Fisher German Property Management LLP

	Page
Statement of Financial Position	1—2
Reconciliation of Members' Interests	3—4
Notes to the Financial Statements	4—6

	EQUITY	DEBT
	Members' other interests	Loans and other debts due to members less any amounts due from members in debtors
	Other Reserves	Other amounts	Total members' interest
	£	£	£
Amounts due to members	-	1,815,679	-

Balance at 1 April 2023	1,000	1,815,679	1,816,679
Members' remuneration charged as an expense, including employment and retirement benefit costs	-	162,732	162,732
Profit/(loss) for the financial year available for discretionary division among members	33	-	33

Members' interests after profit/(loss) for the year	1,033	1,978,411	1,979,444
Other divisions of profits (losses)	-	-	-
Drawings	-	(1,816,684)	(1,816,684)
Other Movements	(33)	-	(33)

Amounts due to members	-	161,727	-

As at 31 March 2024 and 1 April 2024	1,000	161,727	162,727


Members' interests after profit/(loss) for the year	1,000	161,727	162,727
Drawings	-	(161,727)	(161,727)
Other Movements	(1,000)	-	(1,000)

As at 31 March 2025	-	-	-

1. General Information

Fisher German Property Management LLP is a limited liability partnership, incorporated in England & Wales, registered number OC306094 . The Registered Office is The Head Office, Ivanhoe Office Park, Ivanhoe Park way, Ashby de la Zouch, Leicestershire, LE65 2AB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Going Concern Disclosure

The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.5. 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, 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 and loans from fellow group companies 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Page 4

Page 5

Fisher German Property Management LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Members Participating Interests

Members participation rights are the rights of a member against the LLP that arise under the members 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.

Where there exists an asset and liability component in respect of an individual member participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

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.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Members' Remuneration

	2025		2024
Average number of members during the year	1		2

5. Current Asset Investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the limited liability partnership. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to group undertakings	71,846	696,939

National Westminster Bank plc holds a fixed and floating charge over the assets of the Limited Liability Partnership dated 18 June 2019.

There is an intercompany guarantee covering Fisher German LLP, Fisher German Limited, Fisher German Property Management LLP and Fisher German On Site Limited dated 18 June 2019 in favour of National Westminster Bank PLC.

7. Loans and other debts due to members

	2025	2024
	£	£
Amounts due to members	-	161,727

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

Page 5

Page 6

Fisher German Property Management LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Controlling Parties

The LLP's immediate and ultimate parent undertaking is Fisher German LLP .

Group accounts are drawn up of which the company is a member is Fisher German LLP (incorporated in England & Wales). Its registered office is The Head Office Ivanhoe Office Park, Ivanhoe Park Way, Ashby-De-La-Zouch, Leicestershire, England, LE65 2AB .

Copies of the group accounts may be obtained from the company's registered office.

The LLP has no controlling party

Page 6

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Cash at bank and in hand		71,846		859,666

		71,846		859,666
Creditors: Amounts Falling Due Within One Year	6	(71,846 )		(696,939 )

NET CURRENT ASSETS (LIABILITIES)			-		162,727

TOTAL ASSETS LESS CURRENT LIABILITIES			-		162,727

NET ASSETS ATTRIBUTABLE TO MEMBERS			-		162,727

REPRESENTED BY:
Loans and other debts due to members
Other amounts		-		161,727

			-		161,727

Equity
Members' other interests
Other reserves		-		1,000

			-		1,000

			-		162,727

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			-		161,727
Members' other interests			-		1,000

			-		162,727