REGISTERED NUMBER: OC393169 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

LH & AA Properties LLP

Trading as

Martin & Co (Tamworth)

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DESIGNATED MEMBERS:

L A Hemmings

Mrs S Hemmings

REGISTERED OFFICE:

Martin & Co Tamworth

53 Lower Gungate

Tamworth

Staffordshire

B79 7AS

REGISTERED NUMBER:

OC393169 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Intangible assets

4

103,250

-

Property, plant and equipment

5

11,541

20,482

114,791

20,482

CURRENT ASSETS

Debtors

6

17,250

84,677

Cash at bank and in hand

8,916

4,931

26,166

89,608

CREDITORS

Amounts falling due within one year

7

(46,102

)

(34,532

)

NET CURRENT (LIABILITIES)/ASSETS

(19,936

)

55,076

TOTAL ASSETS LESS CURRENT LIABILITIES

94,855

75,558

CREDITORS

Amounts falling due after more than one year

8

(28,869

)

(29,259

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

65,986

46,299

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

34,910

-

MEMBERS' OTHER INTERESTS

Capital accounts

31,076

46,299

65,986

46,299

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

34,910

-

Members' other interests

31,076

46,299

Amounts due from members

6

-

(52,462

)

65,986

(6,163

)

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 Profit and loss has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 9 December 2025 and were signed by:

L A Hemmings - Designated member

1.	STATUTORY INFORMATION

LH & AA Properties 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of seven years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

135,500

Additions

105,000

At 31 March 2025

240,500

AMORTISATION

At 1 April 2024

135,500

Charge for year

1,750

At 31 March 2025

137,250

NET BOOK VALUE

At 31 March 2025

103,250

At 31 March 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2024

47,136

Additions

13,417

Disposals

(41,615

)

At 31 March 2025

18,938

DEPRECIATION

At 1 April 2024

26,654

Charge for year

4,863

Eliminated on disposal

(24,120

)

At 31 March 2025

7,397

NET BOOK VALUE

At 31 March 2025

11,541

At 31 March 2024

20,482

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

41,615

Disposals

(41,615

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

21,133

Charge for year

2,987

Eliminated on disposal

(24,120

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

20,482

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

17,250

84,677

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,361

10,211

Hire purchase contracts (see note 9)

-

7,584

Trade creditors

4,255

2,853

Taxation and social security

10,474

9,613

Other creditors

21,012

4,271

46,102

34,532

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,369

11,757

Hire purchase contracts (see note 9)

-

17,502

Other creditors

27,500

-

28,869

29,259

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

-

7,584

Between one and five years

-

17,502

-

25,086

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

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 order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of LH & AA Properties LLP for the year ended 31 March 2025 which comprise the Profit and loss, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of LH & AA Properties LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LH & AA Properties LLP and state those matters that we have agreed to state to the members of LH & AA Properties LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LH & AA Properties LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that LH & AA Properties LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of LH & AA Properties LLP. You consider that LH & AA Properties LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of LH & AA Properties LLP. For this reason, 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 statutory financial statements.

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

9 December 2025