| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Pomona Estates LLP |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Pomona Estates LLP |
| Pomona Estates LLP (Registered number: OC422078) |
| Contents of the Financial Statements |
| for the year ended 31 March 2025 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Pomona Estates LLP |
| General Information |
| for the year ended 31 March 2025 |
| Designated members: | P J McPartland |
| Registered office: |
| Registered number: |
| Pomona Estates LLP (Registered number: OC422078) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| Current assets |
| Debtors | 4 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current assets |
| Total assets less current liabilities |
| and |
| Net assets attributable to members | 50,913 | 50,913 |
| Loans and other debts due to members | 6 | 50,913 | 50,913 |
| Total members' interests |
| Loans and other debts due to members | 6 | 50,913 | 50,913 |
| Amounts due from members | 4 | (15,684 | ) | (44,615 | ) |
| 35,229 | 6,298 |
| 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 were approved by the members of the LLP and authorised for issue on |
| Pomona Estates LLP (Registered number: OC422078) |
| Notes to the Financial Statements |
| for the year ended 31 March 2025 |
| 1. | Statutory information |
| Pomona 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 |
| The functional and presentational currency is the pound sterling (£). These financial statements have been rounded to the nearest £. |
| Going concern |
| These financial statements have been prepared on a going concern basis. |
| The current economic conditions present increased risks for all businesses. In response to such conditions, the members have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis. |
| Based on assessment, the members consider that the Partnership maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities. |
| In addition, the Partnership's assets are assessed for recoverability on a regular basis, and the members consider that the Partnership is not exposed to losses on these assets which would affect their decision to adopt the going concern basis. |
| The members have a reasonable expectation that the Partnership has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Partnership's ability to continue as a going concern. Thus the members have continued to adopt the going concern basis of accounting in preparing these financial statements. |
| Pomona Estates LLP (Registered number: OC422078) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 2. | Accounting policies - continued |
| Financial instruments |
| Financial assets and liabilities are recognised when the Partnership becomes party to the contractual provisions of the financial instrument. The Partnership holds both basis and complex financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments derivative financial instruments, trade and other payables, convertible loan notes and loans and borrowings. The has Partnership chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full. |
| Financial assets - classified as basic financial instruments |
| (i) Cash and cash equivalents |
| Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less. |
| (ii) Trade and other receivables |
| Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment. |
| At the end of each reporting period, the Partnership assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Partnership will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss. |
| (iii) Equity investments |
| Equity investments comprise ordinary shares, not publicly traded in active markets for which a reliable fair value cannot be measured reliably. |
| Financial liabilities - classified as basic financial instruments |
| (iv) Trade and other payables and loans and borrowings |
| Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the discounted amount of the cash expected to be paid. |
| Equity |
| Equity instruments are classified in accordance with the substance of contractual agreement. An equity instrument is any contract that evidences a residual interest in the assets of the Partnership after deducting all of its liabilities. |
| Equity instruments issued by the Partnership are recorded at the fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments. |
| Taxation |
| As a Limited Liability Partnership the firm is not liable for United Kingdom taxation, its profits being liable to income tax in the hands of the members. Therefore, no provision for taxation is made in the financial statements. |
| 3. | Employee information |
| The average number of employees during the year was NIL (2024 - NIL). |
| 4. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Other debtors |
| Pomona Estates LLP (Registered number: OC422078) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 5. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| 6. | Loans and other debts due to members |
| 2025 | 2024 |
| £ | £ |
| Amounts owed to members in respect of profits | 50,913 | 50,913 |
| Falling due within one year | 50,913 | 50,913 |