The Glassmill Battersea LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC307307 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE GLASSMILL BATTERSEA LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

3,100,000

Investments

5

700,000

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

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

2,857,866

2,838,605

MEMBERS' OTHER INTERESTS

Fair value reserve

10

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

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 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

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

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

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

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

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

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

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.