Registered number: OC424536
Unaudited financial statements
for the year ended 31 March 2025
for
57 Princess Street Manchester Llp
Pages for filing with the Registrar
Registered number: OC424536
57 Princess Street Manchester Llp
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 2,404,255 2,409,093
2,404,255 2,409,093
Current assets
Debtors 17,284 (5,158)
Cash at bank and in hand 481 17,562
17,765 12,404
Creditors: amounts falling due within one
year 		(4,147) (7,538)
Net current assets 13,618 4,866
Total assets less current liabilities 2,417,873 2,413,959
NET ASSETS ATTRIBUTABLE TO
MEMBERS 		2,417,873 2,413,959
Represented by:
Loans and other debts due to members
Members' capital classified as a liability 44,068 22,490
44,068 22,490
Members' other interests
Members' capital classified as equity 2,373,805 2,391,469
2,373,805 2,391,469
2,417,873 2,413,959
Members' total interests
Loans and other debts due to members 44,068 22,490
Members' other interests 2,373,805 2,391,469
2,417,873 2,413,959
The LLP was 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 relating to small LLPs for the year ended 31 March 2025.
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Registered number: OC424536
57 Princess Street Manchester Llp
Balance sheet - continued
as at 31 March 2025
The members acknowledge their responsibilities to comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 in respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the members and authorised for issue on 2 October 2025 and signed on their behalf by:
Doon Villa Holdings Limited, Designated Member
2 October 2025
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57 Princess Street Manchester Llp
Notes to the financial statements
for the year ended 31 March 2025
1 General information
57 Princess Street Manchester Llp is a limited liability partnership registered in England and Wales. Its registered number is OC424536. Its registered office is 53 King Street, Manchester, M2 4LQ.
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 and the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the members have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the LLP's ability to continue as a going concern. In making this assessment, the members take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The members consider that the LLP has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - Not depreciated
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Members' transactions with the LLP
Transactions with members are accounted for as related party transactions. Amounts due to or from members in respect of profits, drawings, capital and loans are shown within members' interests. Profit shares are recognised only when approved in accordance with the LLP agreement. Drawings are treated as reductions in members' interests, and loans or advances from members are included within creditors.
3 Average number of employees
During the year the average number of employees was Nil (2024 - Nil).
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57 Princess Street Manchester Llp
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 April 2024 2,384,904 71,443 2,456,347
At 31 March 2025 2,384,904 71,443 2,456,347
Depreciation
At 1 April 2024 - 47,254 47,254
Charge for year - 4,838 4,838
At 31 March 2025 - 52,092 52,092
Net book value
At 31 March 2025 2,384,904 19,351 2,404,255
At 31 March 2024 2,384,904 24,189 2,409,093
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