REGISTERED NUMBER: OC430841 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Golden Cross Properties LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs N J Osborn

Mr M L Osborn

REGISTERED OFFICE:

Chestnut Meadow Park

Ninfield Road

Bexhill On Sea

East Sussex

TN39 5JG

REGISTERED NUMBER:

OC430841 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Investment property

4

2,187,822

2,412,822

CURRENT ASSETS

Debtors

5

109,815

60,429

Cash at bank

28,865

6,296

138,680

66,725

CREDITORS

Amounts falling due within one year

6

1,068,845

1,056,516

NET CURRENT LIABILITIES

(930,165

)

(989,791

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,257,657

1,423,031

CREDITORS

Amounts falling due after more than one year

7

1,147,657

1,313,031

NET ASSETS ATTRIBUTABLE TO MEMBERS

110,000

110,000

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Fair value reserve

9

110,000

110,000

110,000

110,000

TOTAL MEMBERS' INTERESTS

Members' other interests

110,000

110,000

Amounts due from members

5

(107,888

)

(58,961

)

2,112

51,039

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 31 March 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 21 November 2025 and were signed by:

Mr M L Osborn - Designated member

1.	STATUTORY INFORMATION

Golden Cross Properties LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents amounts chargeable in respect of rental income and is recognised when receivable.

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.

Members

A member's share of the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,412,822

Disposals

(225,000

)

At 31 March 2025

2,187,822

NET BOOK VALUE

At 31 March 2025

2,187,822

At 31 March 2024

2,412,822

The investment properties were valued at an open market value at the balance sheet date by the partners.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

110,000

Cost

2,077,822

2,187,822

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

109,815

60,429

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,373

5,240

Trade creditors

5,605

3,563

Other creditors

1,057,867

1,047,713

1,068,845

1,056,516

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,147,657

1,313,031

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

1,144,000

1,304,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgage loan

1,144,000

1,304,000

The bank loan is secured on the partnership's investment properties.

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

110,000

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the partnership owed £1,053,062 (2024 - £1,042,062) to an LLP with the same members. The balance is unsecured, interest free and repayable on demand.