Adaero LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SO306020

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		5,786
Investment Properties	5		1,567,137		1,526,152

			1,567,137		1,531,938
CURRENT ASSETS
Debtors	6	11,944		7,830
Cash at bank and in hand		13,637		15,799

		25,581		23,629
Creditors: Amounts Falling Due Within One Year	7	(481,863 )		(469,645 )

NET CURRENT ASSETS (LIABILITIES)			(456,282 )		(446,016 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,110,855		1,085,922

Creditors: Amounts Falling Due After More Than One Year	8		(1,041,892 )		(1,041,640 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			68,963		44,282

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		68,963		44,282

			68,963		44,282

			68,963		44,282

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			68,963		44,282

			68,963		44,282

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Adaero LLP

Balance Sheet (continued)

As At 31 March 2025

For the 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 applicable to LLPs subject to the small LLPs regime.)

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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Tsen Wharton

Designated Member

11 November 2025

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

1. General Information

Adaero LLP is a limited liability partnership, incorporated in Scotland, registered number SO306020 . The Registered Office is Bankhead House, East Linton, East Lothian, EH40 3DX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

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

2.2. Turnover

Rental income is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Rental income includes revenue earned from the sale of goods and from the rendering of services. Rental income is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

over 5 years

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.6. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.7. Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2.9. Division of Profits

Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account

2.10. Members' capital

Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

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Adaero LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery
	£
Cost or Valuation
As at 1 April 2024	39,425

As at 31 March 2025	39,425

Depreciation
As at 1 April 2024	33,639
Provided during the period	5,786

As at 31 March 2025	39,425

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	5,786

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	1,526,152
Revaluations	40,985

As at 31 March 2025	1,567,137

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	1,526,152	1,526,152
Accumulated depreciation and impairment	65,026	34,503

Carrying amount	1,461,126	1,491,649

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,859	4,964
Other debtors	8,085	2,866

	11,944	7,830

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	566	750
Other creditors	481,297	468,895

	481,863	469,645

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Adaero LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,041,892	1,041,640

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