REGISTERED NUMBER: OC400066 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ALITWELL LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Reconciliation of Members' Interests

6

Notes to the Financial Statements

8

DESIGNATED MEMBERS:

Mr T H Bedwell

Mrs C F Bedwell

Ms S Schalit

REGISTERED OFFICE:

Unit 4

Grovelands

Boundary way

Hemel Hempstead

Hertfordshire

HP2 7TE

REGISTERED NUMBER:

OC400066 (England and Wales)

ACCOUNTANTS:

Kings Chartered Accountants

4 Grovelands

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7TE

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of rental of a freehold public house.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr T H Bedwell

Mrs C F Bedwell

Ms S Schalit

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £15,760 (2024 - £1,365 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr T H Bedwell - Designated member

16 December 2025

TURNOVER

22,807

4,843

Administrative expenses

7,048

6,208

OPERATING PROFIT/(LOSS)

4

15,759

(1,365

)

Interest receivable and similar income

1

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

15,760

(1,365

)

FIXED ASSETS

Tangible assets

5

617,758

617,352

CURRENT ASSETS

Debtors

6

15,752

3,139

Cash at bank

23

22

15,775

3,161

CREDITORS

Amounts falling due within one year

7

4,243

250

NET CURRENT ASSETS

11,532

2,911

TOTAL ASSETS LESS CURRENT LIABILITIES

629,290

620,263

CREDITORS

Amounts falling due after more than one year

8

5,000

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

624,290

620,263

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

624,290

620,263

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

624,290

620,263

Amounts due from members

6

(12,579

)

(3,047

)

611,711

617,216

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 16 December 2025 and were signed by:

Mr T H Bedwell - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

620,263

Amount due from members

(3,047

)

Balance at 1 April 2024

-

617,216

617,216

Profit for the financial year available for discretionary division among members

15,760

-

15,760

Members' interests after profit for the year

15,760

617,216

632,976

Other divisions of profit

(15,760

)

15,760

-

Introduced by members

-

2,420

2,420

Drawings on account and distributions of profit

-

(23,685

)

(23,685

)

Amount due to members

624,290

Amount due from members

(12,579

)

Balance at 31 March 2025

-

611,711

611,711

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

620,877

Amount due from members

(776

)

Balance at 1 April 2023

-

620,101

620,101

Loss for the financial year available for discretionary division among members

(1,365

)

-

(1,365

)

Members' interests after loss for the year

(1,365

)

620,101

618,736

Other divisions of loss

1,365

(1,365

)

-

Drawings on account and distributions of profit

-

(1,520

)

(1,520

)

Amount due to members

620,263

Amount due from members

(3,047

)

Balance at 31 March 2024

-

617,216

617,216

1.	STATUTORY INFORMATION

Alitwell 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

Turnover is measured at the fair value of the consideration received or receivable and represents

amounts receivable for the letting of property, stated net of discounts and 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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2024 - 3 ) .

4.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

94

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

617,352

-

617,352

Additions

-

500

500

At 31 March 2025

617,352

500

617,852

DEPRECIATION

Charge for year

-

94

94

At 31 March 2025

-

94

94

NET BOOK VALUE

At 31 March 2025

617,352

406

617,758

At 31 March 2024

617,352

-

617,352

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

3,173

-

Amounts due from members

12,579

3,047

VAT

-

92

15,752

3,139

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

VAT

994

-

Accruals and deferred income

3,249

250

4,243

250

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

5,000

-

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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