IRIS Accounts Production v25.3.0.601 OC377527 designated member 1.4.24 31.3.25 31.3.25 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC377527 2024-03-31 OC377527 2025-03-31 OC377527 2024-04-01 2025-03-31 OC377527 2023-03-31 OC377527 2023-04-01 2024-03-31 OC377527 2024-03-31 OC377527 ns15:EnglandWales 2024-04-01 2025-03-31 OC377527 ns14:PoundSterling 2024-04-01 2025-03-31 OC377527 ns10:PartnerLLP1 2024-04-01 2025-03-31 OC377527 ns10:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC377527 ns10:SmallEntities 2024-04-01 2025-03-31 OC377527 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC377527 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC377527 ns10:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC377527 ns10:FullAccounts 2024-04-01 2025-03-31 OC377527 ns10:PartnerLLP2 2024-04-01 2025-03-31 OC377527 ns10:PartnerLLP3 2024-04-01 2025-03-31 OC377527 ns10:RegisteredOffice 2024-04-01 2025-03-31 OC377527 ns5:CurrentFinancialInstruments 2025-03-31 OC377527 ns5:CurrentFinancialInstruments 2024-03-31 OC377527 ns5:PlantMachinery 2024-04-01 2025-03-31 OC377527 ns5:PlantMachinery 2024-03-31 OC377527 ns5:PlantMachinery 2025-03-31 OC377527 ns5:PlantMachinery 2024-03-31 OC377527 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 OC377527 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31

REGISTERED NUMBER: OC377527 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Francis Associates (43) LLP |

Francis Associates (43) LLP (Registered number: OC377527)

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 |

Francis Associates (43) LLP

General Information

for the Year Ended 31 March 2025

| DESIGNATED MEMBERS: | Mrs S E Francis

| J M Francis

| Francis Investments (43) Limited

| REGISTERED OFFICE: | 44 The Pantiles

| Tunbridged Wells

| Kent

| TN2 5TN

| REGISTERED NUMBER: | OC377527 (England and Wales)

| ACCOUNTANTS: | APT

| 44 The Pantiles

| Tunbridge Wells

| Kent

| TN2 5TN

Francis Associates (43) LLP (Registered number: OC377527)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 24,721 |  | 33,246 |  |

Investment property | 5 | 16,578,617 |  | 16,496,643 |  |

16,603,338 |  | 16,529,889 |  |

CURRENT ASSETS

Debtors | 6 | 26,270 |  | 9,253 |  |

Cash at bank | 2,658,941 |  | 549,094 |  |

2,685,211 |  | 558,347 |  |

CREDITORS

Amounts falling due within one year | 7 | 17,907 |  | 15,485 |  |

NET CURRENT ASSETS | 2,667,304 |  | 542,862 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 19,270,642 |  | 17,072,751 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | - |  | - |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 19,270,642 |  | 17,072,751 |  |

19,270,642 |  | 17,072,751 |  |

TOTAL MEMBERS' INTERESTS

Members' other interests | 19,270,642 |  | 17,072,751 |  |

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.

Francis Associates (43) LLP (Registered number: OC377527)

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 14 October 2025 and were signed by:

Francis Investments (43) Limited - Designated member

Francis Associates (43) LLP (Registered number: OC377527)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Francis Associates (43) 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.

| Significant judgements and estimates

| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover of the LLP represents gross rents receivable and recognised to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 25% on reducing balance and 25% on cost

| 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.

| Other investments

| Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss.

| Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

| Debtors and creditors receivable/payable in one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. | EMPLOYEE INFORMATION

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

Francis Associates (43) LLP (Registered number: OC377527)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 150,778 |  |

| DEPRECIATION

| At 1 April 2024 | 117,532 |  |

| Charge for year | 8,525 |  |

| At 31 March 2025 | 126,057 |  |

| NET BOOK VALUE

| At 31 March 2025 | 24,721 |  |

| At 31 March 2024 | 33,246 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 16,496,643 |  |

| Additions | 81,974 |  |

| At 31 March 2025 | 16,578,617 |  |

| NET BOOK VALUE

| At 31 March 2025 | 16,578,617 |  |

| At 31 March 2024 | 16,496,643 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2020 | 1,132,706 |  |

| Valuation in 2022 | (100,000 | ) |

| Valuation in 2023 | (100,000 | ) |

| Valuation in 2024 | 2,434,815 |  |

| Cost | 13,211,096 |  |

16,578,617 |  |

Francis Associates (43) LLP (Registered number: OC377527)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Other debtors | 26,270 |  | 9,253 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 11,158 |  | 10,691 |  |

| Other creditors | 6,749 |  | 4,794 |  |

17,907 |  | 15,485 |  |