REGISTERED NUMBER: OC434750 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Abbey Group Property Management LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

R R Sturgess

Mrs C C A Sturgess

REGISTERED OFFICE:

Abbey House

14 Grove Street

Wantage

Oxfordshire

OX12 7AA

REGISTERED NUMBER:

OC434750 (England and Wales)

ACCOUNTANTS:

Aspen Waite South Ltd

Boston House

Grove Business Park

Wantage

Oxfordshire

OX12 9FF

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

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property lettings and management.

DESIGNATED MEMBERS

The designated members during the year under review were:

R R Sturgess

Mrs C C A Sturgess

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £87,621 (2024 - £74,652 profit).

MEMBERS' INTERESTS

Members' interests are the rights of a member against the LLP and arise under the members' agreement (for

example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' interests 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 FRS102, '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 interest results in a

liability unless the right to any payment is discretionary on the part of the LLP.

ON BEHALF OF THE MEMBERS:

R R Sturgess - Designated member

19 November 2025

TURNOVER

1,384,537

1,348,977

Cost of sales

2

2

GROSS PROFIT

1,384,535

1,348,975

Administrative expenses

507,241

448,530

877,294

900,445

Other operating income

-

627

OPERATING PROFIT

4

877,294

901,072

Interest payable and similar expenses

789,673

826,420

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

87,621

74,652

FIXED ASSETS

Tangible assets

5

5,259

12,876

Investment property

6

25,835,000

27,770,000

25,840,259

27,782,876

CURRENT ASSETS

Debtors

7

675,569

828,228

Cash at bank

21,465

27,400

697,034

855,628

CREDITORS

Amounts falling due within one year

8

49,371

222,026

NET CURRENT ASSETS

647,663

633,602

TOTAL ASSETS LESS CURRENT LIABILITIES

26,487,922

28,416,478

CREDITORS

Amounts falling due after more than one year

9

14,392,892

15,473,124

NET ASSETS ATTRIBUTABLE TO MEMBERS

12,095,030

12,943,354

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

11,552,030

12,350,354

MEMBERS' OTHER INTERESTS

Revaluation reserve

11

543,000

593,000

12,095,030

12,943,354

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

11,552,030

12,350,354

Members' other interests

543,000

593,000

12,095,030

12,943,354

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 19 November 2025 and were signed by:

R R Sturgess - Designated member

1.	STATUTORY INFORMATION

Abbey Group Property Management LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2024 - 4 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

10,024

23,854

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

63,753

1,256

14,303

79,312

Additions

-

292

2,115

2,407

At 31 March 2025

63,753

1,548

16,418

81,719

DEPRECIATION

At 1 April 2024

57,388

631

8,417

66,436

Charge for year

6,365

351

3,308

10,024

At 31 March 2025

63,753

982

11,725

76,460

NET BOOK VALUE

At 31 March 2025

-

566

4,693

5,259

At 31 March 2024

6,365

625

5,886

12,876

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

27,770,000

Disposals

(1,935,000

)

At 31 March 2025

25,835,000

NET BOOK VALUE

At 31 March 2025

25,835,000

At 31 March 2024

27,770,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

17,052

13,685

Other debtors

658,517

814,543

675,569

828,228

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

35,864

18,172

Taxation and social security

3,147

3,135

Other creditors

10,360

200,719

49,371

222,026

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

14,392,892

15,473,124

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

11,552,030

12,350,354

Falling due within one year

11,552,030

12,350,354

The loans and other debts due to members would not be withdrawn in preference to paying third party creditors.

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

593,000

Revaluation release - disposal

(50,000

)

At 31 March 2025

543,000