REGISTERED NUMBER: OC430108 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

UK NATIONAL PROPERTY LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr R S Dhaliwal

Mrs S K Dhaliwal

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

OC430108 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

605,000

605,000

CURRENT ASSETS

Debtors

5

88,674

-

Cash at bank

8,644

241,342

97,318

241,342

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

4,213

3,000

NET CURRENT ASSETS

93,105

238,342

TOTAL ASSETS LESS CURRENT LIABILITIES

698,105

843,342

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

7

439,272

439,284

NET ASSETS ATTRIBUTABLE TO MEMBERS

258,833

404,058

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

23,538

168,763

MEMBERS' OTHER INTERESTS

Revaluation reserve

10

235,295

235,295

258,833

404,058

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

23,538

168,763

Members' other interests

235,295

235,295

Amounts due from members

5

(88,564

)

-

170,269

404,058

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 10 November 2025 and were signed by:

Mrs S K Dhaliwal - Designated member

1.	STATUTORY INFORMATION

UK National Property LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the value of rental income chargeable in respect of the LLP's investment property. Turnover is recognised evenly over the period of the rental agreement.

Investment property

Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would no give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the loss for the financial year would have been increased by the amount of depreciation.

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

605,000

NET BOOK VALUE

At 31 March 2025

605,000

At 31 March 2024

605,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

605,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts due from members

88,564

-

Prepayments and accrued income

110

-

88,674

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accruals and deferred income

1,213

-

Accrued expenses

3,000

3,000

4,213

3,000

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans due in more than

five years

439,272

439,284

439,272

439,284

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans due in more than

five years

439,272

439,284

439,272

439,284

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

439,272

439,284

Bank loans are secured by way of fixed charge over the properties held by the LLP

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with other creditors on a winding up.

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

235,295