Crome Properties LLP - Filleted accounts

Crome Properties LLP
Registered number:		OC444304
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Tangible assets	4	2,225,426		-
		2,225,426		-
Current assets
Cash at bank and in hand		23,817		43,568

Creditors: amounts falling due within one year	5	(8,200)		(9,700)

Net current assets		15,617		33,868

Total assets less current liabilities		2,241,043		33,868

Creditors: amounts falling due after more than one year	6	(2,179,920)		-


Net assets attributable to members		61,123		33,868


Total members' interests
Partner's drawings	7	(7,813)		-
Reserves		35,068		-
Members' capital		33,868		33,868

		61,123		33,868

For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 12 December 2025 and signed on their behalf by:


Mr Rofiqul Islam
Designated member

Crome Properties LLP
Notes to the Accounts
for the year ended 31 March 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Investment Properties	No depreciation charged

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

3	Employees		2025		2024
Number				Number

	Average number of persons employed by the LLP		2		2

4	Tangible fixed assets
					Investment Properties
£
	Cost
	Additions				2,225,426
	At 31 March 2025				2,225,426

	Depreciation
	At 31 March 2025				-

	Net book value
	At 31 March 2025				2,225,426


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Accruals		500		500
	Rent advance		-		3,800
	Rent deposit		7,700		5,400
			8,200		9,700


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		549,920		-
	Partner- Sirajul Islam		815,000		-
	Partner- Rofiqul Islam		815,000		-
			2,179,920		-


7	Loans and other debts due to members		2025		2024
£				£

	Partner's drawings		(7,813)		-

	Amounts falling due within one year		(7,813)		-

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


8	Other information

	Crome Properties LLP is a limited liability partnership incorporated in England. Its registered office is:
	77 Cromwell Road
	Hayes
	Middlesex
	UB3 2PS