REGISTERED NUMBER: OC325303 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2025

for

Kingsmill Reversion Partnership LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

N S C Cordel

S Mohadjerani

C T Samler

REGISTERED OFFICE:

Whites Mill

Mill Lane

West Lavington

Devizes

Wiltshire

SN10 4HT

REGISTERED NUMBER:

OC325303 (England and Wales)

ACCOUNTANTS:

Nigelmarks Ltd

North Lodge

South Horrington

Wells

Somerset

BA5 3DZ

FIXED ASSETS

Investment property

4

1,060,000

1,060,000

CURRENT ASSETS

Debtors

5

200

647

Cash at bank

707

783

907

1,430

CREDITORS

Amounts falling due within one year

6

1,338

1,301

NET CURRENT (LIABILITIES)/ASSETS

(431

)

129

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,059,569

1,060,129

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

1,059,569

1,060,129

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,059,569

1,060,129

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 5 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.

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 29 October 2025 and were signed by:

N S C Cordel - Designated member

1.	STATUTORY INFORMATION

Kingsmill Reversion Partnership 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.

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.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

1,060,000

NET BOOK VALUE

At 5 April 2025

1,060,000

At 5 April 2024

1,060,000

Fair value at 5 April 2025 is represented by:

£

Valuation in 2018

1,117,300

Valuation in 2021

193,334

Valuation in 2022

(218,439

)

Valuation in 2024

(218,439

)

Cost

186,244

1,060,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

200

647

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

1,338

1,301

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Loans from members

159,027

264,028

Amounts owed to members in respect of profits

900,542

796,101

1,059,569

1,060,129

Falling due within one year

1,059,569

1,060,129

Loans and debts due to members' (other than members' capital classified as debt) rank after all other creditors.