Spitroast Enterprises LLP

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: OC349479

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		662,634		653,357

			662,634		653,357
CURRENT ASSETS
Debtors	5	3,158		8,359
Cash at bank and in hand		4,526		3,777

		7,684		12,136
Creditors: Amounts Falling Due Within One Year	6	(7,483 )		(7,694 )

NET CURRENT ASSETS (LIABILITIES)			201		4,442

TOTAL ASSETS LESS CURRENT LIABILITIES			662,835		657,799

NET ASSETS ATTRIBUTABLE TO MEMBERS			662,835		657,799

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		379,650		383,891

			379,650		383,891

Equity
Members' other interests
Revaluation reserve		308,151		298,874
Other reserves		(24,966)		(24,966)

			283,185		273,908

			662,835		657,799

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			379,650		383,891
Members' other interests			283,185		273,908

			662,835		657,799

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Spitroast Enterprises LLP

Statement of Financial Position (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 Income Statement.

On behalf of the members

Barry Shrubb

Designated Member

30th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Spitroast Enterprises LLP is a limited liability partnership, incorporated in England & Wales, registered number OC349479 . The Registered Office is Flat 1, Kings Court, Maidstone Road, Horsmonden, KENT, TN12 8JJ.

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0 on cost
Computer Equipment	33.33% on cost

3. Average Number of Employees

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

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Spitroast Enterprises LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Freehold	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 April 2024	653,357	524	653,881
Revaluation	9,277	-	9,277

As at 31 March 2025	662,634	524	663,158

Depreciation
As at 1 April 2024	-	524	524

As at 31 March 2025	-	524	524

Net Book Value
As at 31 March 2025	662,634	-	662,634

As at 1 April 2024	653,357	-	653,357

Land and buildings with a carrying amount of £662,634 were revalued in line with the Commercial Property index movement to 31st March 2025.

If revalued assets were stated on an historic cost basis rather than a fair value basis, the total amounts included would have been as follows:

Cost or valuation as at 31 March 2025 represented by:

	Land & Property
	Freehold	Computer Equipment	Total
	£	£	£
At cost	-	524	524
At valuation	662,634	-	662,634

	662,634	524	663,158

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Spitroast Enterprises LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	2,850	7,620
Other debtors	308	739

	3,158	8,359

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
VAT	1,978	1,952
Accruals and deferred income	5,505	5,742

	7,483	7,694

7. Loans and other debts due to members

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

There is a legal charge over the property to B Shrubb by the way of legal mortgage and with full title guarantee. The charge is a continuing security for all money covenanted to be paid by Spitroast Enterprises LLP to B Shrubb under the loan agreement.

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