Limited Liability Partnership registration number OC446585 (England and Wales)
CAS SOMERSBY PARTNERSHIP LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
CAS SOMERSBY PARTNERSHIP LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CAS SOMERSBY PARTNERSHIP LLP
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
5,358,640
4,288,146
Current assets
Debtors
5
1,800
3,350
Cash at bank and in hand
5,658
4,367
7,458
7,717
Creditors: amounts falling due within one year
6
(19,520)
(3,739)
Net current (liabilities)/assets
(12,062)
3,978
Total assets less current liabilities and net assets attributable to members
5,346,578
4,292,124
Represented by:
Loans and other debts due to members within one year
7
Amounts due in respect of profits
266,578
32,124
Other amounts
5,078,999
4,258,999
5,345,577
4,291,123
Members' other interests
7
Members' capital classified as equity
1,001
1,001
5,346,578
4,292,124

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 31 March 2025 the limited liability partnership 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) relating to small limited liability partnerships.

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The financial statements were approved by the members and authorised for issue on 11 November 2025 and are signed on their behalf by:
11 November 2025
A Seekings
Designated member
Limited Liability Partnership registration number OC446585 (England and Wales)
CAS SOMERSBY PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Limited liability partnership information

CAS Somersby Partnership LLP is a limited liability partnership incorporated in England and Wales. The registered office is 4 Birch Close, Maidenhead, Berkshire, SL6 2FS.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the amounts receivable for property rental services.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

CAS SOMERSBY PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2
Employees

The average number of persons (excluding members) employed by the partnership during the year was: 0

3
Information in relation to members
2025
2024
Number
Number
Average number of members during the year
2
2
4
Investment property
2025
£
Fair value
At 1 April 2024
4,288,146
Additions
848,960
Revaluations
221,534
At 31 March 2025
5,358,640

The investment properties have been revalued, based on the members' valuation to reflect their open market value as at the balance sheet date. The valuations were made by reference to market evidence of transaction prices for similar properties. The historical cost of the investment properties amount to £5,146,621.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,800
3,350
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
19,520
3,739
CAS SOMERSBY PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
7
Reconciliation of Members' Interests
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other reserves
Total
Other amounts
Total
Total
2025
£
£
£
£
£
£
Members' interests at 1 April 2024
1,001
-
1,001
4,291,123
4,291,123
4,292,124
Profit for the financial year available for discretionary division among members
-
337,115
337,115
-
-
337,115
Members' interests after profit for the year
1,001
337,115
338,116
4,291,123
4,291,123
4,629,239
Allocation of profit for the financial year
-
(337,115)
(337,115)
337,115
337,115
-
Introduced by members
-
-
-
820,000
820,000
820,000
Other movements
-
-
-
(102,661)
(102,661)
(102,661)
Members' interests at 31 March 2025
1,001
-
1,001
5,345,577
5,345,577
5,346,578
CAS SOMERSBY PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
8
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

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