REGISTERED NUMBER: OC431477 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE ORCHARDS LETTINGS PARTNERSHIP LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Dr A E Harding

Mrs P M Harding

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

OC431477 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

1,170,000

1,250,000

CURRENT ASSETS

Debtors

5

6,178

5,946

Cash at bank

61,470

47,897

67,648

53,843

CREDITORS

Amounts falling due within one year

6

9,180

9,180

NET CURRENT ASSETS

58,468

44,663

TOTAL ASSETS LESS CURRENT LIABILITIES

1,228,468

1,294,663

CREDITORS

Amounts falling due after more than one year

7

402,028

512,478

NET ASSETS ATTRIBUTABLE TO MEMBERS

826,440

782,185

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

607,570

603,315

MEMBERS' OTHER INTERESTS

Fair value reserves

10

235,000

195,000

Other reserves

(16,130

)

(16,130

)

826,440

782,185

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

607,570

603,315

Members' other interests

218,870

178,870

826,440

782,185

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 7 November 2025 and were signed by:

Dr A E Harding - Designated member

Mrs P M Harding - Designated member

1.	STATUTORY INFORMATION

The Orchards Lettings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 the value of rental income chargeable in respect of the LLP's investment properties. Turnover is recognised evenly over the period of the rental agreements.

Investment property

Investment properties are carried at fair values. Revaluation surpluses are recognised in the statement of

income. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small entities. The partners considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,250,000

Disposals

(145,000

)

Revaluations

65,000

At 31 March 2025

1,170,000

NET BOOK VALUE

At 31 March 2025

1,170,000

At 31 March 2024

1,250,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

235,000

Cost

935,000

1,170,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,148

472

Other debtors

5,030

5,474

6,178

5,946

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

9,180

9,180

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

402,028

512,478

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

402,028

512,478

The bank loans are secured by way of a fixed charge over the relevant properties owned by the LLP.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

10.

RESERVES

Fair

value

reserves

£

At 1 April 2024

195,000

Fair value reserves

40,000

At 31 March 2025

235,000