Registered No. OC362853 (England)
Redchurch Penthouses LLP
Unaudited accounts
for the year ended 31 March 2025
Redchurch Penthouses LLP
Statement of financial position
as at 31 March 2025
Investment property
25,000
25,000
Cash at bank and in hand
8,329
226
Creditors: amounts falling due within one year
(820)
(790)
Net current assets
8,634
5,061
Net assets attributable to members
33,634
30,061
Loans and other debts due to members
33,634
30,061
Loans and other debts due to members
33,634
30,061
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 4 December 2025.
Neptune Group Limited
Designated member
Limited Liability Partnership Registration No. OC362853
Redchurch Penthouses LLP
Notes to the Accounts
for the year ended 31 March 2025
The accounts have been prepared under the historical cost convention and 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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Having reviewed the resources available, the members of Redchurch Penthouses LLP consider their to be adequate resources available to enable it to continue in operational existence for at least a period of 12 months from the date of approval of the financial statements. Accordingly, Redchurch Penthouses LLP continues to adopt the going concern basis in preparation of its financial statements.
Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Redchurch Penthouses LLP is a limited liability partnership, incorporated in England, registration number OC362853. Its registered office is 14 Holywell Row, London, EC2A 4JB, England.
Fair value at 1 April 2024
25,000
4
Creditors: amounts falling due within one year
2025
2024
Redchurch Penthouses LLP
Notes to the Accounts
for the year ended 31 March 2025
5
Loans and other debts due to members
2025
2024
Amounts due to members in respect of profits
33,634
30,061
Amounts falling due within one year
33,634
30,061
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).