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Registration number: OC358527

Rougemont Property LLP
Filleted Unaudited Financial Statements
for the Year Ended 31 March 2025

Rougemont Property LLP

Contents

Limited liability partnership information | 1
Balance Sheet | 2 to 3
Notes to the Financial Statements | 4 to 7

Rougemont Property LLP

Limited liability partnership information

Designated members | A M Bell M S Berkley C M Bryan G C Collett

Members | S J Ball (resigned 17/11/25) J A Bax A R Gloag C H S Murray

Registered office | 1 Colleton Crescent Exeter Devon EX2 4DG

Principal place of business | Victory House Dean Clarke Gardens Southernhay East Exeter Devon EX2 4AA

Accountants | Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

Rougemont Property LLP

(Registration number: OC358527)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 3 | 454,188 | 454,188
Current assets |  |  |
Cash and short-term deposits |  | 4,088 | 4,859
Creditors: Amounts falling due within one year | 4 | (29,102) | (25,559)
Net current liabilities |  | (25,014) | (20,700)
Total assets less current liabilities |  | 429,174 | 433,488
Creditors: Amounts falling due after more than one year | 5 | (239,560) | (253,284)
Net assets attributable to members |  | 189,614 | 180,204
Represented by: |  |  |
Loans and other debts due to members |  |  |
Members' capital classified as a liability |  | 51,000 | 51,000
Members’ other interests |  |  |
Other reserves |  | 138,614 | 129,204
|  | 189,614 | 180,204
Total members' interests |  |  |
Loans and other debts due to members |  | 51,000 | 51,000
Equity |  | 138,614 | 129,204
|  | 189,614 | 180,204

For the year ending 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

Rougemont Property LLP

(Registration number: OC358527)
Balance Sheet as at 31 March 2025

The financial statements of Rougemont Property LLP (registered number OC358527) were approved by the Board and authorised for issue on 26 November 2025. They were signed on behalf of the limited liability partnership by:

......................................... A M Bell Designated member

Rougemont Property LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006 and the LLP SORP (2017).

General information and basis of accounting

The limited liability partnership is incorporated in England under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Rougemont Property LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Rougemont Property LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Investment properties

The LLP's property is held for long-term investment. Investment properties are accounted for in accordance with Financial Reporting Standard 102 Section 1A, as follows:
No depreciation is provided in respect of investment property and it is revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
This treatment concerning the LLP's investment property is a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the members consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Members' interests

Members capital is repayable on retirement of the member and is therefore classified as a liability. Members may retire with less than one year's notice and therefore members capital is shown being due within one year.
Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Rougemont Property LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

2 | Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 8 (2024 - 8).

3 | Investment property

| 2025 £
At 1 April 2024 | 454,188
At 31 March 2025 | 454,188

There has been no valuation of investment property by an independent valuer.

4 | Creditors: Amounts falling due within one year

| 2025 £ | 2024 £
Bank loans and overdrafts | 17,508 | 17,508
Trade creditors | - | 1,657
Other creditors | 11,594 | 6,394
| 29,102 | 25,559

Creditors amounts falling due within one year includes the following liabilities, on which security has been given by the limited liability partnership:

| 2025 £ | 2024 £
Bank loans and overdrafts | 17,508 | 17,508

Rougemont Property LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

5 | Creditors: Amounts falling due after more than one year

| 2025 £ | 2024 £
Bank loans and overdrafts | 239,560 | 253,284

Creditors amounts falling due after more than one year includes the following liabilities, on which security has been given by the limited liability partnership:

| 2025 £ | 2024 £
Bank loans and overdrafts | 239,560 | 253,284

6 | Loans and other debts due to members

Loans and other debts due to members as at 31 March 2025

| Profits £ | Total £
| 51,000 | 51,000
| 51,000 | 51,000

Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.

7 | Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.