Clarendon Homes (Southsea) LLP

REGISTERED NUMBER: OC352177 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Clarendon Homes (Southsea) LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

C D Porter

Mrs P M Porter

REGISTERED OFFICE:

6 Exmouth Road

Southsea

PORTSMOUTH

Hampshire

PO5 2QL

REGISTERED NUMBER:

OC352177 (England and Wales)

ACCOUNTANTS:

Hughes Spencer

12 Acorn Business Park

Northarbour Road

Portsmouth

Hampshire

PO6 3TH

The members present their report with the financial statements of the LLP for the year ended 28 February 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property development and letting.

DESIGNATED MEMBERS

The designated members during the year under review were:

C D Porter

Mrs P M Porter

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £46,487 (2024 - £46,102 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

C D Porter - Designated member

29 October 2025

TURNOVER

73,683

65,318

Administrative expenses

27,196

19,216

OPERATING PROFIT and

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES

46,487

46,102

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES

46,487

46,102

Members' remuneration charged as an
expense

4

(46,487

)

(46,102

)

PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS

-

FIXED ASSETS

Investment property

5

542,213

CURRENT ASSETS

Debtors

6

1,064

3,147

Cash at bank

11,463

8,379

12,527

11,526

CREDITORS

Amounts falling due within one year

7

13,670

NET CURRENT LIABILITIES

(1,143

)

(2,144

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

541,070

540,069

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

297,096

296,095

MEMBERS' OTHER INTERESTS

Capital accounts

243,974

541,070

540,069

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

297,096

296,095

Members' other interests

243,974

541,070

540,069

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 28 February 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 29 October 2025 and were signed by:

C D Porter - Designated member

1.	STATUTORY INFORMATION

Clarendon Homes (Southsea) 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.

Turnover

Turnover represents the sale of finished units and also rental income received from the short term letting of finished units prior to their sale.

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 2 (2024 - 2 ) .

4.	INFORMATION IN RELATION TO MEMBERS

2025

2024

£

Members' remuneration charged as an expense

Automatic division of profit

46,487

46,102

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

542,213

NET BOOK VALUE

At 28 February 2025

542,213

At 29 February 2024

542,213

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

2,083

Other debtors

1,064

3,147

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

2,999

Loan - Galverstones Ltd

9,821

Accrued expenses

850

13,670

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Included within creditors is a loan of £9,821 (2024 £9,821) to Galvestones Limited, which is a company in which the partners are directors of.

There are fixed and floating charges over the undertaking and all property and assets present and future over the mortgage debenture created on 16/08/2012.