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REGISTERED NUMBER: OC437998 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| THE BLUNT PARTNERSHIP LLP |

THE BLUNT PARTNERSHIP LLP (REGISTERED NUMBER: OC437998) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Statement of Financial Position | 1 |

| Notes to the Financial Statements | 3 |

THE BLUNT PARTNERSHIP LLP (REGISTERED NUMBER: OC437998) |

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 1,440 |  | 1,694 |  |

Investment properties | 5 | 1,705,000 |  | 1,705,000 |  |

1,706,440 |  | 1,706,694 |  |

CURRENT ASSETS

Debtors | 6 | 7,967 |  | 8,337 |  |

Cash at bank | 21,447 |  | 13,158 |  |

29,414 |  | 21,495 |  |

CREDITORS

Amounts falling due within one year | 7 | 16,700 |  | 16,737 |  |

NET CURRENT ASSETS | 12,714 |  | 4,758 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,719,154 |  | 1,711,452 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 1,839,354 |  | 1,839,354 |  |

NET LIABILITIES ATTRIBUTABLE TO MEMBERS | (120,200 | ) | (127,902 | ) |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 10 | (133,339 | ) | (123,528 | ) |

MEMBERS' OTHER INTERESTS

Other reserves | 13,139 |  | (4,374 | ) |

(120,200 | ) | (127,902 | ) |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 10 | (133,339 | ) | (123,528 | ) |

Members' other interests | 13,139 |  | (4,374 | ) |

(120,200 | ) | (127,902 | ) |

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.

THE BLUNT PARTNERSHIP LLP (REGISTERED NUMBER: OC437998) |

STATEMENT OF FINANCIAL POSITION - 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 6 October 2025 and were signed by:

Mrs C Blunt - Designated member

THE BLUNT PARTNERSHIP LLP (REGISTERED NUMBER: OC437998) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| The Blunt Partnership LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

| Registered number: | OC437998

| Registered office: | 1 Kings Avenue

| London

| N21 3NA

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Significant judgements and estimates

| In the application of the LLP's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

| There are significant judgements and estimates involved in the preparation of the financial statements.

| Revenue

| Revenue represents the value of rental income chargeable in respect of the company's investment property.

| Revenue is recognised evenly over the period of the rental agreement.

| Property,plant and equipment

| Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

| Computer equipment - 15% on reducing balance

| The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

| Investment properties

| Investment properties, which are properties held to earn rentals, 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 date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Cash and cash equivalents

| Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

THE BLUNT PARTNERSHIP LLP (REGISTERED NUMBER: OC437998) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company 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 company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with 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

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

| 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.

| Impairment of financial assets

| Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. 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 profit or loss.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Other financial liabilities

THE BLUNT PARTNERSHIP LLP (REGISTERED NUMBER: OC437998) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

| Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value though profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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.

| Equity Instruments

| Equity instruments issued by the LLP are recorded at the proceeds received, net of direct issue costs. .

| Taxation

| Taxation on members' share of the LLP's profits is solely the personal liability of the individual members and consequently is not dealt with in these financial statements.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | PROPERTY, PLANT AND EQUIPMENT

| Computer

| equipment

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 1,915 |  |

| DEPRECIATION

| At 1 April 2024 | 221 |  |

| Charge for year | 254 |  |

| At 31 March 2025 | 475 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,440 |  |

| At 31 March 2024 | 1,694 |  |

THE BLUNT PARTNERSHIP LLP (REGISTERED NUMBER: OC437998) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | INVESTMENT PROPERTIES

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 1,705,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,705,000 |  |

| At 31 March 2024 | 1,705,000 |  |

| Investment properties were valued on an open market basis on 31 March 2025 by the members of the LLP.

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

2025 | 2024 |

£ | £ |

| Other debtors | 7,967 |  | 8,337 |  |

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

2025 | 2024 |

£ | £ |

| Other creditors | 16,700 |  | 16,737 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 770,157 |  | 770,157 |  |

| Other creditors | 1,069,197 |  | 1,069,197 |  |

1,839,354 |  | 1,839,354 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 770,157 |  | 770,157 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 770,157 |  | 770,157 |  |

| Bank loan is secured by way of fixed charge on the properties of the LLP and contains a negative pledge.

10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Loan and other debts due to members rank equally with debts due to unsecured creditors in the event of winding up.