REGISTERED NUMBER: OC385929 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

WHITE SWAN YORK LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs S Graham

A Graham

REGISTERED OFFICE:

Sterling House

27 Hatchlands Road

Redhill

RH1 6RW

REGISTERED NUMBER:

OC385929 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Investment property

4

4,000,000

4,000,000

CURRENT ASSETS

Debtors

5

182,528

104,454

Cash at bank

24,881

97,080

207,409

201,534

CREDITORS

Amounts falling due within one year

6

311,958

290,135

NET CURRENT LIABILITIES

(104,549

)

(88,601

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,895,451

3,911,399

CREDITORS

Amounts falling due after more than one year

7

2,029,217

2,079,147

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,866,234

1,832,252

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

1,866,234

1,832,252

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

1,866,234

1,832,252

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 5 April 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 9 December 2025 and were signed by:

Mrs S Graham - Designated member

1.	STATUTORY INFORMATION

White Swan York 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

4,000,000

NET BOOK VALUE

At 5 April 2025

4,000,000

At 5 April 2024

4,000,000

Investment property was valued on an open market basis on 5 April 2025 by the members.

Fair value at 5 April 2025 is represented by:

£

Valuation in 2022

1,570,055

Valuation in 2024

(500,000

)

Cost

2,929,945

4,000,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

147,528

85,454

Amounts owed by group undertakings

35,000

19,000

182,528

104,454

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

49,950

50,020

Amounts owed to group undertakings

103,000

79,500

Taxation and social security

8,202

10,369

Other creditors

150,806

150,246

311,958

290,135

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

2,029,217

2,079,147

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

49,950

50,020

Amount repayable by instalments after 5 years included within the above totals are £1,867,500 (2024: £1,907,500)

9.	SECURED DEBTS

The following secured debts are included withing creditors:

Bank loan £2,067,500 (2024: £2,147,500)

The bank loans are secured over all monies due to the company and charge over freehold investment properties.

The loan is for a period of 12 years and matures on December 2027. There is a fixed rate of 4.43%.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' other interests rank after unsecured creditors, and loans and other debts due to members rank pari passu with unsecured creditors in the even of winding up