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REGISTERED NUMBER: OC346390 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 30 June 2025 |

| for |

| Quercus PRF LLP |

Quercus PRF LLP (Registered number: OC346390)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

General Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Quercus PRF LLP

General Information

for the Year Ended 30 June 2025

| DESIGNATED MEMBERS: | J R Spreckley

| J S Martin

| REGISTERED OFFICE: | Brinsop House

| Brinsop

| Hereford

| HR4 7AS

| REGISTERED NUMBER: | OC346390 (England and Wales)

| ACCOUNTANTS: | Thorne Widgery Accountancy Ltd

| Chartered Accountants

| 2 Wyevale Business Park

| Kings Acre

| Hereford

| Herefordshire

| HR4 7BS

Quercus PRF LLP (Registered number: OC346390)

Balance Sheet

30 June 2025

| 30.6.25 |  | 30.6.24

| Notes | £ | £ |

FIXED ASSETS

Investment property | 4 | 306,915 |  | 320,475 |  |

CURRENT ASSETS

Debtors | 5 | 77,693 |  | 73,650 |  |

Cash at bank | 6 | 5,549 |  | 17,000 |  |

83,242 |  | 90,650 |  |

CREDITORS

Amounts falling due within one year | 7 | (5,930 | ) | (10,735 | ) |

NET CURRENT ASSETS | 77,312 |  | 79,915 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 384,227 |  | 400,390 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 384,227 |  | 400,390 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 8 | 384,227 |  | 400,390 |  |

Amounts due from members | 5 | (77,596 | ) | (73,555 | ) |

306,631 |  | 326,835 |  |

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 30 June 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.

Quercus PRF LLP (Registered number: OC346390)

Balance Sheet - continued

30 June 2025

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 2 December 2025 and were signed by:

J R Spreckley - Designated member

Quercus PRF LLP (Registered number: OC346390)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Quercus PRF 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.

| 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.

| Financial instruments

| The limited liability partnership has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the limited liability partnerships statement of financial position when the limited liability partnership becomes a party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforced right to set of the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. | EMPLOYEE INFORMATION

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

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024 | 320,475 |  |

| Disposals | (13,560 | ) |

| At 30 June 2025 | 306,915 |  |

| NET BOOK VALUE

| At 30 June 2025 | 306,915 |  |

| At 30 June 2024 | 320,475 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Other debtors | 77,693 |  | 73,650 |  |

6. | CASH AT BANK

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank account no. 1 | 5,549 |  | 17,000 |  |

Quercus PRF LLP (Registered number: OC346390)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Other creditors | 5,930 |  | 10,735 |  |

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

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

9. | RELATED PARTY DISCLOSURES

| During the year, a company under the control of a designated member, provided management services to Quercus PRF LLP amounting to £6,670 (2024 - £7,5260). no amounts were outstanding at either year end.