REGISTERED NUMBER: OC418499 (England and Wales)

Unaudited Financial Statements

for the Period 30 March 2024 to 31 March 2025

for

Ardengate Property Management LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Miss S Blackwood

P Bradbury

Ardengate Estates Limited

REGISTERED OFFICE:

16 Beaufort Court

Admirals Way

Canary Wharf

London

E14 9XL

REGISTERED NUMBER:

OC418499 (England and Wales)

FIXED ASSETS

Investment property

4

3,851,000

4,193,000

CURRENT ASSETS

Debtors

5

13,824

14,974

CREDITORS

Amounts falling due within one year

6

3,180

1,463

NET CURRENT ASSETS

10,644

13,511

TOTAL ASSETS LESS CURRENT LIABILITIES

3,861,644

4,206,511

CREDITORS

Amounts falling due after more than one year

7

1,906,013

2,116,021

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,955,631

2,090,490

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

1,409,631

1,662,490

MEMBERS' OTHER INTERESTS

Revaluation reserve

9

546,000

428,000

1,955,631

2,090,490

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

1,409,631

1,662,490

Members' other interests

546,000

428,000

1,955,631

2,090,490

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 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:

P Bradbury - Designated member

1.	STATUTORY INFORMATION

Ardengate Property Management 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 March 2024

4,193,000

Disposals

(460,000

)

Revaluations

118,000

At 31 March 2025

3,851,000

NET BOOK VALUE

At 31 March 2025

3,851,000

At 29 March 2024

4,193,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

380,000

Valuation in 2024

48,000

Valuation in 2025

118,000

Cost

3,305,000

3,851,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

29.3.24

£

£

Trade debtors

13,824

14,974

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

29.3.24

£

£

Other creditors

3,180

1,463

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

29.3.24

£

£

Bank loans

1,906,013

2,116,021

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.

9.

RESERVES

Revaluation

reserve

£

At 30 March 2024

428,000

Revaluation

118,000

At 31 March 2025

546,000