Celestia PP (Pension Partnership) LLP

Registered number

OC421259

Filleted Accounts

31 March 2025

Celestia PP (Pension Partnership) LLP
Registered number:		OC421259
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Investment property	3	557,200		1,245,000
Current assets
Debtors	4	-		3,720

Creditors: amounts falling due within one year	5	(121,260)		(516,470)

Net current liabilities		(121,260)		(512,750)

Total assets less current liabilities		435,940		732,250

Creditors: amounts falling due after more than one year	6	(255,684)		(508,946)

Net assets attributable to members		180,256		223,304

Represented by:

Members' other interests
Members' capital classified as equity		146,097		125,159
Revaluation reserve		-		229,228
Other reserves		34,159		(131,083)
		180,256		223,304

Total members' interests
Members' other interests		180,256		223,304

		180,256		223,304

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:




Celestia Holdings PCC Limited, Celestial Farm Cell
Designated member

Celestia PP (Pension Partnership) 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.

	Investment property
	Investment property is initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in the statement of comprehensive income. The property is held at fair value at the balance sheet date. The designated members believe that the fair value of the property is £527,500.

	Interest payable
	Interest payable has been accounted for on an accrual basis.

	Financial instruments
	The company has chosen to adopt Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Intruments' of FRS 102 in respects of its financial instruments. (i) Financial instruments Basic financial assets, including cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, in which case 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 method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If any asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. (ii) Financial Liabilities Basic financial liabilities, including trade and other payables and bank loans 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. Trade Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the payment is due in one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

	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.

	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	Investment property
				Investment property
£
	Cost
	At 1 April 2024			1,245,000
	Additions			557,200
	Disposals			(1,245,000)
	At 31 March 2025			557,200

	Depreciation
	At 31 March 2025			-

	Net book value
	At 31 March 2025			557,200
	At 31 March 2024			1,245,000
	During the year Wooburn Grange was sold for £1,237,000 and Phoenix House was purchased for £557,200.