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REGISTERED NUMBER: OC432163 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DEMOTASTIC LLP
DEMOTASTIC LLP (REGISTERED NUMBER: OC432163)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


DEMOTASTIC LLP (REGISTERED NUMBER: OC432163)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,050,000 3,050,000

CURRENT ASSETS
Debtors 5 25,019 21,088
Cash at bank 4,360 12,192
29,379 33,280
CREDITORS
Amounts falling due within one year 6 18,975 24,958
NET CURRENT ASSETS 10,404 8,322
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,060,404
3,058,322

CREDITORS
Amounts falling due after more than one year 7 1,416,534 1,429,337
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,643,870 1,628,985

LOANS AND OTHER DEBTS DUE TO
MEMBERS
9
1,643,870
1,628,985

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 1,643,870 1,628,985

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 Mr c Demoloulos the members of the LLP and authorised for issue on 16 December 2025 and were signed by:



Mr C Demopoulos - Designated member

The notes form part of these financial statements

Page 1
DEMOTASTIC LLP (REGISTERED NUMBER: OC432163)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

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

Registered number: OC432163

Registered office: 1 Kings Avenue
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.

Significant judgements and estimates
In the application of the company'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.

Revenue
Revenue represents the value of rental income chargeable in respect of the company's investment property.
Revenue is recognised evenly over the period of the rental agreement.

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

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 or loss.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand and 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.

3. EMPLOYEE INFORMATION

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

Page 2 continued...
DEMOTASTIC LLP (REGISTERED NUMBER: OC432163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2024
and 31 March 2025 3,050,000
NET BOOK VALUE
At 31 March 2025 3,050,000
At 31 March 2024 3,050,000

The members consider the market value of the investment properties to be as stated in the financial statements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 4,569 3,571
Other debtors 20,450 17,517
25,019 21,088

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 7,958 7,958
Trade creditors 18 2,220
Other creditors 10,999 14,780
18,975 24,958

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 1,416,534 1,429,337

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,069,623 1,076,280

Repayable by instalments
Bank loans more 5 yr by instal 346,911 353,057

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 1,424,492 1,437,295

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

Page 3 continued...
DEMOTASTIC LLP (REGISTERED NUMBER: OC432163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

Page 4