Silverfin false false 31/03/2025 01/04/2024 31/03/2025 F M Garvey 06/04/2011 T G Lewis 15/12/2006 12 November 2025 The principal activity of the LLP during the financial year was property investment. OC324856 2025-03-31 OC324856 bus:Director1 2025-03-31 OC324856 bus:Director2 2025-03-31 OC324856 2024-03-31 OC324856 core:CurrentFinancialInstruments 2025-03-31 OC324856 core:CurrentFinancialInstruments 2024-03-31 OC324856 core:FurnitureFittings 2024-03-31 OC324856 core:FurnitureFittings 2025-03-31 OC324856 2024-04-01 2025-03-31 OC324856 bus:FilletedAccounts 2024-04-01 2025-03-31 OC324856 bus:SmallEntities 2024-04-01 2025-03-31 OC324856 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC324856 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC324856 bus:Director1 2024-04-01 2025-03-31 OC324856 bus:Director2 2024-04-01 2025-03-31 OC324856 core:FurnitureFittings 2024-04-01 2025-03-31 OC324856 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: OC324856 (England and Wales)

# AQUA COMMERCIAL PARTNERSHIP LLP

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

AQUA COMMERCIAL PARTNERSHIP LLP

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

AQUA COMMERCIAL PARTNERSHIP LLP

## LIMITED LIABILITY PARTNERSHIP INFORMATION

For the financial year ended 31 March 2025
AQUA COMMERCIAL PARTNERSHIP LLP

## LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

For the financial year ended 31 March 2025

DESIGNATED MEMBERS | F M Garvey
| T G Lewis

REGISTERED OFFICE | 41 Commercial Road
| Poole
| Dorset
| BH14 0HU
| United Kingdom

REGISTERED NUMBER | OC324856 (England and Wales)

CHARTERED ACCOUNTANTS | Francis Clark LLP
| Towngate House
| 2-8 Parkstone Road
| Poole
| Dorset BH15 2PW

AQUA COMMERCIAL PARTNERSHIP LLP

## BALANCE SHEET

As at 31 March 2025
AQUA COMMERCIAL PARTNERSHIP LLP

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 339 |  | 399
Investment property | 4 | 356,500 |  | 385,000
|  | 356,839 |  | 385,399
Current assets |  |  |  |
Debtors | 5 | 129,509 |  | 385
Cash at bank and in hand |  | 13,060 |  | 28,676
|  | 142,569 |  | 29,061
Creditors: amounts falling due within one year | 6 | ( 16,848) |  | ( 20,957)
Net current assets |  | 125,721 |  | 8,104
Total assets less current liabilities |  | 482,560 |  | 393,503
Net assets attributable to members |  | 482,560 |  | 393,503
Represented by |  |  |  |
Members' other interests |  |  |  |
Members' capital classified as equity |  | 465,500 |  | 377,955
Revaluation reserve |  | (12,952) |  | 15,548
Other reserves |  | 30,012 |  | 0
|  | 482,560 |  | 393,503
|  | 482,560 |  | 393,503
Total members' interests |  |  |  |
Amounts due from members (included in debtors) |  | (112,788) |  | 0
Members' other interests |  | 482,560 |  | 393,503
|  | 369,772 |  | 393,503

For the financial 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.

Members' responsibilities:

- The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Aqua Commercial Partnership LLP (registered number: OC324856) were approved and authorised for issue by the Board of Directors on 12 November 2025. They were signed on its behalf by:

T G Lewis Designated member |

AQUA COMMERCIAL PARTNERSHIP LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
AQUA COMMERCIAL PARTNERSHIP LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Aqua Commercial Partnership LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 41 Commercial Road, Poole, Dorset, BH14 0HU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to LLP's subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the LLP and rounded to the nearest £.

##### Turnover

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty. Revenue comprises of rents receivable.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Fixtures and fittings | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Financial instruments

Financial assets and financial liabilities are recognised when the LLP becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the LLP intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

##### Members' participation rights

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the LLP during the year | 0 |  | 0

#### 3. Tangible assets

| Fixtures and fittings |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 5,548 |  | 5,548
At 31 March 2025 | 5,548 |  | 5,548
Accumulated depreciation |  |  |
At 01 April 2024 | 5,149 |  | 5,149
Charge for the financial year | 60 |  | 60
At 31 March 2025 | 5,209 |  | 5,209
Net book value |  |  |
At 31 March 2025 | 339 |  | 339
At 31 March 2024 | 399 |  | 399

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 April 2024 | 385,000
Fair value movement | (28,500)
As at 31 March 2025 | 356,500

Valuation

The Investment property was revalued by the designated members at the balance sheet date at its market value with the benefit of
the existing lease.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 369,452 |  | 369,452

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 16,364 |  | 0
Amounts owed by members | 112,788 |  | 0
Prepayments | 357 |  | 385
| 129,509 |  | 385

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Accruals and deferred income | 16,341 |  | 17,589
Other creditors | 507 |  | 3,368
| 16,848 |  | 20,957