Company No: OC440349 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	796		0
Investment property	4	2,900,000		2,900,000
		2,900,796		2,900,000
Current assets
Debtors	5	11,364		5,520
Cash at bank and in hand		9,665		13,109
		21,029		18,629
Creditors: amounts falling due within one year	6	( 18,704)		( 16,056)
Net current assets		2,325		2,573
Total assets less current liabilities		2,903,121		2,902,573
Creditors: amounts falling due after more than one year	7	( 236,526)		( 241,775)
Net assets attributable to members		2,666,595		2,660,798
Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability		2,070,750		2,181,500
Other amounts		265,441		148,894
		2,336,191		2,330,394
Members' other interests
Revaluation reserve		330,404		330,404
		330,404		330,404
		2,666,595		2,660,798
Total members' interests
Loans and other debts due to members		2,336,191		2,330,394
Members' other interests		330,404		330,404
		2,666,595		2,660,798

For the financial year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Polhendra Investments LLP (registered number: OC440349) were approved and authorised for issue by the Board of Directors on 16 December 2025. They were signed on its behalf by:

R D G Beaman Designated member

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Polhendra Investments LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the LLP and rounded to the nearest £.

Turnover

Turnover represents rents receivable from the letting of investment property and is recognised in accordance with the terms of the underlying leases.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Members' remuneration and division of profits

Profits are automatically allocated to members. They are therefore shown as "members remuneration charged as an expense" in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are included within "loans and other debts due to members" in the Balance Sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the LLP becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the LLP intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	0		0

3. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 April 2024	0		0
Additions	809		809
At 31 March 2025	809		809
Accumulated depreciation
At 01 April 2024	0		0
Charge for the financial year	13		13
At 31 March 2025	13		13
Net book value
At 31 March 2025	796		796
At 31 March 2024	0		0

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	2,900,000
As at 31 March 2025	2,900,000

Investment property is included at the partners' estimate of fair value. There has been no valuation of investment property by an independent valuer.

5. Debtors

	2025		2024
	£		£
Trade debtors	1,871		0
Other debtors	9,493		5,520
	11,364		5,520

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other creditors	18,704		16,056

Creditors: amounts falling due within one year includes a loan of £5,249 (2024 £4,945), on which security has been given by the limited liability partnership.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	236,526		241,775

Creditors: amounts falling due after more than one year includes a loan of £236,526 (2024 £241,775), on which security has been given by the limited liability partnership.