Holly Down LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC353275 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Holly Down LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

850,000

CURRENT ASSETS

Debtors

5

390,149

307,680

Cash at bank

13,065

447,739

403,214

755,419

CREDITORS

Amounts falling due within one year

6

195,053

246,571

NET CURRENT ASSETS

208,161

508,848

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,058,161

1,358,848

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

208,061

508,748

MEMBERS' OTHER INTERESTS

Capital accounts

768,900

Revaluation reserve

8

81,200

1,058,161

1,358,848

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

208,061

508,748

Members' other interests

850,100

1,058,161

1,358,848

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 3 December 2025 and were signed by:

D M S Cobbold - Designated member

1.	STATUTORY INFORMATION

Holly Down LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC353275

Registered office:

Newnham Estate

Newnham Park

Plympton

Plymouth

Devon

PL7 5BN

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.

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.

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

850,000

NET BOOK VALUE

At 31 March 2025

850,000

At 31 March 2024

850,000

At the year end 2017, a revaluation was provided by Mr D Cobbold, a member of Holly Down LLP. The members feel that there is no change in the valuation this year.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

-

14,400

Other debtors

390,149

293,280

390,149

307,680

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

11,418

30,502

Other creditors

183,635

216,069

195,053

246,571

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

81,200