Dower House Properties LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: OC400861

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		974,187

			-		974,187
CURRENT ASSETS
Debtors	6	-		716

		-		716
Creditors: Amounts Falling Due Within One Year	7	-		(2,280 )

NET CURRENT ASSETS (LIABILITIES)			-		(1,564 )

TOTAL ASSETS LESS CURRENT LIABILITIES			-		972,623

Creditors: Amounts Falling Due After More Than One Year	8		-		(175,579 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			-		797,044

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		-		445,604

			-		445,604

Equity
Members' other interests
Revaluation reserve		-		351,440

			-		351,440

			-		797,044

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			-		445,604
Members' other interests			-		351,440

			-		797,044

Page 1

Page 2

Dower House Properties 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

Christopher Albion

Designated Member

27th September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Dower House Properties LLP is a limited liability partnership, incorporated in England & Wales, registered number OC400861 . The Registered Office is 28 Meadow Road, Wolston, Coventry, Warwickshire, CV8 3HL.

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 have been prepared on the historical cost basis, as modified by the revaluation of Iinvestment Properties measured at fair value through profit or loss.

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Going Concern Disclosure

The LLP's principal activity continued to be that of residential property investment and rental until 31 March 2025.

At that date the Beneficial Interest in the assets and activities were transferred to the Members of the LLP and responsibility accepted for meeting the loan repayments and liabilities payable. The LLP ceased to be operational.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts or allowances, in respect of rental income.

2.4. Tangible Fixed Assets and Depreciation

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase or decrease in the carrying amount of an asset as a result of a revaluation, is recognised in the profits for the year and accumulated in equity.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Investment Properties	Nil
Motor Vehicles	25% Reducing Balance
Computer Equipment	33% Straight Line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

...CONTINUED

Page 3

Page 4

Dower House Properties LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.4. Tangible Fixed Assets and Depreciation - continued

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.

2.5. Investment Properties

investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for.

Changes in fair value are recognised in the profit and loss account.

Investment Properties are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Investment Properties carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an Investment Property as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss.

A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset.

Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess is recognised in profit or loss.

2.6. Members' Participation Rights and Liabilities

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to Members'.

Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are credited to Members and thereby shown as liabilities in the statement of financial position.

3. Average Number of Employees

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

Page 4

Page 5

Dower House Properties LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Freehold Investment Properties	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost or Valuation
As at 1 April 2024	966,000	21,355	2,430	989,785
Disposals	(974,000 )	(21,355 )	(2,430 )	(997,785 )
Revaluation	8,000	-	-	8,000

As at 31 March 2025	-	-	-	-

Depreciation
As at 1 April 2024	-	14,575	1,023	15,598
Provided during the period	-	1,695	-	1,695
Disposals	-	(16,270 )	(1,023 )	(17,293 )

As at 31 March 2025	-	-	-	-

Net Book Value
As at 31 March 2025	-	-	-	-

As at 1 April 2024	966,000	6,780	1,407	974,187

5. Investment Property

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	31 March 2025	31 March 2024
	£	£
Cost	-	614,560

6. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Prepayments and accrued income	-	716

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Accruals and deferred income	-	2,280

Page 5

Page 6

Dower House Properties LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

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

	31 March 2025	31 March 2024
	£	£
Other creditors	-	175,579

The loans are secured on the Investment Property and repayable between one and five years from the Balance Sheet date (see also note 9).

9. Related Party Transactions

The Investment Properties were initially purchased by the Designated Members. The title has been held by the Designated Members for the benefit of the LLP since commencement of the LLP's Property acquisition and rental activities.

The Designated Members raised loan finance to purchase the Investment Properties. The LLP was required and obliged by the Members to meet the payments and interest costs payable under the terms of the loan agreements.

The LLP Accounts to 31 March 2024 reflect the Asset and Liability positions set out above.

At 31 March 2025 the Beneficial Interest in the assets and activities of the LLP were transferred to the Members and responsibility accepted for meeting the loan repayments and liabilities payable.

Page 6