Pendragon Trinity LLP - Filleted accounts

Registered number

OC357653

Pendragon Trinity LLP

Filleted Accounts

31 March 2025

Pendragon Trinity LLP
Registered number:		OC357653
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	883,460		883,460
Current assets
Cash at bank and in hand		21		21

Creditors: amounts falling due within one year	4	(1,800)		(1,800)

Net current liabilities		(1,779)		(1,779)

Total assets less current liabilities		881,681		881,681

Creditors: amounts falling due after more than one year	5	(557,489)		(557,489)


Net assets attributable to members		324,192		324,192

Represented by:

Members' other interests
Revaluation reserve		26,154		26,154
Other reserves		298,038		298,038
		324,192		324,192

		324,192		324,192

Total members' interests
Members' other interests		324,192		324,192

		324,192		324,192

For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 30 December 2025 and signed on their behalf by:


J G Gibson
Designated member

Pendragon Trinity LLP
Notes to the Accounts
for the year ended 31 March 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles			25% reducing balance
	Computer equipment			33.33% on cost

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.



2	Employees					2025		2024
Number							Number

	Average number of persons employed by the LLP					-		-


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	788,260		12,343		119,000		919,603
	At 31 March 2025	788,260		12,343		119,000		919,603

	Depreciation
	At 1 April 2024	-		12,343		23,800		36,143
	At 31 March 2025	-		12,343		23,800		36,143

	Net book value
	At 31 March 2025	788,260		-		95,200		883,460
	At 31 March 2024	788,260		-		95,200		883,460


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					762,106		762,106
	Cumulative depreciation based on historical cost					-		-
						762,106		762,106

	The property has been valued by the members at openmarket value as at 31st March 2024



4	Creditors: amounts falling due within one year					2025		2024
£							£

	Other creditors					1,800		1,800


5	Creditors: amounts falling due after one year					2025		2024
£							£

	Mortgages					557,489		557,489




6	Loans					2025		2024
£							£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years					557,489		557,489
						557,489		557,489


	Secured mortgages					557,489		557,489

	The loans are secured by way of mortgages on the investment property and are interest only


7	Revaluation reserve					2025		2024
£							£

	At 1 April 2024					26,154		26,154

	At 31 March 2025					26,154		26,154


8	Other information

	Pendragon Trinity LLP is a limited liability partnership incorporated in England. Its registered office is:
	Parker House
	44 Stafford Road
	Wallington
	Surrey
	SM6 9AA