ACCOUNTS - Final Accounts preparation

Loans and other debts due to members

Registered number: OC425699

DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP

CONTENTS

	Page
Balance sheet	1 - 2
Reconciliation of members' interests	3
Notes to the financial statements	4 - 6

DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP

REGISTERED NUMBER: OC425699

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	820		809
Cash at bank and in hand	5	4,343		7,741
		5,163		8,550
Creditors: Amounts Falling Due Within One Year	6	(3,600)		(3,450)
Net current assets			1,563		5,100
Total assets less current liabilities			1,563		5,100

Net assets			1,563		5,100

Represented by:
Loans and other debts due to members
Other amounts	7		1,463		5,000
			1,463		5,000
Members' other interests
Members' capital classified as equity		100		100
			100		100
			1,563		5,100

Total members' interests
Loans and other debts due to members	7	1,463	5,000
Members' other interests		100	100
		1,563	5,100

Page 1

DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP

REGISTERED NUMBER: OC425699

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

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.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 8 December 2025.

................................................

C A Allen
On behalf of Fiera Real Estate UK Limited

Designated member

The notes on pages 4 to 6 form part of these financial statements.

Page 2

DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 MARCH 2025


	EQUITY Members' other interests		DEBT Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Members' capital (classified as equity)	Total	Other amounts	Total	Total
	£	£	£	£	£
Amounts due to members			9,667	9,667
Balance at 1 April 2023	100	100	9,667	9,667	9,767
Members' remuneration charged as an expense	-	-	(4,667)	(4,667)	(4,667)
Members' interests after profit for the year	100	100	5,000	5,000	5,100
Amounts due to members			5,000	5,000
Balance at 31 March 2024	100	100	5,000	5,000	5,100
Members' remuneration charged as an expense	-	-	(3,537)	(3,537)	(3,537)
Members' interests after profit for the year	100	100	1,463	1,463	1,563
Amounts due to members			1,463	1,463
Balance at 31 March 2025	100	100	1,463	1,463	1,563

The notes on pages 4 to 6 form part of these financial statements.

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Danescroft (Chichester Asset Management) LLP is a limited liability partnership, incorporated in England and Wales, registration number OC425699. The address of the registered office is Third Floor Queensberry House, 3 Old Burlington Street, London, W1S 3AE.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements 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 following principal accounting policies have been applied:

2.2

Going concern

The financial statement have not been prepared on a Going Concern basis as it is the members intention to dissolve the LLP within next 12 months.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's Balance sheet when the LLP becomes party to the contractual provisions of the instrument.

Page 4

DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the LLP transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the LLP will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.

Members

The average number of members during the year was 4 (2024: 4).

Page 5

DANESCROFT (CHICHESTER ASSET MANAGEMENT) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Other debtors	720	709
Called up share capital not paid	100	100
	820	809

5.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	4,343	7,741

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

	Accruals and deferred income	3,600	3,450


	Other amounts due to members	1,463	5,000

Total members' interest, including loans and other debts due to members, are unsecured and would rank Pari passu with other unsecured creditors in the event of winding up

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