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REGISTERED NUMBER: OC431440 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 5TH APRIL 2025 |

| FOR |

| FULTON-HOUSEMAN DEVELOPMENTS LLP |

FULTON-HOUSEMAN DEVELOPMENTS LLP (REGISTERED NUMBER: OC431440)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

Page |

Statement of Financial Position | 1 |

Notes to the Financial Statements | 3 |

FULTON-HOUSEMAN DEVELOPMENTS LLP (REGISTERED NUMBER: OC431440)

STATEMENT OF FINANCIAL POSITION

5TH APRIL 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 154 |  |

Investment property | 5 | - |  | 827,778 |  |

- |  | 827,932 |  |

CURRENT ASSETS

Debtors | 6 | - |  | 20,499 |  |

Cash at bank | 3,252 |  | 1,197,335 |  |

3,252 |  | 1,217,834 |  |

CREDITORS

Amounts falling due within one year | 7 | - |  | 950 |  |

NET CURRENT ASSETS | 3,252 |  | 1,216,884 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 3,252 |  | 2,044,816 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 3,252 |  | 1,217,039 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | - |  | 827,777 |  |

3,252 |  | 2,044,816 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 8 | 3,252 |  | 1,217,039 |  |

Members' other interests | - |  | 827,777 |  |

3,252 |  | 2,044,816 |  |

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 5th April 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.

FULTON-HOUSEMAN DEVELOPMENTS LLP (REGISTERED NUMBER: OC431440)

STATEMENT OF FINANCIAL POSITION - continued

5TH APRIL 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 22nd October 2025 and were signed by:

J D Houseman - Designated member

FULTON-HOUSEMAN DEVELOPMENTS LLP (REGISTERED NUMBER: OC431440)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

1. | STATUTORY INFORMATION

| Fulton-Houseman Developments LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

| Registered number: | OC431440

| Registered office: | 3365 The Pentagon

| Century Way

| Thorpe

| Leeds

| West Yorkshire

| LS15 8ZB

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.

| The financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

| Turnover

| Turnover represents rental income from investment properties and is measured at the fair value of the rents received or receivable.

| Tangible fixed assets

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

| Fixtures and fittings |  | - 20% on cost |  |

| Investment property

| Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

| Where fair value cannot be measured reliably without undue cost and effort, investment property is stated at cost. No depreciation is charged as the directors consider the residual value of investment property not to be materially different to cost. The directors consider this policy necessary in order that the financial statements give a true and fair view.

| Investments

| Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment

FULTON-HOUSEMAN DEVELOPMENTS LLP (REGISTERED NUMBER: OC431440)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5TH APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

| Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

| Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

| Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. | EMPLOYEE INFORMATION

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 6th April 2024 | 259 |  |

| Disposals | (259 | ) |

| At 5th April 2025 | - |  |

| DEPRECIATION

| At 6th April 2024 | 105 |  |

| Eliminated on disposal | (105 | ) |

| At 5th April 2025 | - |  |

| NET BOOK VALUE

| At 5th April 2025 | - |  |

| At 5th April 2024 | 154 |  |

FULTON-HOUSEMAN DEVELOPMENTS LLP (REGISTERED NUMBER: OC431440)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5TH APRIL 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 6th April 2024 | 827,778 |  |

| Transfers | (827,778 | ) |

| At 5th April 2025 | - |  |

| NET BOOK VALUE

| At 5th April 2025 | - |  |

| At 5th April 2024 | 827,778 |  |

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

2025 | 2024 |

£ | £ |

| Other debtors | - |  | 20,499 |  |

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

2025 | 2024 |

£ | £ |

| Other creditors | - |  | 950 |  |

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

2025 | 2024 |

£ | £ |

| Loans from members | - |  | 1,034,723 |  |

| Amounts owed to members in respect of profits | 3,252 |  | 182,316 |  |

3,252 |  | 1,217,039 |  |

| Falling due within one year | 3,252 |  | 1,217,039 |  |

| In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank as follows in relation to other creditors who are unsecured, subject to the provisions of the Insolvency Act 1986 as amended by the Act and the Regulations as to payment of preferential and other debts (including advances), any surplus remaining shall be distributed among the Members rateably in the proportions in which they shared profits immediately prior to commencement of the winding up.