REGISTERED NUMBER: SO307975 (Scotland)

Unaudited Financial Statements

for the Period 4 April 2024 to 30 April 2025

for

OLDTOWN PARTNERS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

L V Pratt

J Mckay

J L Smart

REGISTERED OFFICE:

Oldtown Farm

Peterculter

United Kingdom

AB14 0LN

REGISTERED NUMBER:

SO307975 (Scotland)

FIXED ASSETS

Investment property

4

1,370,000

CURRENT ASSETS

Debtors

5

18,966

Cash at bank

28,212

47,178

CREDITORS

Amounts falling due within one year

6

67,480

NET CURRENT LIABILITIES

(20,302

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,349,698

CREDITORS

Amounts falling due after more than one year

7

938,983

NET ASSETS ATTRIBUTABLE TO MEMBERS

410,715

LOANS AND OTHER DEBTS DUE TO MEMBERS

410,615

MEMBERS' OTHER INTERESTS

Capital accounts

100

410,715

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

410,615

Members' other interests

100

Amounts due from members

5

(14,257

)

396,458

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 period ended 30 April 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 24 November 2025 and were signed by:

L V Pratt - Designated member

1.	STATUTORY INFORMATION

Oldtown Partners LLP is registered in Scotland. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,370,000

At 30 April 2025

1,370,000

NET BOOK VALUE

At 30 April 2025

1,370,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

1,085

Amounts owed by participating interests

1,500

Other debtors

16,381

18,966

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

40,678

Trade creditors

340

Amounts owed to participating interests

20,000

Taxation and social security

962

Other creditors

5,500

67,480

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

938,983

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the partners.