REGISTERED NUMBER: OC423226 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CILERNA PROPERTY ACQUISITIONS LLP

FIXED ASSETS

Tangible assets

4

3,429,957

3,690,565

CURRENT ASSETS

Debtors

246,478

230,000

Cash at bank

369,131

19,415

615,609

249,415

CREDITORS

Amounts falling due within one year

108,381

121,094

NET CURRENT ASSETS

507,228

128,321

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,937,185

3,818,886

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

837,185

153,886

MEMBERS' OTHER INTERESTS

Capital accounts

621,680

1,000,895

Revaluation reserve

6

2,478,320

2,664,105

3,937,185

3,818,886

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

837,185

153,886

Members' other interests

3,100,000

3,665,000

3,937,185

3,818,886

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.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 23 December 2025 and were signed by:

S C Lawn - Designated member

1.	STATUTORY INFORMATION

Cilerna Property Acquisitions LLP is registered in England and Wales. The LLP's registered number is OC423226 and the registered office is 7 Heigham Street, Norwich, NR2 4TE. The presentation currency of the financial statements is 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.

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.

Plant and machinery

25% reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Taxation

The taxation payable on the profits of the LLP is the personal liability of the members and consequently neither taxation or deferred taxation are provided for in the financial statements.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2024

3,709,313

Additions

319,232

Disposals

(585,000

)

At 31 March 2025

3,443,545

DEPRECIATION

At 1 April 2024

18,748

Charge for year

6,405

Eliminated on disposal

(11,565

)

At 31 March 2025

13,588

NET BOOK VALUE

At 31 March 2025

3,429,957

At 31 March 2024

3,690,565

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Valuation in 2025

2,478,320

Cost

965,225

3,443,545

Freehold land and buildings forming part of the assets and property of the LLP were revalued on an open market basis by the designated members at the financial year-end.

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors.

6.

RESERVES

Revaluation

reserve

£

At 1 April 2024

2,664,105

Release of revaluation surplus on sale

(185,785

)

At 31 March 2025

2,478,320