan Limited

M A Everett

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £98,349 (2023 - £116,516 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Joanne Noonan Limited - Designated member

30 August 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 Noonan Residential LLP for the year ended 31 December 2024 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 Noonan Residential 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 Noonan Residential LLP and state those matters that we have agreed to state to the members of Noonan Residential 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 Noonan Residential LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Noonan Residential 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 Noonan Residential LLP. You consider that Noonan Residential 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 Noonan Residential 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.

Thickbroom Coventry Limited

Chartered Accountants

147a High Street

Waltham Cross

EN8 7AP

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

TURNOVER

374,219

395,863

Cost of sales

(37,750

)

(39,759

)

GROSS PROFIT

336,469

356,104

Administrative expenses

(238,615

)

(234,362

)

OPERATING PROFIT

4

97,854

121,742

Interest receivable and similar income

495

376

98,349

122,118

Interest payable and similar expenses

-

(5,602

)

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

98,349

116,516

FIXED ASSETS

Tangible assets

5

17,573

19,774

CURRENT ASSETS

Debtors

6

17,627

21,956

Cash at bank

106,341

54,453

123,968

76,409

CREDITORS

Amounts falling due within one year

7

(120,604

)

(96,183

)

NET CURRENT ASSETS/(LIABILITIES)

3,364

(19,774

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

20,937

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

20,937

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

20,937

-

Amounts due from members

6

-

(5,595

)

20,937

(5,595

)

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 December 2024.

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 30 August 2025 and were signed by:

Joanne Noonan Limited - Designated member

M A Everett - Designated member

1.	STATUTORY INFORMATION

Noonan Residential 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2023 - 6 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2024

2023

£

£

Depreciation - owned assets

700

1,663

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

18,393

10,478

28,871

Additions

(1,501

)

-

(1,501

)

At 31 December 2024

16,892

10,478

27,370

DEPRECIATION

At 1 January 2024

-

9,097

9,097

Charge for year

-

700

700

At 31 December 2024

-

9,797

9,797

NET BOOK VALUE

At 31 December 2024

16,892

681

17,573

At 31 December 2023

18,393

1,381

19,774

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,987

2,720

Other debtors

13,640

19,236

17,627

21,956

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

26,563

22,621

Other creditors

94,041

73,562

120,604

96,183

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with other liabilities.