Axeus Homes (Wells) LLP

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: OC450011

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		850,000		850,000

			850,000		850,000
TOTAL ASSETS LESS CURRENT LIABILITIES			850,000		850,000

NET ASSETS ATTRIBUTABLE TO MEMBERS			850,000		850,000

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		850,000		850,000

			850,000		850,000

			850,000		850,000

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			850,000		850,000

			850,000		850,000

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Axeus Group Limited

Designated Member

22 October 2025

The notes on page 2 form part of these financial statements.

1. General Information

Axeus Homes (Wells) LLP is a limited liability partnership, incorporated in England & Wales, registered number OC450011 . The Registered Office is West View, Bath Road, Horsey, Bridgwater, Somerset, TA7 8PF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members, during the year was as follows: 1 (2024: 1)

4. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2024	850,000

As at 31 March 2025	850,000

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	850,000

As at 1 April 2024	850,000

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