REGISTERED NUMBER: OC453004 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 10 JULY 2024 TO 31 MARCH 2025

FOR

FC DEVELOPMENTS (ALDERMINSTER) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Centralis Development Solutions Limited

Fontwell Limited

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

OC453004 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

CURRENT ASSETS

Stocks

1,170,251

Debtors

4

350,344

Cash at bank

509

1,521,104

CREDITORS

Amounts falling due within one year

5

(37,308

)

NET CURRENT ASSETS

1,483,796

TOTAL ASSETS LESS CURRENT LIABILITIES

1,483,796

CREDITORS

Amounts falling due after more than one year

6

(1,396,634

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

87,162

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

195,651

MEMBERS' OTHER INTERESTS

Other reserves

(108,489

)

87,162

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

195,651

Members' other interests

(108,489

)

87,162

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 December 2025 and were signed by:

Centralis Development Solutions Limited - Designated member

Fontwell Limited - Designated member

1.	STATUTORY INFORMATION

FC Developments (Alderminster) LLP (OC453004) is a limited liability partnership registered in England and Wales. Its registered office is 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.

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.

The presentation currency of the financial statements is Pound Sterling (£) and rounded to the nearest £1.

Stocks

Properties held for resale are classified as stock and are stated at the lower of cost and and estimated selling price less costs to complete and sell.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Profit and Loss Account and are equity appropriations in the Balance Sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by joint ventures

348,651

Other debtors

1,693

350,344

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to joint ventures

14,793

Other creditors

22,515

37,308

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

1,396,634

7.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

1,396,634

Secured against assets loaned against

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The balances shown within loans and other debts due to members' would rank pari passu with unsecured creditors.

9.	RELATED PARTY DISCLOSURES

During the period this limited liability partnership was charged £20,555 for the management of an ongoing construction project by Centralis Developments Ltd. In addition Centralis Development Solutions Ltd has paid costs on behalf of this limited liability partnership amounting to £14,793.

This limited liability partnership and Centralis Development Solutions Ltd , have common partners and directors

At the period end a balance of £35,348 was owed to Centralis Developments Solutions Ltd , which is disclosed within creditors due within one year.

In addition during the period £348,651 was loaned and is owed by Centralis Developments Solutions Ltd for the ongoing construction project. This sum is disclosed within creditors due within one year.