Princesses And Pirates Property LLP

REGISTERED NUMBER: OC363102 (England and Wales)

Report of the Members and

Financial Statements for the Year Ended 31 March 2025

for

Page

General Information

1

Report of the Members

2

Income Statement

3

Statement of Financial Position

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Ms J N De Lima

Mr B S Halpin

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

OC363102 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of rental services.

DESIGNATED MEMBERS

The designated members during the year under review were:

Ms J N De Lima

Mr B S Halpin

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £14,913 (2024 - £19,394 profit).

MEMBERS' INTERESTS

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

New members are required to subscribe to a minimum level of capital and in subsequent years, members are invited to subscribe for further capital, the amounts of which are determined by the performance and seniority of those members.

On retirement, capital is repaid to members.

ON BEHALF OF THE MEMBERS:

Mr B S Halpin - Designated member

23 December 2025

TURNOVER

57,263

59,169

Cost of sales

31,917

21,370

GROSS PROFIT

25,346

37,799

Administrative expenses

10,796

18,656

OPERATING PROFIT

14,550

19,143

Interest receivable and similar income

363

251

PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS

14,913

19,394

FIXED ASSETS

Investment property

4

1,282,911

1,268,750

CURRENT ASSETS

Debtors

5

4,192

137

Cash at bank

27,220

30,623

31,412

30,760

CREDITORS

Amounts falling due within one year

6

54,645

NET CURRENT LIABILITIES

(23,233

)

(23,885

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,259,678

1,244,865

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

1,259,678

1,244,865

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,259,678

1,244,865

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 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 23 December 2025 and were signed by:

Mr B S Halpin - Designated member

1.	STATUTORY INFORMATION

Princesses And Pirates Property 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.

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 year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,268,750

Additions

14,161

At 31 March 2025

1,282,911

NET BOOK VALUE

At 31 March 2025

1,282,911

At 31 March 2024

1,268,750

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

1,268,750

Valuation in 2025

14,161

1,282,911

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

4,192

137

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed to group undertakings

39,645

Other creditors

15,000

54,645

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members have no preferential rank in relation to other creditors.

8.	RELATED PARTY DISCLOSURES

The designated members Mr B Halpin and Ms J N De Lima are considered to be key management personnel.