Frank Ladkin LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC320078

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,720,000		2,720,000

			2,720,000		2,720,000
CURRENT ASSETS
Debtors	5	396,669		392,605
Cash at bank and in hand		33,972		43,480

		430,641		436,085
Creditors: Amounts Falling Due Within One Year	6	(189,022 )		(189,363 )

NET CURRENT ASSETS (LIABILITIES)			241,619		246,722

TOTAL ASSETS LESS CURRENT LIABILITIES			2,961,619		2,966,722

NET ASSETS ATTRIBUTABLE TO MEMBERS			2,961,619		2,966,722

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		99,790		30,000
Other amounts		2,747,485		2,866,932

			2,847,275		2,896,932

Equity
Members' other interests
Members' capital		(10,000)		-
Other reserves		124,344		69,790

			114,344		69,790

			2,961,619		2,966,722

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			2,847,275		2,896,932
Members' other interests			114,344		69,790

			2,961,619		2,966,722

Page 1

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Frank Ladkin 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

Mr F C Ladkin

Designated Member

16th December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Frank Ladkin LLP is a limited liability partnership, incorporated in England & Wales, registered number OC320078 . The Registered Office is Saxon House, 27 Duke Street, Chelmsford, Essex, CM1 1HT.

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

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

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Freehold

Not depreciated

3. Average Number of Employees

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

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 April 2024	2,720,000

As at 31 March 2025	2,720,000

Net Book Value
As at 31 March 2025	2,720,000

As at 1 April 2024	2,720,000

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	6,866	1,867
Other debtors	389,803	390,738

	396,669	392,605

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Frank Ladkin LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	531
Other creditors	189,022	188,832

	189,022	189,363

7. Related Party Transactions

At the year end the LLP was owed £389,037 (£2024: £389,796) by connected parties to the members.

At the year end the LLP owed £187,158 (2024: £186,983) to connected parties to the members.

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