| Albury Property LLP |
| Registered number: |
OC360994 |
| Balance Sheet |
| as at 31 March 2025 |
| Notes |
|
2025 |
|
2024 |
| Restated |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
300,000 |
|
325,606 |
| Current assets |
|
|
|
|
|
| Debtors |
4 |
|
- |
|
1,747 |
| Cash at bank and in hand |
|
|
465 |
|
631 |
|
|
|
465 |
|
2,378 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,201) |
|
(1,200) |
|
| Net current (liabilities)/assets |
|
|
(736) |
|
1,178 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
299,264 |
|
326,784 |
|
|
|
| Net assets attributable to members |
299,264 |
|
326,784 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
6 |
|
(1,914) |
|
(28,620) |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
326,784 |
|
327,254 |
| Revaluation reserve |
|
|
(25,606) |
|
- |
| Other reserves |
|
|
- |
|
28,150 |
|
|
|
301,178 |
|
355,404 |
|
|
|
|
|
|
|
|
|
299,264 |
|
326,784 |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
6 |
|
(1,914) |
|
(28,620) |
| Members' other interests |
|
|
301,178 |
|
355,404 |
|
|
|
|
299,264 |
|
326,784 |
|
|
|
|
|
|
| For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 17 December 2025 and signed on their behalf by: |
|
|
| Sara Kennard |
| Designated member |
|
| Albury Property LLP |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
| 1 |
Accounting policies |
|
|
Investment income |
|
Rental income arising from investment properties is recognised on a straight line basis over the lease term. Rental income is presented within investment income in the profit and loss account. |
|
|
Division of profits |
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Fixed asset investments |
|
| Other |
| investments |
| Restated |
| £ |
|
Cost |
|
At 1 April 2024 |
325,606 |
|
Revaluation |
(25,606) |
|
|
At 31 March 2025 |
300,000 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
- |
|
1,747 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
1,201 |
|
1,200 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans and other debts due to members |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts due to members in respect of profits |
(1,914) |
|
(28,620) |
|
|
|
|
|
|
|
|
|
|
Amounts falling due after more than one year |
(1,914) |
|
(28,620) |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 7 |
Other information |
|
|
Albury Property LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
Old Bank Building |
|
East Street |
|
Ilminster |
|
TA19 0AJ |