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REGISTERED NUMBER: OC415290 (England and Wales)

| Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Schaff Partners LLP |

| Schaff Partners LLP (Registered number: OC415290) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Schaff Partners LLP |

General Information

for the Year Ended 31 March 2025

| DESIGNATED MEMBERS: | MS N Schaff

| MS L Schaff

| I Schaff

| Joseph Howard Ltd

| REGISTERED OFFICE: | 22 Grange Road

| Shanklin

| Isle of Wight

| PO37 6NN

| REGISTERED NUMBER: | OC415290 (England and Wales)

| ACCOUNTANTS: | SKS Bailey Group Limited

| Suite 4, 10/12 The Grove,

| Ilkley

| West Yorkshire

| LS29 9EG

| Schaff Partners LLP (Registered number: OC415290) |

Balance Sheet

31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

Fixed assets

Investment property | 4 | 2,070,000 |  | 2,070,000 |  |

Current assets

Debtors | 5 | 3,736 |  | 2,548 |  |

Cash at bank | 9,169 |  | 3,101 |  |

12,905 |  | 5,649 |  |

Creditors

Amounts falling due within one year | 6 | (5,553 | ) | (5,194 | ) |

Net current assets | 7,352 |  | 455 |  |

Total assets less current liabilities

and

Net assets attributable to members | 2,077,352 |  | 2,070,455 |  |

Loans and other debts due to members | 7 | 2,077,352 |  | 2,070,455 |  |

Total members' interests

Loans and other debts due to members | 7 | 2,077,352 |  | 2,070,455 |  |

Amounts due from members | 5 | (178 | ) | (2,548 | ) |

2,077,174 |  | 2,067,907 |  |

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 March 2025.

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.

| Schaff Partners LLP (Registered number: OC415290) |

Balance Sheet - continued

31 March 2025

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 3 October 2025 and were signed by:

I Schaff - Designated member

| Schaff Partners LLP (Registered number: OC415290) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Schaff Partners 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.

| INVESTMENT PROPERTY

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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 NIL (2024 - NIL).

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 2,070,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,070,000 |  |

| At 31 March 2024 | 2,070,000 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts due from members | 178 |  | 2,548 |  |

| Prepayments | 3,558 |  | - |  |

3,736 |  | 2,548 |  |

| Schaff Partners LLP (Registered number: OC415290) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | 311 |  | 3,220 |  |

| Other creditors- Deposits | 3,115 |  | - |  |

| Accruals and deferred income | 2,127 |  | 1,974 |  |

5,553 |  | 5,194 |  |

7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Members rank ahead of other creditors in a liquidation.