Limited Liability Partnership registration number OC310672 (England and Wales)
MAIDSTONE CAPITAL LLP
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MAIDSTONE CAPITAL LLP
CONTENTS
Page
Balance sheet
1
Reconciliation of members' interests
2
Notes to the financial statements
3 - 5
MAIDSTONE CAPITAL LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
206
205
Cash at bank and in hand
122
12
328
217
Creditors: amounts falling due within one year
4
(1,137,914)
(1,137,889)
Net current liabilities and net liabilities attributable to members
(1,137,586)
(1,137,672)
Represented by:
Loans and other debts due to members within one year
5
Other amounts
176,295
176,295
Members' other interests
Members' capital classified as equity
702,667
701,392
Other reserves classified as equity
(2,016,548)
(2,015,359)
(1,137,586)
(1,137,672)

For the financial year ended 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 8 December 2025 and are signed on their behalf by:
08 December 2025
J P Rosen FRICS
Designated member
Limited Liability Partnership registration number OC310672 (England and Wales)
MAIDSTONE CAPITAL LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Current financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other reserves
Total
Other amounts
Total
2025
£
£
£
£
£
Members' interests at 1 April 2024
701,392
(2,015,359)
(1,313,967)
176,295
(1,137,672)
Loss for the financial year available for discretionary division among members
-
(1,189)
(1,189)
-
(1,189)
Members' interests after loss for the year
701,392
(2,016,548)
(1,315,156)
176,295
(1,138,861)
Introduced by members
1,275
-
1,275
-
1,275
Members' interests at 31 March 2025
702,667
(2,016,548)
(1,313,881)
176,295
(1,137,586)
Prior financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other reserves
Total
Other amounts
Total
2024
£
£
£
£
£
Members' interests at 1 April 2023
700,267
(2,014,221)
(1,313,954)
176,295
(1,137,659)
Loss for the financial year available for discretionary division among members
-
(1,138)
(1,138)
-
(1,138)
Members' interests after loss for the year
700,267
(2,015,359)
(1,315,092)
176,295
(1,138,797)
Introduced by members
1,125
-
1,125
-
1,125
Members' interests at 31 March 2024
701,392
(2,015,359)
(1,313,967)
176,295
(1,137,672)
MAIDSTONE CAPITAL LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Limited liability partnership information

Maidstone Capital LLP is a limited liability partnership incorporated in England and Wales. The registered office is Acre House, 11-15 William Road, London, United Kingdom, NW1 3ER.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to limited liability partnerships subject to the small limited liability partnerships regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern
The accounts have been prepared on a break-up basis and all assets are stated at their recoverable amount. As a consequence, all assets and liabilities are stated as current.
1.3
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the m embers' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

1.4
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include deposits held at call with banks.

MAIDSTONE CAPITAL LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes 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 enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the limited liability partnership after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Equity

The equity of the limited liability partnership comprises members’ capital classified as equity, revaluation reserve and unallocated profits.

Members’ capital is classified as equity only when the limited liability partnership has the right not to return the capital to the member except on dissolution of the limited liability partnership, otherwise it is classified as a financial liability.

2
Employees

There were no employees during the current or previous year.

3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
206
205
MAIDSTONE CAPITAL LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
1,136,864
1,136,864
Accruals and deferred income
1,050
1,025
1,137,914
1,137,889
5
Loans and other debts due to members
2025
2024
£
£
Loans advanced by members
176,295
176,295
Analysis of loans and other debts due to members
Amounts falling due within one year
176,295
176,295

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

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