Company No: OC431435 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	708,811		707,755
		708,811		707,755
Current assets
Stocks	4	2,171		7,348
Debtors	5	0		6,378
		2,171		13,726
Creditors: amounts falling due within one year	6	( 6,537)		( 1,850)
Net current (liabilities)/assets		(4,366)		11,876
Total assets less current liabilities		704,445		719,631
Net assets attributable to members		704,445		719,631
Represented by
Loans and other debts due to members after more than one year
Members' capital classified as a liability		223,060		238,246
		223,060		238,246
Members' other interests
Members' capital classified as equity		481,385		481,385
		481,385		481,385
		704,445		719,631
Total members' interests
Loans and other debts due to members		223,060		238,246
Members' other interests		481,385		481,385
		704,445		719,631

For the financial year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Chelston Heath LLP (registered number: OC431435) were approved and authorised for issue by the Board of Directors on 23 December 2025. They were signed on its behalf by:

A And M Developments (South West) Limited Designated member

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chelston Heath LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings

not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	2		2

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 April 2024	707,755		707,755
Additions	1,056		1,056
At 31 March 2025	708,811		708,811
Accumulated depreciation
At 01 April 2024	0		0
At 31 March 2025	0		0
Net book value
At 31 March 2025	708,811		708,811
At 31 March 2024	707,755		707,755

4. Stocks

	2025		2024
	£		£
Stocks	2,171		7,348

5. Debtors

	2025		2024
	£		£
Other debtors	0		6,378

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	2,723		0
Accruals	1,940		1,850
Other creditors	1,874		0
	6,537		1,850