REGISTERED NUMBER: OC422176 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MUSWELL HILL HOUSING LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

C S Collard

Ms D Beswick

REGISTERED OFFICE:

12 Gateway Mews

Ring Way

London

N11 2UT

REGISTERED NUMBER:

OC422176 (England and Wales)

ACCOUNTANTS:

G. George Associates Limited

Chartered Certified Accountants

12 Gateway Mews

Ring Way

London

N11 2UT

FIXED ASSETS

Tangible assets

4

54

72

Investments

5

14,760

13,572

Investment property

6

2,447,555

2,167,305

2,462,369

2,180,949

CURRENT ASSETS

Debtors

7

1,283

425

Cash at bank

96,661

147,708

97,944

148,133

CREDITORS

Amounts falling due within one year

8

47,200

39,476

NET CURRENT ASSETS

50,744

108,657

TOTAL ASSETS LESS CURRENT LIABILITIES

2,513,113

2,289,606

CREDITORS

Amounts falling due after more than one year

9

706,525

704,776

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,806,588

1,584,830

LOANS AND OTHER DEBTS DUE TO MEMBERS

11

1,587,571

1,366,563

MEMBERS' OTHER INTERESTS

Fair value reserve

12

219,017

218,267

1,806,588

1,584,830

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

1,587,571

1,366,563

Members' other interests

219,017

218,267

1,806,588

1,584,830

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 1 December 2025 and were signed by:

C S Collard - Designated member

Ms D Beswick - Designated member

1.	STATUTORY INFORMATION

Muswell Hill Housing 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.

Fixtures and fittings

-

25% on reducing balance

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.The Fair value profits on investment property is transferred to fair value reserve.

Taxation

As members are liable for taxation on their share of the profits of the LLP there is no corporation or deferred tax charges.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

170

DEPRECIATION

At 1 April 2024

98

Charge for year

18

At 31 March 2025

116

NET BOOK VALUE

At 31 March 2025

54

At 31 March 2024

72

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 April 2024

13,572

Additions

438

Revaluations

750

At 31 March 2025

14,760

NET BOOK VALUE

At 31 March 2025

14,760

At 31 March 2024

13,572

The fair value of listed investments is determined by reference to the quoted price in the active market at the balance sheet date.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,167,305

Additions

280,250

At 31 March 2025

2,447,555

NET BOOK VALUE

At 31 March 2025

2,447,555

At 31 March 2024

2,167,305

Investment property was valued on an open market basis on 31 March 2025 by the members.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

1,283

425

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

47,200

39,476

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

706,525

704,776

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

706,525

704,776

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

706,525

704,776

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

12.

RESERVES

Fair

value

reserve

£

At 1 April 2024

218,267

Fair value movements

750

At 31 March 2025

219,017