REGISTERED NUMBER: OC441450 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Cox UK Property LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DESIGNATED MEMBERS:

M Cox

T A Cox

REGISTERED OFFICE:

Suite 5

10 Churchill Square

West Malling

Kent

ME19 4YU

REGISTERED NUMBER:

OC441450 (England and Wales)

ACCOUNTANTS:

Libra Wealth Management Limited

Suite 5, 10 Churchill Square

West Malling

Kent

ME19 4YU

FIXED ASSETS

Investment property

4

6,061,546

6,311,546

CURRENT ASSETS

Debtors

5

726

-

CREDITORS

Amounts falling due within one year

6

24,991

21,819

NET CURRENT LIABILITIES

(24,265

)

(21,819

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,037,281

6,289,727

CREDITORS

Amounts falling due after more than one year

7

6,031,500

6,274,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

5,781

15,727

LOANS AND OTHER DEBTS DUE TO MEMBERS

5,781

15,727

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5,781

15,727

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 12 August 2025 and were signed by:

M Cox - Designated member

1.	STATUTORY INFORMATION

Cox UK 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.

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

6,311,546

Disposals

(250,000

)

At 31 March 2025

6,061,546

NET BOOK VALUE

At 31 March 2025

6,061,546

At 31 March 2024

6,311,546

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

726

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

24,991

21,819

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

6,031,500

6,274,000

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

24,991

21,819

Amounts falling due between one and two years:

Loans

6,031,500

6,274,000

The terms of the sale agreement that introduced the property business into the partnership provide for a deferred consideration amount of £6,274,000 owed to M & T Cox by the partnership. During the year, there was a disposal of one property. The proceeds have been utilised against the deferred consideration. The split in deferred consideration is; M Cox - £4,765,750, T Cox - £1,265,750. (2024 - M Cox - £4,887,000, T Cox - £1,387,000)

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Cox UK Property LLP for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Cox UK Property LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cox UK Property LLP and state those matters that we have agreed to state to the members of Cox UK Property LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cox UK Property LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Cox UK Property LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cox UK Property LLP. You consider that Cox UK Property LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cox UK Property LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Libra Wealth Management Limited

Suite 5, 10 Churchill Square

West Malling

Kent

ME19 4YU

12 August 2025