Company No: OC443557 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	7,030,500		7,030,500
		7,030,500		7,030,500
Current assets
Debtors
- due within one year	4	4,417,783		4,411,631
- due after more than one year	4	232,192		242,398
Cash at bank and in hand		62,162		163,541
		4,712,137		4,817,570
Creditors: amounts falling due within one year	5	( 47,889)		( 38,070)
Net current assets		4,664,248		4,779,500
Total assets less current liabilities		11,694,748		11,810,000
Net assets attributable to members		11,694,748		11,810,000
Represented by
Members' other interests
Members' capital classified as equity		10,896,611		10,896,611
Revaluation reserve		798,137		913,389
		11,694,748		11,810,000
		11,694,748		11,810,000
Total members' interests
Amounts due from members (included in debtors)		(885,917)		(834,839)
Members' other interests		11,694,748		11,810,000
		10,808,831		10,975,161

For the financial year ending 31 March 2025 the LLP 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.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Benacre (2022) LLP (registered number: OC443557) were approved and authorised for issue by the Board of Directors on 13 November 2025. They were signed on its behalf by:

Mrs L Hutson MVO DL On behalf of Benacre Properties Company Limited

Mrs L Hutson MVO DL On behalf of Sir TRS Gooch Will Trust - Grandchildren's Fund

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The statutory accounts have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The preparation of statutory accounts in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

Turnover

Revenue is measured at the fair value of the consideration received or receivable and represents rental income.

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the reconciliation of members' interest.

Financial instruments

Financial assets and financial liabilities are recognised in the Balance sheet when the LLP becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at transaction price. A provision is established where there is evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash at bank.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	5		5

3. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	7,030,500
Additions	115,252
Fair value movement	(115,252)
As at 31 March 2025	7,030,500

4. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	8,144		16,651
Amounts owed by members	885,917		834,839
Prepayments	15,456		24,963
VAT recoverable	8,266		35,178
Other debtors	3,500,000		3,500,000
	4,417,783		4,411,631
Debtors: amounts falling due after more than one year
Other debtors	232,192		242,398

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	19,463		15,553
Other creditors	28,426		22,517
	47,889		38,070