ACCOUNTS - Final Accounts

Registered number: OC451610

PPR CHIVAS HOUSE LLP

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

PPR CHIVAS HOUSE LLP

REGISTERED NUMBER: OC451610

BALANCE SHEET

AS AT 31 MARCH 2025

	2025	2025
Note	£	£


Current assets
Stocks	4	12,553,479
Debtors: amounts falling due within one year	5	99,601
Cash at bank and in hand	6	285,181
		12,938,261
Creditors: Amounts Falling Due Within One Year	7	(27,528)
Net current assets			12,910,733
Total assets less current liabilities			12,910,733
Creditors: amounts falling due after more than one year	8		(6,746,114)
			6,164,619

Net assets			6,164,619

Represented by:
Loans and other debts due to members within one year
Members' other interests
Members' capital classified as equity	7,000,000
Other reserves classified as equity	(835,381)
		6,164,619
		6,164,619

Total members' interests
Members' other interests			6,164,619
			6,164,619

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PPR CHIVAS HOUSE LLP

REGISTERED NUMBER: OC451610

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 by:

PPR Estates Limited

Designated member

Date: 12 December 2025

The notes on pages 3 to 5 form part of these financial statements.

PPR Chivas House LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

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PPR CHIVAS HOUSE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

PPR Chivas LLP is a limited liability partnership incorporated in England and Wales. The registered office address is 5 Welbeck Street, London, W1G 9YQ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Interest income

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

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.5

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due 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 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 profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

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PPR CHIVAS HOUSE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.7

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.

2.8

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.

2.9

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.

Employees

	The entity has no employees.
	The average monthly number of employees, including directors, during the period was 0.

4.	Stocks
		2025
		£

	Property stock	12,553,479

Debtors

					2025
					£


	Other debtors	99,601

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PPR CHIVAS HOUSE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

6.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	285,181

7.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	23,028
	Accruals and deferred income	4,500
		27,528

8.	Creditors: Amounts falling due after more than one year
		2025
		£

	Bank loans	6,746,114

Secured loans
The other loans are secured by a fixed charge over the property and a floating charge over the property and undertakings of the Company.

9.	Loans
	Analysis of the maturity of loans is given below:
		2025
		£


	Amounts falling due 1-2 years
	Bank loans	6,746,114

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