REGISTERED NUMBER: OC402974 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ROTHLEE LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DESIGNATED MEMBERS:

Geecam Limited

S R Lee (Deceased)

P S Townsend

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

REGISTERED NUMBER:

OC402974 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Investment property

4

2,914,180

2,914,180

CURRENT ASSETS

Debtors

5

127,980

94,244

Cash at bank

13,344

55,741

141,324

149,985

CREDITORS

Amounts falling due within one year

6

15,512

33,946

NET CURRENT ASSETS

125,812

116,039

TOTAL ASSETS LESS CURRENT LIABILITIES

3,039,992

3,030,219

CREDITORS

Amounts falling due after more than one year

7

-

305,450

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,039,992

2,724,769

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

3,039,992

2,724,769

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

3,039,992

2,724,769

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 26 November 2025 and were signed by:

S R Lee (Deceased) - Designated member

1.	STATUTORY INFORMATION

Rothlee 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.

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 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,914,180

NET BOOK VALUE

At 31 March 2025

2,914,180

At 31 March 2024

2,914,180

The historic cost of the properties is £742,628 and these were introduced at the professional valuation figure provided by the bank.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

1,298,118

Cost

1,616,062

2,914,180

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

52,676

25,994

Other debtors

75,304

45,000

Prepayments and accrued income

-

23,250

127,980

94,244

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,656

4,709

Other creditors

8,856

29,237

15,512

33,946

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

305,450

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

305,450

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

305,450

The Handelsbanken overdraft facility is secured on the LLP's freehold property.

The Barclays interest only mortgage in secured on the LLP's freehold property.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2023

2022

£

£

Amounts owed to members in respect of net assets

2,653,821

1,401,975

Falling due within one year

2,653,821

1,401,975

All loans and other debts due to members are unsecured and do not rank above any other unsecured creditor in the event of a winding up. There are no restrictions in place on the ability of members to reduce the amount of 'Member other interests'.