Company No: OC327415 (England and Wales)

Contents

• Statement of Financial Position
• Reconciliation of Members' Interests
• Notes to the Financial Statements

	Note	31.03.2025		31.12.2023
		£		£
Current assets
Debtors	3	86,426		86,426
		86,426		86,426
Creditors: amounts falling due within one year	4	( 95,012)		( 95,702)
Net current liabilities		(8,586)		(9,276)
Total assets less current liabilities		(8,586)		(9,276)
Net liabilities attributable to members		( 8,586)		( 9,276)
Represented by
Members' other interests
Other reserves		(8,586)		(9,276)
		(8,586)		(9,276)
		(8,586)		(9,276)
Total members' interests
Members' other interests		(8,586)		(9,276)
		(8,586)		(9,276)

For the financial period 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 Fusion 389 Cockfosters Road LLP (registered number: OC327415) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

N J Henry On behalf of Henry Homes Ltd

26 September 2025

	EQUITY Members' other interests	Total members' interests
	Other reserves	Total
	£	£
Balance at 01 January 2023	(8,586)	(8,586)
Loss for the financial period/year available for discretionary division among members	(690)	(690)
Members' interest after loss for the financial period/year	(9,276)	(9,276)
Balance at 31 December 2023	(9,276)	(9,276)
Profit for the financial period/year available for discretionary division among members	690	690
Members' interest after profit for the financial period/year	(8,586)	(8,586)
Balance at 31 March 2025	(8,586)	(8,586)

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 period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fusion 389 Cockfosters Road 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 35 Ballards Lane, London, N3 1XW, United Kingdom.

The LLP ceased trading in prior years and has been dormant since.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Going concern

The members have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The members present a longer period of account from 1 January 2024 to 31 March 2025. As such the comparatives for a whole year are not entirely comparable.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

	Period from 01.01.2024 to 31.03.2025		Year ended 31.12.2023
	Number		Number
Monthly average number of persons employed by the LLP during the period	0		0

3. Debtors

	31.03.2025		31.12.2023
	£		£
Other debtors	86,426		86,426

Other debtors are loans of £86,426 (2023: 86,426) which are unsecured, attract no interest and repayable on demand.

4. Creditors: amounts falling due within one year

	31.03.2025		31.12.2023
	£		£
Trade creditors	0		690
Other creditors	95,012		95,012
	95,012		95,702