Registered number
OC433961
Preidzius Praedium LLP
Filleted Accounts
31 March 2025

Preidzius Praedium LLP
Registered number: | OC433961
Balance Sheet
as at 31 March 2025
Notes |  | 2025 |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  | 4,456,304 |  | 4,124,405
Current assets |  |  |  |  |
Cash at bank and in hand |  |  | 5,320 |  | 14,235
Creditors: amounts falling due within one year | 4 |  | (1,515) |  | (1,440)
Net current assets |  |  | 3,805 |  | 12,795
Total assets less current liabilities |  |  | 4,460,109 |  | 4,137,200
Creditors: amounts falling due after more than one year | 5 |  | (2,887,024) |  | (2,648,113)
Net assets attributable to members | 1,573,085 |  | 1,489,087
Represented by:
Loans and other debts due to members | 7 |  | 3,805 |  | 12,795
Members' other interests
Members' capital classified as equity |  |  | 1,569,280 |  | 1,476,292
|  |  | 1,573,085 |  | 1,489,087
Total members' interests
Loans and other debts due to members | 7 |  | 3,805 |  | 12,795
Members' other interests |  |  | 1,569,280 |  | 1,476,292
|  |  | 1,573,085 |  | 1,489,087
For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 9 November 2025 and signed on their behalf by:
Pranas Preidzius
Designated member

Preidzius Praedium LLP
Notes to the Accounts
for the year ended 31 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
| Going Concern
| The financial statements have been prepared on a going concern basis. The partners have made an assessment in preparing these financial statements as to whether the LLP is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the LLP’s ability to continue as a going concern for the period of at least 12 months from the date of approval of these financial statements.
| Turnover
| Turnover represents rents received from the investment properties in which the LLP has an interest. Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
| Division of profits
| Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
| Taxation
| Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is not provided on Land and Buildings as the value of the properties is recognised on an impairment basis each year. The initial value of the properties represents the market value of the properties at the date they were introduced into the LLP.
| Investments
| Investment properties are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Members' capital
| Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the LLP | 2 |  | 1
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Land and buildings
£
| Cost
| At 1 April 2024 | 4,124,405
| Additions | 331,899
| At 31 March 2025 | 4,456,304
| Depreciation
| At 31 March 2025 | -
| Net book value
| At 31 March 2025 | 4,456,304
| At 31 March 2024 | 4,124,405
4 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Other creditors | 1,515 |  | 1,440
5 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 2,887,024 |  | 2,648,113
6 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Amounts payable otherwise than by instalment falling due for payment after more than five years |  | 2,973,341 |  | 2,648,113
|  |  |  |  |  | 2,973,341 |  | 2,648,113
| Secured bank loans | 2,973,341 |  | 2,648,113
| The mortgages are secured on the individual properties to which they relate. All of the mortgages are interest only basis with no regular capital repayments.
7 | Loans and other debts due to members | 2025 |  | 2024
£ | £
| Amounts due to members in respect of profits | 3,805 |  | 12,795
| Amounts falling due within one year | 3,805 |  | 12,795
| Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 | Other information
| Preidzius Praedium LLP is a limited liability partnership incorporated in England. Its registered office is:
| 27 Cootes Lane
| Fen Drayton
| Cambridgeshire
| CB24 4SL

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