3-5 Devonshire Road LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC358880 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

3-5 DEVONSHIRE ROAD LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DESIGNATED MEMBERS:

P A Hanlon

D Hanlon

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

OC358880 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Investment property

4

2,680,000

CURRENT ASSETS

Cash at bank

94

-

CREDITORS

Amounts falling due within one year

5

13,361

13,678

NET CURRENT LIABILITIES

(13,267

)

(13,678

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,666,733

2,666,322

CREDITORS

Amounts falling due after more than one
year

6

1,383,203

1,388,309

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,283,530

1,278,013

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

53,530

48,013

MEMBERS' OTHER INTERESTS

Revaluation reserve

9

1,230,000

1,283,530

1,278,013

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

53,530

48,013

Members' other interests

1,230,000

1,283,530

1,278,013

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 16 December 2025 and were signed by:

D Hanlon - Designated member

P A Hanlon - Designated member

1.	STATUTORY INFORMATION

3-5 Devonshire Road 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.

Turnover

Turnover represents gross rents received.

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 year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,680,000

NET BOOK VALUE

At 31 March 2025

2,680,000

At 31 March 2024

2,680,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2015

950,000

Valuation in 2022

200,000

Valuation in 2023

80,000

Cost

1,450,000

2,680,000

The investment property was valued at £2.68 million on 31 March 2023.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

5,918

Trade creditors

4,765

5,210

Other creditors

2,678

2,550

13,361

13,678

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans

1,383,203

1,388,309

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,973

7,890

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Shawbrook bank

1,357,559

1,356,748

Shawbrook Bank Limited has a fixed and floating charge over the freehold properties, 3, 4 & 5 Devonshire Road owned by the LLP.

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Unsecured debt due to members will rank equally with debts due to other unsecured creditors in the event of the LLP winding up.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

1,230,000

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement we have prepared for your approval the attached financial statements from the business accounting records and from information and explanations you have given to us.

The financial statements have been compiled using the going concern and historical cost basis. It is not intended to achieve full compliance with the provisions of UK Generally Accepted Accounting Principles.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information and state those matters that we have agreed to state to you in this report in accordance with the guidance of ICAEW as detailed at icaew.com/compilation and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the person to whom this report is addressed for our work or for this report.

You have approved the financial statements for the period described above, and have acknowledged your responsibility for them, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for their compilation.

We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

16 December 2025