Limited Liability Partnership registration number OC345232 (England and Wales)
STAPLEFORD ASSOCIATES LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
STAPLEFORD ASSOCIATES LLP
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
5 - 9
STAPLEFORD ASSOCIATES LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
29,487
39,597
Investment properties
4
2,514,600
1,888,994
2,544,087
1,928,591
Current assets
Debtors
5
1,002,843
659,757
Investments
6
291,089
553,392
Cash at bank and in hand
207,822
270,561
1,501,754
1,483,710
Creditors: amounts falling due within one year
7
(43,582)
(43,868)
Net current assets
1,458,172
1,439,842
Total assets less current liabilities
4,002,259
3,368,433
Creditors: amounts falling due after more than one year
8
(3,136,048)
(3,136,048)
Net assets attributable to members
866,211
232,385
Represented by:
Loans and other debts due to members within one year
Other amounts
198,176
227,385
Members' other interests
Members' capital classified as equity
5,000
5,000
Other reserves classified as equity
663,035
-
866,211
232,385
Total members' interests
Loans and other debts due to members
198,176
227,385
Members' other interests
668,035
5,000
866,211
232,385

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

STAPLEFORD ASSOCIATES LLP
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the limited liability partnership 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 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The financial statements were approved by the members and authorised for issue on 6 October 2025 and are signed on their behalf by:
06 October 2025
Mrs A K Murray
Designated member
Limited Liability Partnership Registration No. OC345232
STAPLEFORD ASSOCIATES LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Current financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other reserves
Total
Other amounts
Total
Total
2025
£
£
£
£
£
£
Members' interests at 1 April 2024
5,000
-
5,000
227,385
227,385
232,385
Profit for the financial year available for discretionary division among members
-
831,530
831,530
-
-
831,530
Members' interests after profit for the year
5,000
831,530
836,530
227,385
227,385
1,063,915
Allocation of profit for the financial year
-
(168,495)
(168,495)
168,495
168,495
-
Other movements
-
-
-
(197,704)
(197,704)
(197,704)
Members' interests at 31 March 2025
5,000
663,035
668,035
198,176
198,176
866,211
STAPLEFORD ASSOCIATES LLP
RECONCILIATION OF MEMBERS' INTERESTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
Prior financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other reserves
Total
Other amounts
Total
Total
2024
£
£
£
£
£
£
Members' interests at 1 April 2023
5,000
-
5,000
155,909
155,909
160,909
Profit for the financial year available for discretionary division among members
-
215,946
215,946
-
-
215,946
Members' interests after profit for the year
5,000
215,946
220,946
155,909
155,909
376,855
Allocation of profit for the financial year
-
(215,946)
(215,946)
215,946
215,946
-
Other movements
-
-
-
(144,470)
(144,470)
(144,470)
Members' interests at 31 March 2024
5,000
-
5,000
227,385
227,385
232,385
STAPLEFORD ASSOCIATES LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
1
Accounting policies
Limited liability partnership information

Stapleford Associates LLP is a limited liability partnership incorporated in England and Wales. The registered office is Unit 19 Empire Close, Empire Industrial Park, Aldridge, Walsall, West Midlands, WS9 8UQ.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover
Turnover represents returns on investments net of VAT where applicable.
1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited to the profit and loss account.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

STAPLEFORD ASSOCIATES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.5
Impairment of fixed assets

At each reporting period end date, the limited liability partnership reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the limited liability partnership estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

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.

Basic financial assets

Short term trade debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at cost, less any impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Basic financial liabilities

Short term trade creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost.

STAPLEFORD ASSOCIATES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 7 -
1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was nil (2024 - Nil).

3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
111,823
Disposals
(25,272)
At 31 March 2025
86,551
Depreciation and impairment
At 1 April 2024
72,226
Depreciation charged in the year
10,110
Eliminated in respect of disposals
(25,272)
At 31 March 2025
57,064
Carrying amount
At 31 March 2025
29,487
At 31 March 2024
39,597
4
Investment property
2025
£
Fair value
At 1 April 2024
1,888,994
Net gains or losses through fair value adjustments
625,606
At 31 March 2025
2,514,600

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the Directors, with the assistance of a third party Chartered Surveyors, who are not connected with the company. The valuations were made on an open market value basis by reference to expected rental yields for similar properties.

STAPLEFORD ASSOCIATES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Investment property
(Continued)
- 8 -
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
1,888,994
1,888,994
Accumulated depreciation
-
-
Carrying amount
1,888,994
1,888,994
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by related undertakings
803
2,066
Other debtors
1,002,040
657,691
1,002,843
659,757
6
Current asset investments
2025
2024
£
£
Other investments
291,089
553,392
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
9,773
10,329
Other creditors
33,809
33,539
43,582
43,868
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other loans
3,136,048
3,136,048

Included within other loans after one year is a balance of £3,136,048 (2024: £3,136,048) which is secured over Unit 3 Admiral Court Cheshire Avenue, Lostock, Northwich.

STAPLEFORD ASSOCIATES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
9
Loans and other debts due to members

In the event of a winding up the amounts included in "l oans and other debts due to members" will rank equally with unsecured creditors.

10
Related party transactions

Included within creditors falling due after more than one year at 31 March 2025 are commercial loans from related parties amounting to £3,136,048 (2024: £3,136,048). Total interest charged by related parties during the year on these loans amounted to £67,361 (2024: £67,639).

Included within debtors are balances due from related parties amounting to £803 (2024: £2,066).

During the year amounts of £344,490 were advanced to members (2024: £10,000). Including within debtors as at 31 March 2025 are balances due from members £1,001,835 (2024: £657,345). These loans are interest free.

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