The Chatham Property Partnership LLP

REGISTERED NUMBER: OC402908 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mr R Silver

Mrs S Silver

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

OC402908 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

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 property investment and management.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr R Silver

Mrs S Silver

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £93,032 (2024 - £50,829 loss).

MEMBERS' INTERESTS

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

New members are required to subscribe to a minimum level of capital and in subsequent years, members are invited to subscribe for further capital, the amounts of which are determined by the performance and seniority of those members.

On retirement, capital is repaid to members.

ON BEHALF OF THE MEMBERS:

Mr R Silver - Designated member

24 December 2025

TURNOVER

298,173

182,998

Cost of sales

(131,403

)

(177,071

)

GROSS PROFIT

166,770

5,927

Administrative expenses

(60,343

)

(37,535

)

106,427

(31,608

)

Other operating income

-

2,005

OPERATING PROFIT/(LOSS)

4

106,427

(29,603

)

Interest receivable and similar income

-

74

106,427

(29,529

)

Interest payable and similar expenses

(13,395

)

(21,300

)

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

93,032

(50,829

)

FIXED ASSETS

Tangible assets

5

46,488

60,629

Investment property

6

1,915,920

1,962,408

1,976,549

CURRENT ASSETS

Debtors

7

707,538

489,905

Cash at bank

851

955

708,389

490,860

CREDITORS

Amounts falling due within one year

8

(211,939

)

(189,311

)

NET CURRENT ASSETS

496,450

301,549

TOTAL ASSETS LESS CURRENT LIABILITIES

2,458,858

2,278,098

CREDITORS

Amounts falling due after more than one
year

9

(218,435

)

(257,059

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,240,423

2,021,039

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

2,240,423

2,021,039

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

2,240,423

2,021,039

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 24 December 2025 and were signed by:

Mr R Silver - Designated member

1.	STATUTORY INFORMATION

The Chatham Property 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.

Turnover

Turnover represents rents receivable, excluding value added tax.

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 - 15% on reducing balance

Motor vehicles - 25% on reducing balance

Computer equipment - 25% 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.

3.	EMPLOYEE INFORMATION

The average number of employees (including directors) during the period was 2 (2020 - 2).

4.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

31.3.25

31.3.24

£

Depreciation - owned assets

14,141

18,613

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

31,710

218,686

1,779

252,175

DEPRECIATION

At 1 April 2024

21,544

168,456

1,546

191,546

Charge for year

1,525

12,557

59

14,141

At 31 March 2025

23,069

181,013

1,605

205,687

NET BOOK VALUE

At 31 March 2025

8,641

37,673

174

46,488

At 31 March 2024

10,166

50,230

233

60,629

6.	INVESTMENT PROPERTY

In accordance with the FRS102, depreciation has not been charged on investment property. This is a departure from the Companies Act, but necessary to show a true and fair view. The standard depreciation treatment would not give a true and fair view as investment property is unlikely to depreciate in value.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

1,915,920

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

31.3.25

31.3.24

£

Cost

1,915,920

Investment property was valued on an open market basis on 31 March 2024 by Mr R. Silver .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

15,466

1,503

Other debtors

692,072

488,402

707,538

489,905

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

40,478

38,253

Trade creditors

98,386

98,501

Taxation and social security

7,087

-

Other creditors

65,988

52,557

211,939

189,311

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans

218,435

257,059

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Commercial property

1,915,920

Lloyds Bank PLC holds a floating charge and negative pledge charge over 1 and 1A Longmoor Lane, Liverpool, Unit 1, 2-5 at 6 Provincial House, Infirmary Street, Bolton and at the financial position date.both fixed and floating charge with negative pledge over Thelford House, Walderslade Centre, Chatham, Kent.

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members have no preferential rank in relation to other creditors.

12.	RELATED PARTY DISCLOSURES

Mr. R N Silver and Mrs. S A Silver are considered to be key management personnel.