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REGISTERED NUMBER: OC307307 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE GLASSMILL BATTERSEA LLP

THE GLASSMILL BATTERSEA LLP (REGISTERED NUMBER: OC307307) |

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 |

| THE GLASSMILL BATTERSEA LLP |

GENERAL INFORMATION

for the Year Ended 31 March 2025

| DESIGNATED MEMBERS: | J K Claydon

| M A Heeley

| REGISTERED OFFICE: | Aruna House

| 2 Kings Road

| Haslemere

| Surrey

| GU27 2QA

| REGISTERED NUMBER: | OC307307 (England and Wales)

| ACCOUNTANTS: | A & N (Haslemere) Limited

| Aruna House

| 2 Kings Road

| Haslemere

| Surrey

| GU27 2QA

THE GLASSMILL BATTERSEA LLP (REGISTERED NUMBER: OC307307) |

BALANCE SHEET

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,100,000 |  | 3,100,000 |  |

Investments | 5 | 700,000 |  | 700,000 |  |

3,800,000 |  | 3,800,000 |  |

CURRENT ASSETS

Debtors | 6 | 255,263 |  | 306,103 |  |

Cash at bank | 7,317 |  | 58,022 |  |

262,580 |  | 364,125 |  |

CREDITORS

Amounts falling due within one year | 7 | 14,714 |  | 135,520 |  |

NET CURRENT ASSETS | 247,866 |  | 228,605 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 4,047,866 |  | 4,028,605 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 400,000 |  | 400,000 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 9 | 2,857,866 |  | 2,838,605 |  |

MEMBERS' OTHER INTERESTS

Fair value reserve | 10 | 790,000 |  | 790,000 |  |

4,047,866 |  | 4,028,605 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 9 | 2,857,866 |  | 2,838,605 |  |

Members' other interests | 790,000 |  | 790,000 |  |

3,647,866 |  | 3,628,605 |  |

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 GLASSMILL BATTERSEA LLP (REGISTERED NUMBER: OC307307) |

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:

J K Claydon - Designated member

THE GLASSMILL BATTERSEA LLP (REGISTERED NUMBER: OC307307) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| The Glassmill Battersea LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

| 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents rental and service charges applicable to the year excluding value added tax.

| Tangible fixed assets

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

| Long leasehold | - | not provided

| Investment property

| The investment properties are revalued in accordance with FRS102 (1a) when the partners consider it to have a material impact on the financial statements. No depreciation is provided. The partners consider that this accounting policy results in the financial statements giving a true and fair view.

3. | EMPLOYEE INFORMATION

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

4. | TANGIBLE FIXED ASSETS

| Long

| leasehold

£ |

| COST OR VALUATION

| At 1 April 2024

| and 31 March 2025 | 3,100,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 3,100,000 |  |

| At 31 March 2024 | 3,100,000 |  |

| Cost or valuation at 31 March 2025 is represented by:

| Long

| leasehold

£ |

| Valuation in 2017 | 790,000 |  |

| Cost | 2,310,000 |  |

3,100,000 |  |

THE GLASSMILL BATTERSEA LLP (REGISTERED NUMBER: OC307307) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS - continued

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 2,310,000 |  | 2,310,000 |  |

| Leasehold property was valued on an open market basis on 31 March 2017 by the partners, No significant change found .

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 700,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 700,000 |  |

| At 31 March 2024 | 700,000 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 4,968 |  | 40,072 |  |

| River House Investments Ltd | 160,000 |  | 169,500 |  |

| Other debtors | 43,581 |  | 43,581 |  |

| VAT | 5,158 |  | 443 |  |

| Prepayments | 41,556 |  | 52,507 |  |

255,263 |  | 306,103 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 2,169 |  | 101,348 |  |

| Other creditors | 10,595 |  | 10,595 |  |

| Accruals and deferred income | 1,950 |  | 23,577 |  |

14,714 |  | 135,520 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Other creditors | 400,000 |  | 400,000 |  |

9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Loans and other debts due to members rank equally with debts due to unsecured creditors.

THE GLASSMILL BATTERSEA LLP (REGISTERED NUMBER: OC307307) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

10. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 April 2024

| and 31 March 2025 | 790,000 |  |

11. | ULTIMATE CONTROLLING PARTY

| Both designated members hold joint control meaning no one individual can have control.