Landlords With Flair LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC447977 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Landlords With Flair LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr R C Roberts

Mrs C Roberts

REGISTERED OFFICE:

60 Grange Park Avenue

London

N21 2LL

REGISTERED NUMBER:

OC447977 (England and Wales)

ACCOUNTANTS:

TAG Accountants Group Limited

Unit 8, Pendeford Place

Pendeford Business Park

Wobaston Road

Wolverhampton

WV9 5HD

FIXED ASSETS

Investment property

4

2,404,950

CURRENT ASSETS

Debtors

5

19,752

27,898

Cash at bank

17,859

714

37,611

28,612

CREDITORS

Amounts falling due within one year

6

78,367

71,366

NET CURRENT LIABILITIES

(40,756

)

(42,754

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,364,194

2,362,196

CREDITORS

Amounts falling due after more than one
year

7

2,352,683

2,357,062

NET ASSETS ATTRIBUTABLE TO
MEMBERS

11,511

5,134

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

11,511

5,134

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

11,511

5,134

Amounts due from members

5

(16,171

)

(24,168

)

(4,660

)

(19,034

)

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 24 December 2025 and were signed by:

Mr R C Roberts - Designated member

1.	STATUTORY INFORMATION

Landlords With Flair 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.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

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

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.

Deferred consideration

The terms of the sale agreement that introduced the property business to the partnership provide for a deferred consideration amount of £902,365 owed by the partnership. The split in deferred consideration is; Mr R Roberts £893,341 and Mrs C Roberts £9,024.

The legal title in respect of the properties remains unchanged, however, the beneficial ownership has now transferred to Landlords With Flair LLP.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,404,950

NET BOOK VALUE

At 31 March 2025

2,404,950

At 31 March 2024

2,404,950

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

-

1,600

Other debtors

19,752

26,298

19,752

27,898

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

59,540

53,484

Trade creditors

-

495

Other creditors

18,827

17,387

78,367

71,366

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

1,450,318

1,454,697

Other creditors

902,365

2,352,683

2,357,062

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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