REGISTERED NUMBER: OC328329 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Union Central Estates LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr H J Angel

Total Business Limited

REGISTERED OFFICE:

97 Judd Street

London

WC1H 9JG

REGISTERED NUMBER:

OC328329 (England and Wales)

ACCOUNTANTS:

Chris Syrimis & Co

Chartered Certified Accountants

97 Judd Street

London

WC1H 9JG

FIXED ASSETS

Tangible assets

4

81,910

102,210

Investment property

5

3,800,000

5,700,000

3,881,910

5,802,210

CURRENT ASSETS

Debtors

6

48,493

43,612

Cash at bank

1,030,910

872,877

1,079,403

916,489

CREDITORS

Amounts falling due within one year

7

141,427

98,552

NET CURRENT ASSETS

937,976

817,937

TOTAL ASSETS LESS CURRENT LIABILITIES

4,819,886

6,620,147

CREDITORS

Amounts falling due after more than one year

8

1,725,000

2,075,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,094,886

4,545,147

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

1,362,933

913,194

MEMBERS' OTHER INTERESTS

Revaluation reserve

10

1,731,953

3,631,953

3,094,886

4,545,147

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

1,362,933

913,194

Members' other interests

1,731,953

3,631,953

3,094,886

4,545,147

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 16 October 2025 and were signed by:

Mr H J Angel - Designated member

1.	STATUTORY INFORMATION

Union Central 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.

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 and depreciation

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

Fixtures and fittings

-

Straight line over 10 years

Investment property

Investment property are valued on an existing use of open market value basis. Any aggregate surplus or deficit arising from changes in fair value is recognised within net assets attributable to members.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

203,710

DEPRECIATION

At 1 April 2024

101,500

Charge for year

20,300

At 31 March 2025

121,800

NET BOOK VALUE

At 31 March 2025

81,910

At 31 March 2024

102,210

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

5,700,000

Revaluations

(1,900,000

)

At 31 March 2025

3,800,000

NET BOOK VALUE

At 31 March 2025

3,800,000

At 31 March 2024

5,700,000

Investment property is valued by the members at its approximate market value as at 31st March 2025.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

1,731,953

Cost

2,068,047

3,800,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

-

2,112

Other debtors

48,493

41,500

48,493

43,612

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

-

39,265

Other creditors

141,427

59,287

141,427

98,552

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

1,725,000

2,075,000

The bank loan is secured by a fixed and floating charge over the assets of the LLP.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Drawings are treated as payments on account of profit allocation and are only repayable to the LLP in so far as there are insufficient profits to allocate against such drawings. Any drawings in excess of total profits allocated would be included within 'amounts due from members' within debtors.

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

3,631,953

Revaluation in the year

(1,900,000

)

At 31 March 2025

1,731,953