REGISTERED NUMBER: OC445144 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Borrell LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

H Borrell

M G Kirby

REGISTERED OFFICE:

The Paddocks

St. Peters Road

Arnesby

Leicestershire

LE8 5WJ

REGISTERED NUMBER:

OC445144 (England and Wales)

ACCOUNTANTS:

Vaughan Davies & Co (Accountants) Ltd

Unit 1-3, Willow Park

Upton Lane

Stoke Golding

Nuneaton

Warwickshire

CV13 6EU

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

DESIGNATED MEMBERS

The designated members during the year under review were:

H Borrell

M G Kirby

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £35,903 (2024 - £7,239 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

H Borrell - Designated member

9 December 2025

TURNOVER

125,705

93,660

Administrative expenses

11,024

17,608

OPERATING PROFIT

114,681

76,052

Interest receivable and similar income

-

7

114,681

76,059

Interest payable and similar expenses

78,778

83,298

PROFIT/(LOSS) FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

35,903

(7,239

)

FIXED ASSETS

Tangible assets

4

2,970,000

2,970,000

CURRENT ASSETS

Debtors

21,546

7,239

Cash at bank

3,245

-

24,791

7,239

CREDITORS

Amounts falling due within one year

5

1,357,716

1,358,116

NET CURRENT LIABILITIES

(1,332,925

)

(1,350,877

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,637,075

1,619,123

LOANS AND OTHER DEBTS DUE TO MEMBERS

1,637,075

1,619,123

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

1,637,075

1,619,123

Amounts due from members

(21,546

)

(7,239

)

1,615,529

1,611,884

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 9 December 2025 and were signed by:

H Borrell - Designated member

1.	STATUTORY INFORMATION

Borrell 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2024

and 31 March 2025

2,970,000

NET BOOK VALUE

At 31 March 2025

2,970,000

At 31 March 2024

2,970,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

1,344,546

1,344,546

Other creditors

13,170

13,570

1,357,716

1,358,116