REGISTERED NUMBER: OC358077 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Robot Property Management LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Global Robots Limited

Mrs T Kirkwood

A I Kirkwood

REGISTERED OFFICE:

Beancroft Road

Marston Moretaine

Bedford

Bedfordshire

MK43 0QF

REGISTERED NUMBER:

OC358077 (England and Wales)

ACCOUNTANTS:

Connolly Accountants & Business Advisors Ltd

Chartered Certified Accountants

The Stable Yard

25-33 Vicarage Road

Stony Stratford

Milton Keynes

Buckinghamshire

MK11 1BN

FIXED ASSETS

Tangible assets

4

4,039,289

4,027,418

CURRENT ASSETS

Debtors

5

911,816

581,051

Cash at bank

697,095

75,404

1,608,911

656,455

CREDITORS

Amounts falling due within one year

6

1,448,807

1,442,640

NET CURRENT ASSETS/(LIABILITIES)

160,104

(786,185

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,199,393

3,241,233

CREDITORS

Amounts falling due after more than one year

7

680,581

800,159

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,518,812

2,441,074

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

1,978,516

900,778

MEMBERS' OTHER INTERESTS

Other reserves

1,540,296

1,540,296

3,518,812

2,441,074

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

1,978,516

900,778

Members' other interests

1,540,296

1,540,296

3,518,812

2,441,074

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 24 December 2025 and were signed by:

A I Kirkwood - Designated member

1.	STATUTORY INFORMATION

Robot Property Management LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Motor vehicles

-

25% on reducing balance

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is ant contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from related companies 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. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

property

vehicles

Totals

£

£

£

COST

At 1 April 2024

4,023,902

7,500

4,031,402

Additions

-

17,000

17,000

At 31 March 2025

4,023,902

24,500

4,048,402

DEPRECIATION

At 1 April 2024

-

3,984

3,984

Charge for year

-

5,129

5,129

At 31 March 2025

-

9,113

9,113

NET BOOK VALUE

At 31 March 2025

4,023,902

15,387

4,039,289

At 31 March 2024

4,023,902

3,516

4,027,418

The freehold property Beancroft Road, Marston Moretaine, was revalued on 3 March 2022 by independent valuers at £2,979,900.

If the freehold land and buildings had not been revalued, they would have been stated at their original cost of £1,626,607.

The members are of the opinion that there was no material difference between the valuations of the freehold land and building as disclosed in the financial statements and the valuation as at the date of approval of the financial statements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

4,200

9,900

Amounts owed by group undertakings

997

997

Other debtors

906,619

570,154

911,816

581,051

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

143,744

105,112

Trade creditors

5,609

20,022

Amounts owed to group undertakings

1,067,283

1,067,283

Taxation and social security

1,171

10,223

Other creditors

231,000

240,000

1,448,807

1,442,640

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Bank loans

680,581

800,159

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as restated

£

£

Bank loans

824,325

905,271

The long-term loans are secured by fixed charges over all the property and assets of the LLP.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

as restated

£

£

Loans from members

1,317,149

404,989

Amounts owed to members in respect of profits

661,367

495,789

1,978,516

900,778

Falling due within one year

1,978,516

900,778

In the event of winding up the amounts included in 'Loans and other debts due to members' rank equally with unsecured creditors.