REGISTERED NUMBER: OC425849 (England and Wales)

Unaudited Cessation Financial Statements

for the Year Ended 31 March 2025

for

Blue Properties (London) LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

-

675

Investment property

5

-

9,700,000

-

9,700,675

CURRENT ASSETS

Debtors

6

419,253

31,533

Cash at bank

-

20,390

419,253

51,923

CREDITORS

Amounts falling due within one year

7

(419,253

)

(484,737

)

NET CURRENT LIABILITIES

-

(432,814

)

TOTAL ASSETS LESS CURRENT LIABILITIES

-

9,267,861

CREDITORS

Amounts falling due after more than one year

8

-

(1,948,569

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

7,319,292

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

-

4,567,081

MEMBERS' OTHER INTERESTS

Fair value reserve

11

-

2,752,211

-

7,319,292

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

-

4,567,081

Members' other interests

-

2,752,211

Amounts due from members

6

(419,253

)

-

(419,253

)

7,319,292

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 Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 2 December 2025 and were signed by:

M K King - Designated member

1.	STATUTORY INFORMATION

Blue Properties (London) LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC425849

Registered office:

Treviot House

186-192 High Road

Ilford

Essex

IG1 1LR

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

Turnover

Turnover represents rent received during the period.

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 cost

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

1,350

Disposals

(1,350

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

675

Charge for year

197

Eliminated on disposal

(872

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

675

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

9,700,000

Disposals

(9,700,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

9,700,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

18,514

Other debtors

419,253

13,019

419,253

31,533

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

10,000

Trade creditors

14,616

-

Amounts owed to related party

389,721

371,874

Taxation and social security

11,534

11,471

Other creditors

3,382

91,392

419,253

484,737

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

14,167

Other creditors

-

1,934,402

-

1,948,569

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

-

1,934,402

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Loans

-

1,974,402

The loans are secured over the investment properties held by the LLP.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

-

4,567,081

Falling due within one year

-

4,567,081

In the event of a winding up, members' capital, loans and other debts due to members and members' other interests rank pari-passu with unsecured creditors.

11.

RESERVES

Fair

value

reserve

£

At 1 April 2024

2,752,211

Transfer

(2,752,211

)

At 31 March 2025

-