Contents of the Financial Statements

for the Period Ended 31 March 2025

Profit And Loss Account

for the Period Ended 31 March 2025

Balance sheet

As at 31 March 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover relates solely to rental income in respect of operating leases on investment properties.Rentals receivable under operating leases are credited in the Income statement on a straight-line basis over the lease term.

  Valuation information and policy

  Investment properties ae revalued annually by an independant property valuer and are included in the financial statements at market fair value with gains (losses) on revaluation being recognised in the Income Statement.

  Other accounting policies

  Going Concern The members have considered the LLP's current and future prospects and its availability of financing and is satisfied that the LLP can continue to pay its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. For this reason the members continue to adopt the going concern basis of preparation for these financial statements. Foreign Currencies Transactions in foreign currencies are recorded at the rate ruling at the date of transaction. Monetary assets and liabilites denominated in foreign currencies are retranslated at the rate of exchange ruling at the Statement of financial position date. Cash and Cash Equivalents Cash and cash equivalents in the Statement of financial position comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. Short Term Debtors and Creditors Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income statement in other operating expenses. Tax Provisions The taxation payable on profits is the personal liability of the members and is not provided for in these financial statements. A nominated partner completes the Partnership Tax Return and provides copies to the partners in order that they account for the profits in their own taxable income as appropriate. The Partnership does not account for corporation tax or deferred tax in respect of timing differences that have originated but not reversed at the financial position date. Critical Accounting Judgements and Estimation Uncertainty The partners do not consider there to be any critical accounting judgements or estimates involved in preparing the financial statements.

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 2. Employees

  	4 months to 31 March 2025
  Average number of employees during the period	1