REGISTERED NUMBER: OC342844 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FINNTILLY PROPERTIES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R Paisley

S Paisley

Jamjosh Limited

REGISTERED OFFICE:

45 Gloucester Street

Brighton

BN1 4EW

REGISTERED NUMBER:

OC342844 (England and Wales)

ACCOUNTANTS:

Watson Associates

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Tangible assets

4

27,526

36,701

Investments

5

360,000

360,000

Investment property

6

522,001

3,987,550

909,527

4,384,251

CURRENT ASSETS

Debtors

7

1,734,267

151,119

Cash at bank

17,450

13,464

1,751,717

164,583

CREDITORS

Amounts falling due within one year

8

(78,803

)

(91,677

)

NET CURRENT ASSETS

1,672,914

72,906

TOTAL ASSETS LESS CURRENT LIABILITIES

2,582,441

4,457,157

CREDITORS

Amounts falling due after more than one year

9

(1,019,571

)

(1,374,563

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,562,870

3,082,594

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

819,214

2,338,938

MEMBERS' OTHER INTERESTS

Revaluation reserve

11

855,349

855,349

Capital contribution reserve

(111,693

)

(111,693

)

1,562,870

3,082,594

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

819,214

2,338,938

Members' other interests

743,656

743,656

Amounts due from members

7

(174,905

)

-

1,387,965

3,082,594

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 22 December 2025 and were signed by:

R Paisley - Designated member

1.	STATUTORY INFORMATION

Finntilly Properties 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

190,000

DEPRECIATION

At 1 April 2024

153,299

Charge for year

9,175

At 31 March 2025

162,474

NET BOOK VALUE

At 31 March 2025

27,526

At 31 March 2024

36,701

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

190,000

Transfer to ownership

(190,000

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

153,299

Transfer to ownership

(153,299

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

36,701

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

360,000

NET BOOK VALUE

At 31 March 2025

360,000

At 31 March 2024

360,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

3,987,550

Additions

6,600

Disposals

(3,472,149

)

At 31 March 2025

522,001

NET BOOK VALUE

At 31 March 2025

522,001

At 31 March 2024

3,987,550

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,549,315

140,957

Amounts owed by participating interests

-

343

Other debtors

184,952

9,819

1,734,267

151,119

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

44,864

54,440

Hire purchase contracts

-

5,377

Trade creditors

25,147

8,809

Amounts owed to participating interests

8,409

21,704

Other creditors

383

1,347

78,803

91,677

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,019,571

1,374,563

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Loans from members

819,214

2,213,384

Amounts owed to members in respect of profits

-

125,554

819,214

2,338,938

Falling due within one year

819,214

2,338,938

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

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

855,349

12.	RELATED PARTY DISCLOSURES

At the year end an amount of £8,409 (2024: £8,409) was owed to Proco Consultants Limited, a company in which R Paisley is a director.

At the year end an amount of £nil (2024: £13,295) was owed to Salolach Childcare Limited, a company in which R Paisley was a director. During the year Finntilly Properties LLP charged Salolach Childcare Limited rent of £4,083.

13.	ULTIMATE CONTROLLING PARTY

The LLP is controlled by its members.