Holley Industrial Leasing LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC440520 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HOLLEY INDUSTRIAL LEASING LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs C L Fry

W J Holley

Ms M A Holley

Mrs A D Holley

REGISTERED OFFICE:

Windover House

St. Ann Street

Salisbury

SP1 2DR

REGISTERED NUMBER:

OC440520 (England and Wales)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

4

38,823

23,951

Investment property

5

4,000,000

4,038,823

4,023,951

CURRENT ASSETS

Debtors

6

9,187

6,074

Cash at bank

610,741

444,549

619,928

450,623

CREDITORS

Amounts falling due within one year

7

134,087

70,957

NET CURRENT ASSETS

485,841

379,666

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

4,524,664

4,403,617

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

3,433,524

3,312,477

MEMBERS' OTHER INTERESTS

Revaluation reserve

9

1,091,140

4,524,664

4,403,617

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

3,433,524

3,312,477

Members' other interests

1,091,140

4,524,664

4,403,617

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 27 August 2025 and were signed by:

W J Holley - Designated member

1.	STATUTORY INFORMATION

Holley Industrial Leasing LLP 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.

Revenue

Revenue represents the amounts receivable from rental income which is recognised on an accruals basis.

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 etc

-

25% on reducing balance and 20% on reducing balance

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.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 April 2024

2,607

39,614

42,221

Additions

-

35,385

Disposals

-

(13,659

)

(13,659

)

At 31 March 2025

2,607

61,340

63,947

DEPRECIATION

At 1 April 2024

938

17,332

18,270

Charge for year

334

12,496

12,830

Eliminated on disposal

-

(5,976

)

(5,976

)

At 31 March 2025

1,272

23,852

25,124

NET BOOK VALUE

At 31 March 2025

1,335

37,488

38,823

At 31 March 2024

1,669

22,282

23,951

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

4,000,000

NET BOOK VALUE

At 31 March 2025

4,000,000

At 31 March 2024

4,000,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

6,944

3,744

Other debtors

2,243

2,330

9,187

6,074

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

24,494

8,392

Other creditors

109,593

62,565

134,087

70,957

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

Amounts owed to members in respect of profits

524,664

403,617

Capital account

2,908,860

3,433,524

3,312,477

Falling due within one year

3,433,524

3,312,477

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of the LLP ceasing.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

1,091,140