REGISTERED NUMBER: OC341028 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Five Chimneys Business Park LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs N J Osborn

Mr M L Osborn

REGISTERED OFFICE:

Five Chimneys Farm

Curtains Hill

Hadlow Down

Uckfield

East Sussex

TN22 4DU

REGISTERED NUMBER:

OC341028 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Tangible assets

4

156,206

174,855

Investment property

5

1,716,770

1,486,214

1,872,976

1,661,069

CURRENT ASSETS

Debtors

6

279,898

307,334

Cash at bank and in hand

58,122

35,128

338,020

342,462

CREDITORS

Amounts falling due within one year

7

851,485

725,822

NET CURRENT LIABILITIES

(513,465

)

(383,360

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,359,511

1,277,709

CREDITORS

Amounts falling due after more than one year

8

415,795

533,280

NET ASSETS ATTRIBUTABLE TO MEMBERS

943,716

744,429

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

502,282

302,995

MEMBERS' OTHER INTERESTS

Fair value reserve

11

441,434

441,434

943,716

744,429

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

502,282

302,995

Members' other interests

441,434

441,434

943,716

744,429

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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 29 December 2025 and were signed by:

Mrs N J Osborn - Designated member

1.	STATUTORY INFORMATION

Five Chimneys Business Park LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance, 5% on reducing balance and 5% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

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.

Members

A member's share of the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

50,906

280,589

2,476

102,685

436,656

DEPRECIATION

At 1 April 2024

10,438

152,263

1,083

98,017

261,801

Charge for year

1,019

16,115

348

1,167

18,649

At 31 March 2025

11,457

168,378

1,431

99,184

280,450

NET BOOK VALUE

At 31 March 2025

39,449

112,211

1,045

3,501

156,206

At 31 March 2024

40,468

128,326

1,393

4,668

174,855

At the balance sheet date the partnership owned assets under hire purchase contracts with net book value of £14,181 (2024 - £18,908).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,486,214

Additions

230,556

At 31 March 2025

1,716,770

NET BOOK VALUE

At 31 March 2025

1,716,770

At 31 March 2024

1,486,214

Fair value at 31 March 2025 is represented by:

£

Valuation in 2018

321,434

Valuation in 2022

120,000

Cost

1,275,336

1,716,770

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

2025

2024

£

£

Cost

1,275,336

1,044,780

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

16,598

2,020

Other debtors

263,300

305,314

279,898

307,334

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

105,150

130,319

Hire purchase contracts

7,456

7,456

Trade creditors

130,186

98,172

Taxation and social security

7,169

52

Other creditors

601,524

489,823

851,485

725,822

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

410,203

520,232

Hire purchase contracts

5,592

13,048

415,795

533,280

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

164,743

197,256

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

13,048

20,504

Bank loans

499,690

624,824

512,738

645,328

Bank borrowings are secured by way of a debenture over land owned by the partners. The partners have also given a personal guarantee limited to £100,000.

Hire purchase lending is secured against the assets concerned.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

Any reduction in members' other interests are subject to approval by management.

11.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

441,434

12.	RELATED PARTY DISCLOSURES

At the balance sheet date an LLP under common control owed Five Chimneys Business Park LLP £202,752 (2024 - £262,752). This balance is unsecured, interest free and repayable on demand.

At the balance sheet date Five Chimneys Business Park LLP owed a company under common control £300,000 (2024 - £300,000). This balance is unsecured, interest free and repayable on demand.

At the balance sheet date Five Chimneys Business Park LLP owed a partnership under common control £55,000 (2024 - £55,000). This balance is unsecured, interest free and repayable on demand.