REGISTERED NUMBER: SO306831 (Scotland)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TROY PARK PROPERTIES LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mrs B N Boon

Mr G A Ludar-Smith

REGISTERED OFFICE:

30 King Street

Inverkeithing

Fife

KY11 1NB

REGISTERED NUMBER:

SO306831 (Scotland)

ACCOUNTANTS:

J S White & Co Limited

25-29 Sandy Way

Yeadon

Leeds

LS19 7EW

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:

Mrs B N Boon

Mr G A Ludar-Smith

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £40,576 (2024 - £2,919 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mrs B N Boon - Designated member

23 December 2025

TURNOVER

26,325

42,593

Administrative expenses

43,697

31,926

OPERATING (LOSS)/PROFIT

(17,372

)

10,667

Interest payable and similar expenses

23,204

13,586

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

(40,576

)

(2,919

)

FIXED ASSETS

Investment property

4

352,233

352,233

CURRENT ASSETS

Debtors

5

41,528

1,324

Cash at bank

2,732

1,570

44,260

2,894

CREDITORS

Amounts falling due within one year

6

4,404

2,463

NET CURRENT ASSETS

39,856

431

TOTAL ASSETS LESS CURRENT LIABILITIES

392,089

352,664

CREDITORS

Amounts falling due after more than one year

7

364,826

233,531

NET ASSETS ATTRIBUTABLE TO MEMBERS

27,263

119,133

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

27,263

119,133

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

27,263

119,133

Amounts due from members

5

(40,274

)

-

(13,011

)

119,133

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 23 December 2025 and were signed by:

Mrs B N Boon - Designated member

1.	STATUTORY INFORMATION

Troy Park Properties LLP is registered in Scotland. 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.

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.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

352,233

NET BOOK VALUE

At 31 March 2025

352,233

At 31 March 2024

352,233

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,254

1,324

Other debtors

40,274

-

41,528

1,324

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,317

436

Other creditors

2,087

2,027

4,404

2,463

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

364,826

233,531

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation