REGISTERED NUMBER: OC333574 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Period 1 January 2024 to 31 March 2025

for

Pursenal LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mr Howard Winston

Mrs Alexandra Lisa Winston

REGISTERED OFFICE:

9-11 High Beech Road

Loughton

Essex

IG10 4BN

REGISTERED NUMBER:

OC333574 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

& Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

The members present their report with the financial statements of the LLP for the period 1 January 2024 to 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the period under review was that of property development, specialising in properties that would generate substantial rental income and general property management.

DESIGNATED MEMBERS

The designated members during the period under review were:

Mr Howard Winston

Mrs Alexandra Lisa Winston

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS

The profit for the period before members' remuneration and profit shares was £91,534 (2023 - £8,937 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr Howard Winston - Designated member

29 September 2025

TURNOVER

52,061

24,712

Administrative expenses

66,820

(14,896

)

OPERATING PROFIT

4

118,881

9,816

Interest payable and similar expenses

(27,347

)

(18,753

)

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

91,534

(8,937

)

FIXED ASSETS

Tangible assets

6

120

160

Investment property

7

798,588

708,588

798,708

708,748

CURRENT ASSETS

Debtors

8

881

881

Cash at bank

1,991

5,417

2,872

6,298

CREDITORS

Amounts falling due within one year

9

-

(5,000

)

NET CURRENT ASSETS

2,872

1,298

TOTAL ASSETS LESS CURRENT LIABILITIES

801,580

710,046

CREDITORS

Amounts falling due after more than one year

10

(250,000

)

(245,000

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

551,580

465,046

LOANS AND OTHER DEBTS DUE TO MEMBERS

524,446

437,912

MEMBERS' OTHER INTERESTS

Capital accounts

27,134

27,134

551,580

465,046

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

524,446

437,912

Members' other interests

27,134

27,134

551,580

465,046

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 period 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 29 September 2025 and were signed by:

Mr Howard Winston - Designated member

1.	STATUTORY INFORMATION

Pursenal 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 as modified by the revaluation of certain assets.

Turnover

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

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 reducing balance to improvements

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 period was 1 (2023 - 1 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1/1/24

to

Year Ended

31/3/25

31/12/23

£

£

Depreciation - owned assets

40

54

5.	EXCEPTIONAL ITEMS

Period

1/1/24

to

Year Ended

31/3/25

31/12/23

£

£

Revaluation

90,000

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 March 2025

6,966

DEPRECIATION

At 1 January 2024

6,806

Charge for period

40

At 31 March 2025

6,846

NET BOOK VALUE

At 31 March 2025

120

At 31 December 2023

160

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

708,588

Revaluations

90,000

At 31 March 2025

798,588

NET BOOK VALUE

At 31 March 2025

798,588

At 31 December 2023

708,588

Fair value at 31 March 2025 is represented by:

£

Valuation in 2020

549,829

Valuation in 2025

90,000

Cost

158,759

798,588

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Prepayments

881

881

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Bank loans and overdrafts

-

5,000

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.12.23

£

£

Bank loans - 2-5 years

250,000

245,000