REGISTERED NUMBER: OC435586 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5 April 2025

for

A3 Homes LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Miss Samina Afzal

Mr Shakil Afzal

Mr Shahzad Afzal

REGISTERED OFFICE:

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

REGISTERED NUMBER:

OC435586 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Tangible assets

4

7,543

12,750

Investment property

5

2,085,450

1,773,659

2,092,993

1,786,409

CURRENT ASSETS

Debtors

6

2,977

2,368

Cash at bank

21,165

436,197

24,142

438,565

CREDITORS

Amounts falling due within one year

7

(39,704

)

(26,407

)

NET CURRENT (LIABILITIES)/ASSETS

(15,562

)

412,158

TOTAL ASSETS LESS CURRENT LIABILITIES

2,077,431

2,198,567

CREDITORS

Amounts falling due after more than one year

8

(568,689

)

(597,978

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,508,742

1,600,589

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

1,508,742

1,600,589

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

1,508,742

1,600,589

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 5 April 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 & Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 1 December 2025 and were signed by:

Mr Shakil Afzal - Designated member

1.	STATUTORY INFORMATION

A3 Homes 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

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

Income recognition

Income relating to the rent due on the investment properties is recognised on the accruals basis

Tangible fixed assets

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

Motor Vehicles - 20% on cost

Investment property

Investment property is included at fair value. Gains are recognised in the Profit and Loss Account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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

Motor

vehicles

£

COST

At 6 April 2024

22,500

Additions

8,082

Disposals

(22,500

)

At 5 April 2025

8,082

DEPRECIATION

At 6 April 2024

9,750

Charge for year

3,539

Eliminated on disposal

(12,750

)

At 5 April 2025

539

NET BOOK VALUE

At 5 April 2025

7,543

At 5 April 2024

12,750

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

1,773,659

Additions

311,791

At 5 April 2025

2,085,450

NET BOOK VALUE

At 5 April 2025

2,085,450

At 5 April 2024

1,773,659

The members have reviewed the valuation of investment properties and consider that the carrying value is reflective of the current market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

2,977

2,368

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

37,079

23,906

Accrued expenses

2,625

2,501

39,704

26,407

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

74,157

47,856

Bank loans - 2-5 years

494,532

550,122

568,689

597,978

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

605,723

605,768

The above element of the bank loan debt is secured by a fixed charge on one of the investment properties.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

1,508,742

1,600,589

Falling due within one year

1,508,742

1,600,589