Strata Campus LLP

(Registration number: OC376785)
Balance Sheet as at 5 April 2025

For the year ending 5 April 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Strata Campus LLP (registered number OC376785) were approved by the Board and authorised for issue on 12 December 2025. They were signed on behalf of the limited liability partnership by:

......................................... Mrs M F Johnson Designated member

Strata Campus LLP

Notes to the Financial Statements for the Year Ended 5 April 2025

1	Accounting policies

Statement of compliance

These financial statements are prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' , and the requirements of the Statement of Recomended Practice 'Accounting by Limited Liability Partnerships' issued in January 2019 (SORP 2019).

General information and basis of accounting

The limited liability partnership is incorporated in England under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These financial statements have been prepared using the historical cost convention as modified by the revaluation of investment properties measured at fair value through the profit and loss.

The functional currency of Strata Campus LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates.

Going concern

The accounts are prepared on the basis that the LLP is a going concern. In making this assessment, the designated members have considered the impact the current economic conditions might have on the business, in particular on the ability of the LLP to collect rents as they fall due, and any potential impairment of the investment property. The designated members have not identified any concerns to suggest that the LLP does not remain a going concern.

Revenue recognition

The turnover included in the profit and loss account represents rental income earned during the period.

Strata Campus LLP

Notes to the Financial Statements for the Year Ended 5 April 2025

Members' Participation Rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights 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 FRS 102, '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 participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Investment properties

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the designated mebers. The desiinated members use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

A financial asset or a financail liability is recognised only when the LLP becomes a party to the contractual provisions of the instrument.

2	Particulars of members

The average number of members in the limited liability partnership during the year was 3 (2024 - 3).

Strata Campus LLP

Notes to the Financial Statements for the Year Ended 5 April 2025

3	Investment property

	2025  £
At 6 April 2024	6,034,909
At 5 April 2025	6,034,909

The members are satisfied that there has been no change in the open market valuation of the investment properties.

4

Debtors

	2025 £	2024 £
Trade debtors	12,880	12,880
Total current trade and other debtors	12,880	12,880

5	Creditors: Amounts falling due within one year

	2025 £	2024 £
Other creditors	1,500	1,500
Accruals and deferred income	158,833	158,609
Taxation and social security	34,994	33,975
	195,327	194,084