Madeira Walk LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC348929 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Madeira Walk LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

N F Springer

Grand Central Properties Limited

Mrs E K Springer

REGISTERED OFFICE:

67 Westow Street

Upper Norwood

London

SE19 3RW

REGISTERED NUMBER:

OC348929 (England and Wales)

FIXED ASSETS

Investment property

5

4,275,000

CURRENT ASSETS

Debtors

6

1,381,166

1,241,166

Cash at bank and in hand

76,134

186,766

1,457,300

1,427,932

CREDITORS

Amounts falling due within one year

7

(45,627

)

(40,539

)

NET CURRENT ASSETS

1,411,673

1,387,393

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,686,673

5,662,393

CREDITORS

Amounts falling due after more than one
year

8

(1,361,801

)

(1,420,431

)

NET ASSETS ATTRIBUTABLE TO
MEMBERS

4,324,872

4,241,962

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

2,232,624

2,149,714

MEMBERS' OTHER INTERESTS

Fair value reserve

11

2,092,248

4,324,872

4,241,962

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

2,232,624

2,149,714

Members' other interests

2,092,248

4,324,872

4,241,962

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 3 December 2025 and were signed by:

N F Springer - Designated member

1.	STATUTORY INFORMATION

Madeira Walk 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.	STATEMENT OF COMPLIANCE

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. This is the first year of adoption of FRS 102 section 1A. The transitional adjustments are included in the notes to the financial statements.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Investment property

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

4,275,000

NET BOOK VALUE

At 31 March 2025

4,275,000

At 31 March 2024

4,275,000

The investment property is valued annually by the members on an open market existing use basis.

The historical cost of the investment property amount to £2,182,752.

6.

DEBTORS

31.3.25

31.3.24

£

Amounts falling due within one year:

Other debtors

4,500

Amounts falling due after more than one year:

Other debtors

1,376,666

1,236,666

Aggregate amounts

1,381,166

1,241,166

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Taxation and social security

2,352

2,450

Other creditors

43,275

38,089

45,627

40,539

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

1,335,000

1,395,000

Other creditors

26,801

25,431

1,361,801

1,420,431

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

1,335,000

1,395,000

The bank loan is secured by way of a fixed charge on the Investment Property.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

Loans from members

1,216,296

Amounts owed to members in respect of profits

1,016,328

933,418

2,232,624

2,149,714

Falling due within one year

2,232,624

2,149,714

Loans and other debts due to members rank after other creditors.

11.

RESERVES

Fair

value

reserve

£

At 1 April 2024

2,092,248

At 31 March 2025

2,092,248