REGISTERED NUMBER: OC325565 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Blakelands Limited Liability Partnership

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Sea-Ex Limited

Westhall Estates Limited

REGISTERED OFFICE:

8a Wingbury Courtyard

Business Village

Leighton Road

Wingrave

Buckinghamshire

HP22 4LW

REGISTERED NUMBER:

OC325565 (England and Wales)

ACCOUNTANTS:

Clarkson Cleaver & Bowes Limited

8a Wingbury Courtyard

Business Village

Wingrave

Buckinghamshire

HP22 4LW

CURRENT ASSETS

Stocks

4

3,989,198

3,824,814

Debtors

5

150,707

70,863

Cash at bank

48,730

111,787

4,188,635

4,007,464

CREDITORS

Amounts falling due within one year

6

(126,660

)

(55,489

)

NET CURRENT ASSETS

4,061,975

3,951,975

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

4,061,975

3,951,975

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

4,061,975

3,951,975

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

4,061,975

3,951,975

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 7 November 2025 and were signed by:

Sea-Ex Limited - Designated member

Westhall Estates Limited - Designated member

1.	STATUTORY INFORMATION

Blakelands Limited Liability Partnership 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure, including interest on loans and an appropriate proportion of fixed and variable overheads.

3.	EMPLOYEE INFORMATION

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

4.

STOCKS

31/3/25

31/3/24

£

£

Work-in-progress

3,989,198

3,824,814

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

1,500

-

Other debtors

123,205

66,824

VAT

4,253

2,229

Prepayments and accrued income

21,749

1,810

150,707

70,863

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

16,925

2,134

Other creditors

109,735

53,355

126,660

55,489

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31/3/25

31/3/24

£

£

Loans from members

4,061,975

3,951,975

Falling due within one year

4,061,975

3,951,975

Sea-Ex Limited has provided working capital loans to the partnership and these loans are secured by a debenture over the freehold land and property.

The loan is due to be repaid as funds become available from the proceeds arising from the sale of the completed units.