REGISTERED NUMBER: OC443248 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SMITH FAMILY PROPERTIES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr R D Smith

Mrs V E Smith

REGISTERED OFFICE:

2 Firs Court

St Michaels Road

Penkridge

Stafford

ST19 5AZ

REGISTERED NUMBER:

OC443248 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Investment property

4

340,000

340,000

CURRENT ASSETS

Debtors

11,366

1,612

Cash at bank

2,876

4,652

14,242

6,264

CREDITORS

Amounts falling due within one year

5

1,913

780

NET CURRENT ASSETS

12,329

5,484

TOTAL ASSETS LESS CURRENT LIABILITIES

352,329

345,484

CREDITORS

Amounts falling due after more than one year

6

261,885

261,885

NET ASSETS ATTRIBUTABLE TO MEMBERS

90,444

83,599

LOANS AND OTHER DEBTS DUE TO MEMBERS

12,329

5,484

MEMBERS' OTHER INTERESTS

Capital accounts

78,115

78,115

90,444

83,599

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

12,329

5,484

Members' other interests

78,115

78,115

Amounts due from members

(11,366

)

(1,612

)

79,078

81,987

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:

Mr R D Smith - Designated member

1.	STATUTORY INFORMATION

Smith Family Properties LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

and 31 March 2025

340,000

NET BOOK VALUE

At 31 March 2025

340,000

At 31 March 2024

340,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

1,913

780

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

261,885

261,885

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

261,885

261,885