REGISTERED NUMBER: OC342909 (England and Wales)

Unaudited Financial Statements

for the Period 31 March 2024 to 31 March 2025

for

Penenden Heath Investments LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R L Wright

A D Thorogood

REGISTERED OFFICE:

Harmile House

54 St Marys Lane

Upminster

Essex

RM14 2QP

REGISTERED NUMBER:

OC342909 (England and Wales)

FIXED ASSETS

Tangible assets

4

38,104

19,458

Investment property

5

4,375,691

4,640,335

4,413,795

4,659,793

CURRENT ASSETS

Debtors

6

31,850

38,870

Cash at bank and in hand

28,746

67,431

60,596

106,301

CREDITORS

Amounts falling due within one year

7

676,173

853,394

NET CURRENT LIABILITIES

(615,577

)

(747,093

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,798,218

3,912,700

CREDITORS

Amounts falling due after more than one year

8

22,488

23,362

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,775,730

3,889,338

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

3,373,837

3,046,435

MEMBERS' OTHER INTERESTS

Revaluation reserve

11

288,947

288,947

Other reserves

112,946

553,956

3,775,730

3,889,338

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

3,373,837

3,046,435

Members' other interests

401,893

842,903

Amounts due from members

6

-

(15,806

)

3,775,730

3,873,532

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 period 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 23 December 2025 and were signed by:

A D Thorogood - Designated member

1.	STATUTORY INFORMATION

Penenden Heath Investments 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 as modified by the revaluation of certain assets.

TURNOVER

Turnover represents sales of properties from the company's trading stock together with rents receivable.

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

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

No depreciation has been charged on the company's freehold property as the members consider that the economic life of the property and it's residual value, excluding inflation, is such that depreciation is not significant. The residual value of property is regularly reviewed to identify any impairment.

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.

FINANCIAL INSTRUMENTS

The LLP has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's balance sheet when the LLP becomes party to the contractual provisions of the instrument.

Cash and cash equivalents

These comprise cash at bank and any short term highly liquid bank deposits with an original maturity of three month or less.

Debtors

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is evidence that the asset is impaired.

Trade creditors

Trade creditors are not interest bearing and are stated at their nominal value.

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 period was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 March 2024

117,169

Additions

29,000

At 31 March 2025

146,169

DEPRECIATION

At 31 March 2024

97,711

Charge for period

10,354

At 31 March 2025

108,065

NET BOOK VALUE

At 31 March 2025

38,104

At 30 March 2024

19,458

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

Plant and

machinery

etc

£

COST

At 31 March 2024

22,000

Additions

29,000

At 31 March 2025

51,000

DEPRECIATION

At 31 March 2024

5,049

Charge for period

9,726

At 31 March 2025

14,775

NET BOOK VALUE

At 31 March 2025

36,225

At 30 March 2024

16,951

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2024

4,654,724

Additions

(263,792

)

At 31 March 2025

4,390,932

DEPRECIATION

At 31 March 2024

14,389

Charge for period

852

At 31 March 2025

15,241

NET BOOK VALUE

At 31 March 2025

4,375,691

At 30 March 2024

4,640,335

Fair value at 31 March 2025 is represented by:

£

Valuation in 2020

288,947

Cost

4,101,985

4,390,932

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.3.24

£

£

Trade debtors

28,778

20,100

Other debtors

3,072

18,770

31,850

38,870

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.3.24

£

£

Bank loans and overdrafts

10,397

10,140

Hire purchase contracts

14,092

7,333

Trade creditors

415,544

401,048

Taxation and social security

124,521

123,160

Other creditors

111,619

311,713

676,173

853,394

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

30.3.24

£

£

Bank loans

4,409

14,806

Hire purchase contracts

18,079

8,556

22,488

23,362

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

30.3.24

£

£

Hire purchase contracts

32,171

15,889

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Debts due to members rank equally with other creditors in the event of a winding up.

11.

RESERVES

Revaluation

reserve

£

At 31 March 2024

and 31 March 2025

288,947