Company No: OC417454 (England and Wales)

Contents

• Limited Liability Partnership Information
• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

DESIGNATED MEMBERS	Mr R Breslin
	Mr S C Carver
	Ms S Hamdan
	Mr P R Henry
	Mr C Lee
	Mr J Radecic
	Mr N Reynolds
	Mr P Rigby
	Mr E Santee
	Mr R K Sheard
	Mr J Spear
	Mr M Trice
	Mr B Vickery
	Mr T C Voth

REGISTERED OFFICE	14 Blades Court
	Deodar Road
	London
	SW15 2NU
	United Kingdom

REGISTERED NUMBER

OC417454 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	264 Banbury Road
	Oxford
	OX2 7DY
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	4,100,000		4,100,000
		4,100,000		4,100,000
Current assets
Debtors	4	25,121		989
Cash at bank and in hand		147,959		127,889
		173,080		128,878
Creditors: amounts falling due within one year	5	( 153,088)		( 4,200,815)
Net current assets/(liabilities)		19,992		(4,071,937)
Total assets less current liabilities		4,119,992		28,063
Creditors: amounts falling due after more than one year	6	( 3,978,892)		0
Net assets attributable to members		141,100		28,063
Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability		1,850,000		1,850,000
Other amounts		892,175		779,138
		2,742,175		2,629,138
Members' other interests
Other reserves		(2,601,075)		(2,601,075)
		(2,601,075)		(2,601,075)
		141,100		28,063
Total members' interests
Loans and other debts due to members		2,742,175		2,629,138
Members' other interests		(2,601,075)		(2,601,075)
		141,100		28,063

For the financial 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.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Riverbird LLP (registered number: OC417454) were approved and authorised for issue by the Board of Directors on 10 December 2025. They were signed on its behalf by:

Mr N Reynolds Designated member

	EQUITY Members' other interests	DEBT Loans and other debts due to members less any amounts due from members in debtors			Total members' interests
	Other reserves	Members' capital (classified as debt)	Other amounts	Total	Total
	£	£	£	£	£
Amounts due to members		1,850,000	667,331	2,517,331
Balance at 01 April 2023	(2,601,075)	1,850,000	667,331	2,517,331	(83,744)
Members' remuneration charged as an expense, including employment and retirement benefit costs	0	0	120,482	120,482	120,482
Members' interest after result for the financial year	(2,601,075)	1,850,000	787,813	2,637,813	36,738
Drawings	0	0	(8,675)	(8,675)	(8,675)
Amounts due to members		1,850,000	779,138	2,629,138
Balance at 31 March 2024	(2,601,075)	1,850,000	779,138	2,629,138	28,063
Members' remuneration charged as an expense, including employment and retirement benefit costs	0	0	120,184	120,184	120,184
Members' interest after result for the financial year	(2,601,075)	1,850,000	899,322	2,749,322	148,247
Drawings	0	0	(7,147)	(7,147)	(7,147)
Amounts due to members		1,850,000	892,175	2,742,175
Balance at 31 March 2025	(2,601,075)	1,850,000	892,175	2,742,175	141,100

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Riverbird LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 14 Blades Court, Deodar Road, London, SW15 2NU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the members have a reasonable expectation that the limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. The members have reviewed cashflow forecasts and determined that the limited liability partnership has, sufficient working capital for its need for at least the next 12 months from the date of approval of these financial statements. In view of this, the members consider it appropriate to prepare the financial statements on the going concern basis.

Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding Value Added Tax, under contractual obligations which are performed gradually over time.

Rental income from assets leased under operating leases is recognised on a straight-line basis over the term of the lease. Rent free periods or other incentives given to the lessee are accounted for as a reduction to the rental income and recognised on a straight-line basis over the lease term.

Members' participating interests

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. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

The members' agreement includes separate clauses for the treatment of profits and losses in each year.

Profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment and the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense and presented as members remuneration charged as an expense in arriving at the result for the relevant year. Profits can only be drawn by the members' following a Super Majority Decision of the LLP. To the extent that they remain unpaid at the period end, they are shown as liabilities. On retirement the members capital and current accounts become payable so any in ability to withdraw profits is only temporary.

Losses are only allocated to members following a Special Majority Decision and do not have to be made good through future profits unless a Super Majority Decision has been made to allocate losses to members. The losses remain in equity unless a Super Majority Decision is taken to divide them or until the LLP is wound up.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the limited liability partnership transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the limited liability partnership, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including other creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the limited liability partnership's contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	0		0

The LLP had no employees in the current or prior period, excluding members.

3. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	4,100,000
As at 31 March 2025	4,100,000

Investment property comprises freehold office buildings. The fair value of the LLP's investment property at 31 March 2025 has been arrived at on the basis of a valuation carried out at that date by the designated members. The valuation was arrived at by reference to market evidence of transaction prices for similar properties.

4. Debtors

	2025		2024
	£		£
VAT recoverable	25,121		989

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	132,823		4,181,565
Accruals and deferred income	20,265		19,250
	153,088		4,200,815

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	3,978,892		0

The long-term loans are secured by a fixed and floating charge over all assets of the LLP.

7. Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.