REGISTERED NUMBER: OC356194 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Bedlars Holdings (UK) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M J Ringer

Bedlars Holdings Limited

Mrs M Armitage

REGISTERED OFFICE:

West Lodge

South Park Grove Road

Penshurst

Tonbridge

Kent

TN11 8DU

REGISTERED NUMBER:

OC356194 (England and Wales)

ACCOUNTANTS:

APT

44 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

FIXED ASSETS

Tangible assets

4

51,266

36,004

Investments

5

571,427

706,951

Investment property

6

3,529,410

2,259,410

4,152,103

3,002,365

CURRENT ASSETS

Stocks

-

1,342,600

Debtors

7

213,968

162,139

Cash at bank and in hand

29,692

40,600

243,660

1,545,339

CREDITORS

Amounts falling due within one year

8

149,677

121,377

NET CURRENT ASSETS

93,983

1,423,962

TOTAL ASSETS LESS CURRENT LIABILITIES

4,246,086

4,426,327

CREDITORS

Amounts falling due after more than one year

9

719,000

941,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,527,086

3,485,327

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

2,984,813

2,943,054

Revaluation reserve

11

542,273

542,273

3,527,086

3,485,327

TOTAL MEMBERS' INTERESTS

Members' other interests

3,527,086

3,485,327

Amounts due from members

7

(58,379

)

-

3,468,707

3,485,327

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 year ended 31 March 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 15 December 2025 and were signed by:

M J Ringer - Designated member

1.	STATUTORY INFORMATION

Bedlars Holdings (UK) LLP is registered in England and Wales. 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 as modified by the revaluation of certain assets.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern

After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover represents rents and recharges invoiced net of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Investments

Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss.

Impairment of assets

Fixed assets are reviewed at each reporting date to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors and creditors receivable/payable in one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

131,050

Additions

43,416

At 31 March 2025

174,466

DEPRECIATION

At 1 April 2024

95,046

Charge for year

28,154

At 31 March 2025

123,200

NET BOOK VALUE

At 31 March 2025

51,266

At 31 March 2024

36,004

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.3.24

£

£

Brought forward

706,951

704,899

Net movements

(135,524

)

2,052

571,427

706,951

Fixed Asset Investments represents the LLP's capital account balance in a Limited Liability Partnership.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,259,410

Additions

138,571

Revaluations

1,131,429

At 31 March 2025

3,529,410

NET BOOK VALUE

At 31 March 2025

3,529,410

At 31 March 2024

2,259,410

Fair value at 31 March 2025 is represented by:

£

Valuation in 2013

544,273

Valuation in 2023

600,000

Valuation in 2025

1,131,429

Cost

1,253,708

3,529,410

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

6,646

25,761

Other debtors

207,322

136,378

213,968

162,139

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

819

3,711

Taxation and social security

20,502

10,885

Other creditors

128,356

106,781

149,677

121,377

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

719,000

941,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

719,000

941,000

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

542,273

12.	RELATED PARTY DISCLOSURES

As at 31 March 2025 £148,042 (2024: £135,508) was owed from entities controlled by key management personnel.