REGISTERED NUMBER: OC324137 (England and Wales)

REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

NOBLE HARRIS PROPERTY MANAGEMENT LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Reconciliation of Members' Interests

6

Notes to the Financial Statements

8

DESIGNATED MEMBERS:

C A Froshaug

A S Harris

G D Loveday

M A Noble

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

OC324137 (England and Wales)

ACCOUNTANTS:

MGR Paris Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

The members present their report with the financial statements of the LLP for the year ended 5 April 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of providing office facilities.

DESIGNATED MEMBERS

The designated members during the year under review were:

C A Froshaug

A S Harris

G D Loveday

M A Noble

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £10,138 (2024 - £42,465 profit).

MEMBERS' INTERESTS

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.

ON BEHALF OF THE MEMBERS:

A S Harris - Designated member

22 December 2025

TURNOVER

93,083

83,905

Administrative expenses

(82,945

)

(83,995

)

10,138

(90

)

Other operating income

-

40,000

OPERATING PROFIT

10,138

39,910

Interest receivable and similar income

-

2,555

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

10,138

42,465

FIXED ASSETS

Tangible assets

4

3,078

1,047

Investments

5

2

2

3,080

1,049

CURRENT ASSETS

Debtors

6

60,473

57,088

Cash at bank

8,145

11,659

68,618

68,747

CREDITORS

Amounts falling due within one year

7

(40,194

)

(48,430

)

NET CURRENT ASSETS

28,424

20,317

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

31,504

21,366

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

31,504

21,366

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

31,504

21,366

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 5 April 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 22 December 2025 and were signed by:

A S Harris - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

21,366

Amount due from members

-

Balance at 6 April 2024

-

21,366

21,366

Profit for the financial year available for discretionary division among members

10,138

-

10,138

Members' interests after profit for the year

10,138

21,366

31,504

Other divisions of profit

(10,138

)

10,138

-

Amount due to members

31,504

Amount due from members

-

Balance at 5 April 2025

-

31,504

31,504

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

18,901

Amount due from members

-

Balance at 6 April 2023

-

18,901

18,901

Profit for the financial year available for discretionary division among members

42,465

-

42,465

Members' interests after profit for the year

42,465

18,901

61,366

Other divisions of profit

(42,465

)

42,465

-

Drawings on account and distributions of profit

-

(40,000

)

(40,000

)

Amount due to members

21,366

Amount due from members

-

Balance at 5 April 2024

-

21,366

21,366

1.	STATUTORY INFORMATION

Noble Harris 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.

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.

Monetary amounts are rounded to the nearest pound.

Turnover

Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax.

Tangible fixed assets

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

Plant & Machinery is depreciated 25% on cost.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction and where material are subsequently measured at amortised cost using the effective interest method, less any impairments.

Impairment of financial assets

Financial assets, other than those held at fair value are assessed for indicators or impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occured after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the Statement of Total Comprehensive Income.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash and cash equivalent

cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2024

1,244

Additions

3,669

Disposals

(1,180

)

At 5 April 2025

3,733

DEPRECIATION

At 6 April 2024

197

Charge for year

595

Eliminated on disposal

(137

)

At 5 April 2025

655

NET BOOK VALUE

At 5 April 2025

3,078

At 5 April 2024

1,047

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 6 April 2024

and 5 April 2025

2

NET BOOK VALUE

At 5 April 2025

2

At 5 April 2024

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Trade debtors

8,063

13,226

Other debtors

52,410

43,862

60,473

57,088

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Trade creditors

11,063

4,478

Taxation and social security

3,008

3,627

Other creditors

26,123

40,325

40,194

48,430

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

5.4.25

5.4.24

£

£

Amounts owed to members in respect of profits

31,504

21,366

Falling due within one year

31,504

21,366

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members, other interests'.