1 April 2024 false No description of principal activity Taxfiler 2024.6 OC411765 business:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC411765 2024-03-31 OC411765 2024-04-01 2025-03-31 OC411765 business:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC411765 business:FilletedAccounts 2024-04-01 2025-03-31 OC411765 2025-03-31 OC411765 business:PartnerLLP1 2024-04-01 2025-03-31 OC411765 business:PartnerLLP2 2024-04-01 2025-03-31 OC411765 business:RegisteredOffice 2024-04-01 2025-03-31 OC411765 2024-03-31 OC411765 core:WithinOneYear 2025-03-31 OC411765 core:WithinOneYear 2024-03-31 OC411765 core:AfterOneYear 2025-03-31 OC411765 core:AfterOneYear 2024-03-31 OC411765 core:RetainedEarningsAccumulatedLosses 2025-03-31 OC411765 core:RetainedEarningsAccumulatedLosses 2024-03-31 OC411765 business:SmallEntities 2024-04-01 2025-03-31 OC411765 core:FurnitureFittings 2024-04-01 2025-03-31 OC411765 core:ComputerEquipment 2024-04-01 2025-03-31 OC411765 countries:EnglandWales 2024-04-01 2025-03-31 OC411765 core:FurnitureFittings 2024-03-31 OC411765 core:ComputerEquipment 2024-03-31 OC411765 core:FurnitureFittings 2025-03-31 OC411765 core:ComputerEquipment 2025-03-31 OC411765 core:MoreThanFiveYears 2025-03-31 OC411765 core:MoreThanFiveYears 2024-03-31 OC411765 core:AfterOneYear 2024-04-01 2025-03-31 OC411765 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered No. OC411765 (England and Wales)
Forrest Property LLP Unaudited accounts for the year ended 31 March 2025
Forrest Property LLP LLP Information for the year ended 31 March 2025
Designated members
Mr Jonathan Forrest
Mr Michael Robert Forrest
Registered Number
OC411765 (England and Wales)
Registered Office
6 Southlands Road Riddlesden Keighley BD20 5HD
Accountants
Walker Accountancy Limited 2 Marina Drive Spondon Derby DE21 7AF
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Forrest Property LLP Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
3
2,478
4,709
Investment property
4
687,000
945,676
689,478
950,385
Current assets
Debtors
37,209
67,622
Cash at bank and in hand
24,527
4,620
61,736
72,242
Creditors: amounts falling due within one year
5
(249,307)
(338,584)
Net current liabilities
(187,571)
(266,342)
Total assets less current liabilities
501,907
684,043
Creditors: amounts falling due after more than one year
6
(490,932)
(706,661)
Net assets/(liabilities) attributable to members
10,975
(22,618)
Represented by:
Loans and other debts due to members
7
49,671
40,103
Members' other interests
Other reserves
(38,696)
(62,721)
10,975
(22,618)
Total members' interests
Loans and other debts due to members
49,671
40,103
Members' other interests
(38,696)
(62,721)
10,975
(22,618)
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 14 November 2025.
Mr Michael Robert Forrest Designated member Limited Liability Partnership Registration No. OC411765
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Forrest Property 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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
Turnover
Turnover is measured at the fair value of the rents received or receivable.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on a straight line basis
Computer equipment
20% on a straight line basis
Investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
Members' remuneration
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
2
Statutory information
Forrest Property LLP is a limited liability partnership, incorporated in England and Wales, registration number OC411765. Its registered office is 6 Southlands Road, Riddlesden, Keighley, BD20 5HD.
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Forrest Property LLP Notes to the Accounts for the year ended 31 March 2025
3
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
29,583
2,521
32,104
Disposals
(14,518)
-
(14,518)
At 31 March 2025
15,065
2,521
17,586
Depreciation
At 1 April 2024
25,347
2,048
27,395
Charge for the year
2,039
192
2,231
On disposals
(14,518)
-
(14,518)
At 31 March 2025
12,868
2,240
15,108
Net book value
At 31 March 2025
2,197
281
2,478
At 31 March 2024
4,236
473
4,709
4
Investment property
2025
£
Fair value at 1 April 2024
945,676
Disposals
305,000
Net gain from fair value adjustments
46,324
At 31 March 2025
687,000
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
249,307
338,584
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
490,932
706,661
Aggregate of amounts that fall due for payment after five years
490,932
706,661
Bank loans are secured by mortgages over the investment properties.
7
Loans and other debts due to members
2025
2024
£
£
Loans from members
49,671
40,103
Amounts falling due within one year
49,671
40,103
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
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Forrest Property LLP Notes to the Accounts for the year ended 31 March 2025
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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