REGISTERED NUMBER: OC346818 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FITZPATRICK LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs S Fitzpatrick

K R Fitzpatrick

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

OC346818 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Investments

3

-

679,330

Investment property

4

870,000

650,000

870,000

1,329,330

CREDITORS

Amounts falling due within one year

5

1,799

1,200

NET CURRENT LIABILITIES

(1,799

)

(1,200

)

TOTAL ASSETS LESS CURRENT LIABILITIES

868,201

1,328,130

CREDITORS

Amounts falling due after more than one year

6

415,251

415,251

NET ASSETS ATTRIBUTABLE TO MEMBERS

452,950

912,879

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

232,950

912,879

MEMBERS' OTHER INTERESTS

Fair value reserve

9

220,000

-

452,950

912,879

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

232,950

912,879

Members' other interests

220,000

-

452,950

912,879

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 December 2025 and were signed by:

K R Fitzpatrick - Designated member

1.	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.

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.

2.	EMPLOYEE INFORMATION

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

3.	FIXED ASSET INVESTMENTS

Unlisted

investment

£

COST

At 1 April 2024

679,330

Additions

15,635

Disposals

(694,965

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

679,330

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

650,000

Revaluations

220,000

At 31 March 2025

870,000

NET BOOK VALUE

At 31 March 2025

870,000

At 31 March 2024

650,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

220,000

Cost

650,000

870,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,031

-

Other creditors

768

1,200

1,799

1,200

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 7)

415,251

415,251

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

415,251

415,251

7.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

415,251

415,251

8.

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.

9.

RESERVES

Fair

value

reserve

£

Transfer between reserves

220,000

At 31 March 2025

220,000