REGISTERED NUMBER: OC318274 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ORSMAN PROPERTIES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M Gerrard

J P Gerrard

Mrs J Y S Almond

B Chesterfield

REGISTERED OFFICE:

Occ Estate, Building C

105 Eade Road

London

N4 1TJ

REGISTERED NUMBER:

OC318274 (England and Wales)

ACCOUNTANTS:

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

FIXED ASSETS

Tangible assets

4

5,581

7,083

Investment property

5

3,119,114

3,119,114

3,124,695

3,126,197

CURRENT ASSETS

Debtors

6

1,923,392

1,972,562

Cash at bank

81,482

81,906

2,004,874

2,054,468

CREDITORS

Amounts falling due within one year

7

988,263

1,221,617

NET CURRENT ASSETS

1,016,611

832,851

TOTAL ASSETS LESS CURRENT LIABILITIES

4,141,306

3,959,048

CREDITORS

Amounts falling due after more than one year

8

3,173,011

3,272,832

NET ASSETS ATTRIBUTABLE TO MEMBERS

968,295

686,216

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

968,295

686,216

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

968,295

686,216

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 5 December 2025 and were signed by:

J P Gerrard - Designated member

1.	STATUTORY INFORMATION

Orsman Properties 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.

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.

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

58,165

Additions

2,447

At 31 March 2025

60,612

DEPRECIATION

At 1 April 2024

51,082

Charge for year

3,949

At 31 March 2025

55,031

NET BOOK VALUE

At 31 March 2025

5,581

At 31 March 2024

7,083

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

3,119,114

NET BOOK VALUE

At 31 March 2025

3,119,114

At 31 March 2024

3,119,114

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

600

500

Other debtors

1,922,792

1,972,062

1,923,392

1,972,562

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

442,479

436,996

Other creditors

545,784

784,621

988,263

1,221,617

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,173,011

3,272,832

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu in relation to all other creditors.