REGISTERED NUMBER: OC411367 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5 April 2025

for

Planos Villa LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M J Chester

Mrs N J Utley

B J Utley

Mrs K A Chester

REGISTERED OFFICE:

Legacy House

407 Preston Road

Clayton Le Woods

Chorley

Lancs

PR6 7JA

REGISTERED NUMBER:

OC411367 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Investment property

4

344,511

344,511

CREDITORS

Amounts falling due within one year

5

13,862

13,737

NET CURRENT LIABILITIES

(13,862

)

(13,737

)

TOTAL ASSETS LESS CURRENT LIABILITIES

330,649

330,774

CREDITORS

Amounts falling due after more than one year

6

70,223

80,924

NET ASSETS ATTRIBUTABLE TO MEMBERS

260,426

249,850

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

260,426

249,850

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

260,426

249,850

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 5 April 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 22 December 2025 and were signed by:

M J Chester - Designated member

B J Utley - Designated member

1.	STATUTORY INFORMATION

Planos Villa 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.

Income

Income represents the value of rental income received.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

344,511

NET BOOK VALUE

At 5 April 2025

344,511

At 5 April 2024

344,511

The members have reviewed the fair value of the property at the balance sheet date and are satisfied that no adjustment is required this year.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans and overdrafts (see note 7)

12,302

12,177

Accrued expenses

1,560

1,560

13,862

13,737

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans (see note 7)

70,223

80,924

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

21,008

32,205

7.

LOANS

An analysis of the maturity of loans is given below:

5.4.25

5.4.24

£

£

Amounts falling due within one year or on demand:

Bank loans - less than 1 yr

12,302

12,177

Amounts falling due between one and two years:

Bank loans - 1-2 years

12,304

12,180

Amounts falling due between two and five years:

Bank loans - 2-5 years

36,911

36,539

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

21,008

32,205

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Do not hold any priority over other creditors and therefore rank equally.