| Augur Fort William LLP |
| Registered number: |
OC356977 |
| Balance Sheet |
| as at 31 March 2025 |
| Notes |
|
2025 |
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
825,000 |
|
825,000 |
| Current assets |
|
|
|
|
|
| Debtors |
4 |
|
30,477 |
|
46,399 |
| Cash at bank and in hand |
|
|
43,587 |
|
13,147 |
|
|
|
74,064 |
|
59,546 |
|
| Creditors: amounts falling due within one year |
5 |
|
(53,312) |
|
(44,913) |
|
| Net current assets |
|
|
20,752 |
|
14,633 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
845,752 |
|
839,633 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
(197,272) |
|
(233,117) |
|
|
| Net assets attributable to members |
648,480 |
|
606,516 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
8 |
|
648,480 |
|
606,516 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
8 |
|
648,480 |
|
606,516 |
|
|
|
|
648,480 |
|
606,516 |
|
|
|
|
|
|
| For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 27 November 2025 and signed on their behalf by: |
|
|
| Augur Investments Ltd |
| Designated member |
|
| Augur Fort William LLP |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention except for the modification to a fair value basis for certain assets as detailed in the accounting policies below. They have been prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), the Companies Act 2006 as applicatble to LLPs and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. It is recognised to the extent that the company obtains the right to consideration for its performance Turnover includes revenue earned from the rental of property and from the rendering of services. Rental income from operating leases is recognised in the profit and loss on a straight line basis over the period of the lease. Any lease incentives granted to tenants are recorded as a reduction in the relevant rental income and are also recognised on a straight line basis over the period of the lease. |
|
|
Division of profits |
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account. |
|
|
Investment property |
|
Investment property is carried at fair value, determined annually, derived from market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location, tenure and condition of the specific asset. No depreciation is charged and any changes in fair value are recognised in the profit and loss account. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
| 1 |
Accounting policies (continued) |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Fixed asset investments |
| Freehold |
| investment |
| property |
| £ |
|
Cost or fair value |
|
At 1 April 2024 and at 31 March 2025 |
825,000 |
|
|
Impairment |
|
At 31 March 2020 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
825,000 |
|
At 31 March 2024 |
825,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 31 March 2024 |
1,052,694 |
|
At 31 March 2025 |
1,052,694 |
|
|
|
|
|
|
|
|
|
|
The investment property was revalued at 31 March 2025 by the members based on market
information available to them. |
|
There was no change in value nor any impairment charge in the year or prior year. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
1,830 |
|
13,666 |
|
Other debtors |
28,647 |
|
32,733 |
|
|
|
|
|
|
30,477 |
|
46,399 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
24,561 |
|
28,647 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
34,530 |
|
30,216 |
|
Trade creditors |
1,381 |
|
42 |
|
Other taxes and social security costs |
2,853 |
|
4,846 |
|
Other creditors |
14,548 |
|
9,809 |
|
|
|
|
|
|
53,312 |
|
44,913 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
197,272 |
|
233,117 |
|
|
|
|
|
|
197,272 |
|
233,117 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
25,810 |
|
75,440 |
|
|
|
|
|
|
25,810 |
|
75,440 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
231,802 |
|
263,331 |
|
|
|
|
|
|
|
|
|
|
The bank loan is secured by a fixed and floating charge over the assets of the LLP. The loan is repayable by monthly installments over 20 years commencing August 2010. |
|
|
| 8 |
Loans and other debts due to members |
2025 |
|
2024 |
| £ |
£ |
|
|
Members capital classified as debt |
100,000 |
|
100,000 |
|
Loans from members |
380,000 |
|
389,582 |
|
Amounts due to members in respect of profits |
168,480 |
|
116,934 |
|
|
|
|
|
|
648,480 |
|
606,516 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
648,480 |
|
606,516 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 9 |
Other information |
|
|
Augur Fort William LLP is a limited liability partnership incorporated in England under reference OC356977. Its registered office is: |
|
Unit 13, Breasy Place |
|
9 Burroughs Gardens |
|
London |
|
NW4 4AT |