Whitebridge Estates LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC325289 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Whitebridge Estates LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

C J Baines

Mrs L V Irlam

Mrs J L Leah-Baines

REGISTERED OFFICE:

Whitebridge Ind. Estate

Whitebridge Lane

Stone

Staffordshire

ST15 8LQ

REGISTERED NUMBER:

OC325289 (England and Wales)

ACCOUNTANTS:

Paterson Brodie Limited

Chartered Certified Accountants

Cliveden Chambers

Cliveden Place

Longton

Stoke-on-Trent

Staffordshire

ST3 4JB

FIXED ASSETS

Tangible assets

4

64,568

85,115

Investment property

5

9,250,000

9,314,568

9,335,115

CURRENT ASSETS

Debtors

6

116,751

132,374

Cash at bank and in hand

132,614

83,222

249,365

215,596

CREDITORS

Amounts falling due within one year

7

391,126

369,639

NET CURRENT LIABILITIES

(141,761

)

(154,043

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,172,807

9,181,072

CREDITORS

Amounts falling due after more than one
year

8

920,527

1,011,879

NET ASSETS ATTRIBUTABLE TO
MEMBERS

8,252,280

8,169,193

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

505,824

432,918

MEMBERS' OTHER INTERESTS

Capital accounts

5,247,001

5,236,820

Revaluation reserve

10

2,499,455

8,252,280

8,169,193

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

505,824

432,918

Members' other interests

7,746,456

7,736,275

8,252,280

8,169,193

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 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 7 October 2025 and were signed by:

C J Baines - Designated member

1.	STATUTORY INFORMATION

Whitebridge Estates 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 as modified by the revaluation of certain assets.

Related party exemption

The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Plant, machinery, fixtures & fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant,

machinery,

fixtures

Motor

Computer

& fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

70,080

99,891

3,634

173,605

Additions

-

977

At 31 March 2025

70,080

99,891

4,611

174,582

DEPRECIATION

At 1 April 2024

60,298

24,973

3,219

88,490

Charge for year

2,446

18,730

348

21,524

At 31 March 2025

62,744

43,703

3,567

110,014

NET BOOK VALUE

At 31 March 2025

7,336

56,188

1,044

64,568

At 31 March 2024

9,782

74,918

415

85,115

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

9,250,000

NET BOOK VALUE

At 31 March 2025

9,250,000

At 31 March 2024

9,250,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

2,150,000

Valuation in 2019

349,455

Cost

6,750,545

9,250,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

6,750,545

Investment property was valued on an open market basis on 20 May 2024 by Mounsey Surveyors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

91,439

104,103

Amounts owed by group undertakings

3,020

638

Prepayments

22,292

27,633

116,751

132,374

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

79,897

Hire purchase contracts

13,005

Trade creditors

21,655

23,679

Social security and other taxes

3,926

3,510

Other creditors

4,976

9,490

Deposits held

85,066

70,028

Accruals and deferred income

170,310

158,621

Accrued expenses

12,291

11,409

391,126

369,639

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

853,148

931,495

Hire purchase contracts

67,379

80,384

920,527

1,011,879

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans and other debts due to members rank below all other creditors.

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

2,499,455

11.	ULTIMATE CONTROLLING PARTY

Mr C J Baines is a designated member. Mr Baines has a 63.34% controlling interest and is responsible for the day to day control of the business.