REGISTERED NUMBER: OC403668 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MEADOWCROFT HOUSE LLP

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

1,311,747

1,311,747

CURRENT ASSETS

Cash at bank

16,200

5,843

CREDITORS

Amounts falling due within one year

5

759,176

11,175

NET CURRENT LIABILITIES

(742,976

)

(5,332

)

TOTAL ASSETS LESS CURRENT LIABILITIES

568,771

1,306,415

CREDITORS

Amounts falling due after more than one year

6

-

747,098

NET ASSETS ATTRIBUTABLE TO MEMBERS

568,771

559,317

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

556,336

546,882

MEMBERS' OTHER INTERESTS

Fair value reserve

9

12,435

12,435

568,771

559,317

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

556,336

546,882

Members' other interests

12,435

12,435

568,771

559,317

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 15 December 2025 and were signed by:

Mr H Christodoulou - Designated member

1.	STATUTORY INFORMATION

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

Registered number:

OC403668

Registered office:

1 Kings Avenue

Winchmore Hill

London

N21 3NA

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 unless otherwise specified within these accounting policies.

Significant judgements and estimates

In the application of the LLP's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue represents value of rents receivable in respect of the LLP's investment property. Revenue is recognised evenly over the period of the rental agreement.

Investment property

Cash and cash equivalents

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and 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

1,311,747

NET BOOK VALUE

At 31 March 2025

1,311,747

At 31 March 2024

1,311,747

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

12,435

Cost

1,299,312

1,311,747

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,299,312

1,299,312

The members consider the market value of the investment property at the year end to be as stated in the accounts.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

747,089

-

Trade creditors

2,284

1,540

Other creditors

9,803

9,635

759,176

11,175

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

747,098

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

747,089

747,098

The bank loan is secured by way of fixed and floating charge on the property and other assets of the LLP and contains a negative pledge.

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Loans from members

406,651

431,461

Amounts owed to members in respect of profits

149,685

115,421

556,336

546,882

Falling due within one year

556,336

546,882

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

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

12,435