REGISTERED NUMBER: OC316748 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

KEMP PROPERTY LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs P Kemp

G R Kemp

Mrs J D Kemp

Mrs C Williams

REGISTERED OFFICE:

Southorpe Lodge

Hull Road

Hornsea

East Yorkshire

HU18 1RJ

REGISTERED NUMBER:

OC316748 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

1,000,000

1,000,000

CURRENT ASSETS

Debtors

5

-

100

Cash at bank

17,033

13,458

17,033

13,558

CREDITORS

Amounts falling due within one year

6

8,204

8,194

NET CURRENT ASSETS

8,829

5,364

TOTAL ASSETS LESS CURRENT LIABILITIES

1,008,829

1,005,364

CREDITORS

Amounts falling due after more than one year

7

245,402

245,402

NET ASSETS ATTRIBUTABLE TO MEMBERS

763,427

759,962

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

763,427

759,962

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

763,427

759,962

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 4 November 2025 and were signed by:

Mrs J D Kemp - Designated member

1.	STATUTORY INFORMATION

Kemp Property 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 represents net invoiced rental income from property investment excluding value added tax.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Tangible fixed assets represents the cost to date of the LLPs freehold property development.

Cost or valuation at 31 March 2025 is represented by:

Land and

buildings

£

Valuation in 2019

168,061

Cost

831,939

1,000,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,867

1,971

Trade creditors

1,696

1,697

Taxation and social security

4,641

4,526

8,204

8,194

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

245,402

245,402

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 1 year

245,402

245,402

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

245,402

245,402

Bank loans are secured by fixed charges over the freehold property.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts owed to members represents capital invested by the members and ranks after all other creditors.