Retail Growth Limited Liability Partnership LLP accounts

REGISTERED NUMBER: OC346342

Retail Growth Limited Liability Partnership

Unaudited Financial Statements

31 March 2025

Retail Growth Limited Liability Partnership

Financial Statements

Year ended 31st March 2025

Contents	Page

Members' report	1

Statement of comprehensive income	3

Statement of financial position	4

Reconciliation of members' interests	6

Notes to the financial statements	8

Retail Growth Limited Liability Partnership

Members' Report

Year ended 31st March 2025

The members present their report and the unaudited financial statements of the LLP for the year ended 31 March 2025 .

Principal activities

The principal activity of the company during the year was to invest in real estate directly or via entities engaged in real estate activities.

Designated members

The designated members who served the LLP during the year were as follows:

L. Roberts
L.F. Boultbee Brooks
B.J. Boultbee Brooks
C.E. Boultbee Brooks
E.L. Boultbee Brooks

Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members

Members are permitted to make drawings when profits have been allocated to them , subject to sufficient maintenance of working capital. Drawings are determined after the end of each calendar quarter.

New members are required to subscribe a minimum level of capital and any subsequent capital requirements maybe determined by unanimous consent of the members. Withdrawal of capital maybe allowed when there is sufficient working capital.

This report was approved by the members on 11 December 2025 and signed on behalf of the members by:

C.E. Boultbee Brooks

Designated Member

Registered office:

Shell Store

Canary Drive

Rotherwas

Hereford

HR2 6SR

Retail Growth Limited Liability Partnership

Statement of Comprehensive Income

Year ended 31st March 2025

	2025	2024
Note	£	£
Other operating expenses	61	91
	----	----
Operating loss	( 61)	( 91)

Income and gains other fixed asset investments	( 51,015)	32,928
Other interest receivable and similar income	37	43
	--------	--------
(Loss)/profit for the financial year before members' remuneration and profit shares available for discretionary division among members	(51,039)	32,880
	--------	--------

All the activities of the LLP are from continuing operations.

Retail Growth Limited Liability Partnership

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Investments	4	728,786	782,500

Current assets

Debtors	5	274,065	283,706
Cash at bank and in hand		200	2,126
		---------	---------
		274,265	285,832
		---------	---------
Net current assets		274,265	285,832
		------------	------------
Total assets less current liabilities		1,003,051	1,068,332
		------------	------------

Represented by:

Loans and other debts due to members

Other amounts	6	225,065	205,828

Members' other interests

Members' capital classified as equity	864,892	864,914
Other reserves	(86,906)	(2,410)
	------------	------------
	1,003,051	1,068,332
	------------	------------

Total members' interests

Loans and other debts due to members	6	225,065	205,828
Members' other interests		777,986	862,504
		------------	------------
		1,003,051	1,068,332
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31st 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) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

Retail Growth Limited Liability Partnership

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the members and authorised for issue on 11 December 2025 , and are signed on their behalf by:

C.E. Boultbee Brooks

Designated Member

Registered number: OC346342

Retail Growth Limited Liability Partnership

Reconciliation of Members' Interests

Year ended 31st March 2025

	Members' other interests			Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Other amounts	Total	Total 2025
	£	£	£	£	£	£
Balance at 1st April 2024	864,914	(2,410)	862,504	205,825	205,825	1,068,329
Loss for the financial year available for discretionary division among members		(51,039)	(51,039)			(51,039)
	---------	--------	---------	---------	---------	------------
Members' interests after loss for the year	864,914	(53,449)	811,465	205,825	205,825	1,017,290
Other division of profits		(33,457)	(33,457)	33,457	33,457	–
Drawings				(14,239)	(14,239)	(14,239)
Reclassifications	(22)	–	(22)	22	22	–
	---------	--------	---------	---------	---------	------------
Balance at 31st March 2025	864,892	(86,906)	777,986	225,065	225,065	1,003,051
	---------	--------	---------	---------	---------	------------

Retail Growth Limited Liability Partnership

Reconciliation of Members' Interests (continued)

Year ended 31st March 2025

	Members' other interests			Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Other amounts	Total	Total 2024
	£	£	£	£	£	£
Balance at 1st April 2023	888,487	(42,027)	846,460	386,628	386,628	1,233,088
Profit for the financial year available for discretionary division among members		32,880	32,880			32,880
	---------	--------	---------	---------	---------	------------
Members' interests after profit for the year	888,487	(9,147)	879,340	386,628	386,628	1,265,968
Other division of profits		6,737	6,737	(6,737)	(6,737)	–
Drawings				(197,636)	(197,636)	(197,636)
Reclassifications	(23,573)	–	(23,573)	23,573	23,573	–
	---------	-------	---------	---------	---------	------------
Balance at 31st March 2024	864,914	(2,410)	862,504	205,828	205,828	1,068,332
	---------	-------	---------	---------	---------	------------

Retail Growth Limited Liability Partnership

Notes to the Financial Statements

Year ended 31st March 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is Shell Store, Canary Drive, Rotherwas, Hereford, HR2 6SR.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Retail Growth Limited Liability Partnership

Notes to the Financial Statements (continued)

Year ended 31st March 2025

3. Accounting policies (continued)

Members' participation rights (continued)

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at fair value.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4.	Investments

	Other investments
	£
Cost
At 1st April 2024	782,500
Additions	48,178
Disposals	( 17,396)
Revaluations	( 84,496)
	---------
At 31st March 2025	728,786
	---------
Impairment
At 1st April 2024 and 31st March 2025	–
	---------

Carrying amount
At 31st March 2025	728,786
	---------
At 31st March 2024	782,500
	---------

Investments held at valuation

Fixed asset investments that comprise a portfolio of securities are valued by reference to market prices and values provided by the investment manager.

In respect of investments held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Other investments
	£
At 31st March 2025
Aggregate cost	782,668
Aggregate depreciation	–
	---------
Carrying value	782,668
	---------

At 31st March 2024
Aggregate cost	807,675
Aggregate depreciation	–
	---------
Carrying value	807,675
	---------

5.	Debtors

	2025	2024
	£	£
Other debtors	274,065	283,706
	---------	---------

6.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	225,065	205,828
	---------	---------

7.	Related party transactions

Included within other debtors is £274,065 (2024:£283,706) owed by Boultbee Developments (NO.1 ) Limited, a company in which the member; C.E.Boultbee-Brooks is interested.