SHW HOMES LLP - Accounts

SHW HOMES LLP
Contents Page
For the year ended 31 March 2025

Statement of financial position	1
Notes to the financial statements	2

SHW HOMES LLP
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,682,800	1,670,000
		1,682,800	1,670,000
Current assets
Cash at bank and in hand		922	0
Creditors: amount falling due within one year		(13,325)	(65,175)
Net current assets		(12,403)	(65,175)

Total assets less current liabilities		1,670,397	1,604,825
Creditors: amount falling due after more than one year		(930,501)	(921,321)
Net assets		739,896	683,504

Represented by:
Loans and other debts due to members		739,896	683,504
Members' other interest
		739,896	683,504

Total members' interests
Loans and other debts due to members		739,896	683,504
Members' other interests		0	0
		739,896	683,504

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 LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:

.............................................................................
Satvir Kaur Wilkhu
Designated Member
Date approved by the members: 01 December 2025

1

SHW HOMES LLP
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

SHW HOMES LLP is a limited liability partnership, registered in England and Wales, registration number OC435524, registration address C/O GOLDWYNS LONDON LLP, NO.1 ROYAL EXCHANGE LONDON, EC3V 3DG.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Financial instruments

The company 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with 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.

2.	Average number of employees Average number of employees during the year was 0 (2024 : 0).

3.

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 April 2024	1,670,000	1,670,000
Additions	12,800	12,800
Disposals	-	-
At 31 March 2025	1,682,800	1,682,800
Depreciation
At 01 April 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2025	-	-
Net book values
Closing balance as at 31 March 2025	1,682,800	1,682,800
Opening balance as at 01 April 2024	1,670,000	1,670,000

2

Registered Number: OC435524
England and Wales
SHW HOMES LLP

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025