Company No: OC336552 (England and Wales)

Contents

• Limited Liability Partnership Information
• Accountants' Report
• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

Designated members	Mr T G Clifton-Holt
	Mr D Linch

Registered office	Haguelands Farm
	Burmarsh
	Romney Marsh
	Kent
	TN29 0JR
	United Kingdom

Registered number

OC336552 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to Limited Liability Partnerships, we have prepared for your approval the financial statements of Sycamore Self Storage LLP for the financial year ended 31 March 2025 which comprise the Balance Sheet, the Reconciliation of Members' Interests and the related notes 1 to 7 from the LLP’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Sycamore Self Storage LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sycamore Self Storage LLP. You consider that Sycamore Self Storage LLP is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Sycamore Self Storage LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the members of Sycamore Self Storage LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Sycamore Self Storage LLP and state those matters that we have agreed to state to members of Sycamore Self Storage LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sycamore Self Storage LLP and its members as a body for our work or for this report.

Kreston Reeves LLP

37 St Margarets Street
Canterbury
Kent
CT1 2TU

27 August 2025

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	43,989		49,022
		43,989		49,022
Current assets
Debtors	4	442		969
Cash at bank and in hand		3,933		8,883
		4,375		9,852
Creditors: amounts falling due within one year	5	( 6,195)		( 4,835)
Net current (liabilities)/assets		(1,820)		5,017
Total assets less current liabilities		42,169		54,039
Net assets attributable to members		42,169		54,039
Represented by
Loans and other debts due to members within one year
Other amounts	6	42,169		54,039
		42,169		54,039
Members' other interests
		0		0
		42,169		54,039
Total members' interests
Loans and other debts due to members		42,169		54,039
		42,169		54,039

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 Sycamore Self Storage LLP (registered number: OC336552) were approved and authorised for issue by the Board of Directors on 20 August 2025. They were signed on its behalf by:

Mr D Linch Designated member

Mr T G Clifton-Holt Designated member

	EQUITY Members' other interests	DEBT Loans and other debts due to members less any amounts due from members in debtors	Total members' interests
	Other reserves	Other amounts	Total
	£	£	£
Amounts due to members		52,695
Balance at 01 April 2023	0	52,695	52,695
Profit for the financial year available for discretionary division among members	61,344	0	61,344
Members' interest after profit for the financial year	61,344	52,695	114,039
Division of profit	(61,344)	61,344	0
Drawings	0	(60,000)	(60,000)
Amounts due to members		54,039
Balance at 31 March 2024	0	54,039	54,039
Profit for the financial year available for discretionary division among members	64,130	0	64,130
Members' interest after profit for the financial year	64,130	54,039	118,169
Division of profit	(64,130)	64,130	0
Drawings	0	(76,000)	(76,000)
Amounts due to members		42,169
Balance at 31 March 2025	0	42,169	42,169

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

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

Sycamore Self Storage LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Haguelands Farm, Burmarsh, Romney Marsh, Kent, TN29 0JR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become debt to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the year end of a financial period

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of the profits are recognised as 'Members' remuneration' charged as an expense in the Statement of Comprehensive Income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	2		2

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	100,667		100,667
At 31 March 2025	100,667		100,667
Accumulated depreciation
At 01 April 2024	51,645		51,645
Charge for the financial year	5,033		5,033
At 31 March 2025	56,678		56,678
Net book value
At 31 March 2025	43,989		43,989
At 31 March 2024	49,022		49,022

4. Debtors

	2025		2024
	£		£
Trade debtors	442		969

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Accruals	6,195		4,835

6. Loans and other debts due to members

	2025		2024
	£		£
Other amounts due to members	42,169		50,040

7. Ultimate controlling party

The LLP is jointly controlled by the designated members.