Lsmdt Properties LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC444689

		5 April 2025		5 April 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		830,000		830,000

			830,000		830,000
CURRENT ASSETS
Debtors	5	132		138
Cash at bank and in hand		4,060		5,710

		4,192		5,848
Creditors: Amounts Falling Due Within One Year	6	(600 )		(600 )

NET CURRENT ASSETS (LIABILITIES)			3,592		5,248

TOTAL ASSETS LESS CURRENT LIABILITIES			833,592		835,248

Creditors: Amounts Falling Due After More Than One Year	7		(624,439 )		(624,478 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			209,153		210,770

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		166,480		186,081

			166,480		186,081

Equity
Members' other interests
Other reserves		42,673		24,689

			42,673		24,689

			209,153		210,770

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			166,480		186,081
Members' other interests			42,673		24,689

			209,153		210,770

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Lsmdt Properties LLP

Balance Sheet (continued)

As At 5 April 2025

For the year ending 5 April 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

David Anthony Thomas Thorp

Designated Member

30 December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Lsmdt Properties LLP is a limited liability partnership, incorporated in England & Wales, registered number OC444689 . The Registered Office is Union House Union House, 111 New Union Street, Coventry, CV1 2NT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty.

Income from investment properties

Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 2)

4. Tangible Assets

	Investment Properties
	£
Cost
As at 6 April 2024	830,000

As at 5 April 2025	830,000

Net Book Value
As at 5 April 2025	830,000

As at 6 April 2024	830,000

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Lsmdt Properties LLP

Notes to the Financial Statements (continued)

For The Year Ended 5 April 2025

Cost or valuation as at 5 April 2025 represented by:

	Investment Properties
	£
At valuation	830,000

	830,000

5. Debtors

	5 April 2025	5 April 2024
	£	£
Due within one year
Prepayments and accrued income	132	138

6. Creditors: Amounts Falling Due Within One Year

	5 April 2025	5 April 2024
	£	£
Accruals and deferred income	600	600

7. Creditors: Amounts Falling Due After More Than One Year

	5 April 2025	5 April 2024
	£	£
Bank loans	624,439	624,478

8. Secured Creditors

Of the creditors the following amounts are secured.

	5 April 2025		5 April 2024
	£		£
Bank loans and overdrafts	624,439		624,478

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