REGISTERED NUMBER: OC434221 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Lord May Partnership LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

D F May

Mrs E May

REGISTERED OFFICE:

TM Transport

Chilton Airfield

Waldingfield Road

Sudbury

Suffolk

CO10 0RB

REGISTERED NUMBER:

OC434221 (England and Wales)

ACCOUNTANTS:

APT

44 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

FIXED ASSETS

Tangible assets

4

161,974

81,168

Investment property

5

1,330,000

1,298,000

1,491,974

1,379,168

CURRENT ASSETS

Debtors

6

1,802

1,489

Cash at bank

351,486

330,063

353,288

331,552

CREDITORS

Amounts falling due within one year

7

4,675

4,387

NET CURRENT ASSETS

348,613

327,165

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,840,587

1,706,333

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

1,990,097

1,855,843

Other reserves

(149,510

)

(149,510

)

1,840,587

1,706,333

TOTAL MEMBERS' INTERESTS

Members' other interests

1,840,587

1,706,333

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 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 23 December 2025 and were signed by:

D F May - Designated member

1.	STATUTORY INFORMATION

Lord May Partnership 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.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

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.

Other income

Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method.

Rental income is recognised on an accruals basis in accordance with the substance of the relevant agreement net of VAT.

Going concern

After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

95,492

Additions

104,546

At 31 March 2025

200,038

DEPRECIATION

At 1 April 2024

14,324

Charge for year

23,740

At 31 March 2025

38,064

NET BOOK VALUE

At 31 March 2025

161,974

At 31 March 2024

81,168

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,298,000

Revaluations

32,000

At 31 March 2025

1,330,000

NET BOOK VALUE

At 31 March 2025

1,330,000

At 31 March 2024

1,298,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

218,480

Valuation in 2023

(132,960

)

Valuation in 2024

2,480

Valuation in 2025

32,000

Cost

1,210,000

1,330,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

as restated

£

£

Cost

1,210,000

1,210,000

Investment property was valued on an open market basis on 31 March 2025 by the designated members .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Other debtors

1,802

1,489

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Other creditors

4,675

4,387

8.	CONTINGENT LIABILITIES

The investment properties secure mortgage borrowing in the member Lord May Holdings Limited. At the balance sheet date the loan outstanding in Lord May Holdings Limited amounted to £189,000 (2024 £276,062).