REGISTERED NUMBER: OC312639 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

THE OFFER PROPERTY PARTNERSHIP LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Designated members:

T H M Offer

H J M Offer

The Offer Group Limited

Registered office:

Outer Barge

1 Panther Quay

22 Old Bridge Street

Hampton Wick

Surrey

KT1 4BU

Registered number:

OC312639 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

1,150,000

1,150,000

Current assets

Debtors

5

21,828

26,602

Cash at bank

10,732

24,365

32,560

50,967

Creditors

Amounts falling due within one year

6

4,852

1,584

Net current assets

27,708

49,383

Total assets less current liabilities

and

Net assets attributable to members

1,177,708

1,199,383

Loans and other debts due to members

7

358,416

380,091

Members' other interests

Revaluation reserve

819,292

819,292

1,177,708

1,199,383

Total members' interests

Loans and other debts due to members

7

358,416

380,091

Members' other interests

819,292

819,292

1,177,708

1,199,383

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 4 December 2025 and were signed by:

T H M Offer - Designated member

1.	Statutory information

The Offer Property Partnership 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Members' participation rights

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is agreed by the partners taking into account the anticipated cash and capital needs of the LLP.

3.	Employee information

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

4.	Tangible fixed assets

Freehold

property

£

Cost or valuation

At 1 April 2024

and 31 March 2025

1,150,000

Net book value

At 31 March 2025

1,150,000

At 31 March 2024

1,150,000

Cost or valuation at 31 March 2025 is represented by:

Freehold

property

£

Valuation in 2009

124,292

Valuation in 2010

45,000

Valuation in 2016

50,000

Valuation in 2017

120,000

Valuation in 2019

90,000

Valuation in 2020

(60,000

)

Valuation in 2022

370,000

Valuation in 2023

(320,000

)

Valuation in 2024

400,000

Cost

330,708

1,150,000

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

21,828

26,208

VAT

-

394

21,828

26,602

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

242

209

VAT

3,235

-

Accrued expenses

1,375

1,375

4,852

1,584

7.

Loans and other debts due to members

2025

2024

£

£

Amounts owed to members in respect of profits

358,416

380,091

Falling due within one year

358,416

380,091

In the event of a winding up the amounts included in "Loans and advances other debts due to members" will rank equally with unsecured creditors.