REGISTERED NUMBER: OC333029 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Parkwood Ventures LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

W E S Gee

Mrs J S Dickinson

REGISTERED OFFICE:

Oakley House

Hungerford Road

Huddersfield

HD3 3AL

REGISTERED NUMBER:

OC333029 (England and Wales)

FIXED ASSETS

Investment property

4

50,000

50,000

CURRENT ASSETS

Debtors

5

12,145

2,193

Cash at bank

149

189

12,294

2,382

CREDITORS

Amounts falling due within one year

6

1,627

1,627

NET CURRENT ASSETS

10,667

755

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

60,667

50,755

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

50,667

40,755

MEMBERS' OTHER INTERESTS

Capital accounts

10,000

10,000

60,667

50,755

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

50,667

40,755

Members' other interests

10,000

10,000

60,667

50,755

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 31st 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 12th January 2026 and were signed by:

W E S Gee - Designated member

1.	STATUTORY INFORMATION

Parkwood Ventures 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 as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

Members' participating interests

Profits are allocated to the members in proportion to the capital contributed by them respectively. The amounts due to members are classed as liabilities. To the extent that they remain unpaid at the year end they are classified as liabilities in the balance sheet within 'Loans and other debts due to members'.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

50,000

NET BOOK VALUE

At 31st March 2025

50,000

At 31st March 2024

50,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2024

33,400

Cost

16,600

50,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

16,600

16,600

Investment property was valued on a fair value basis on 31st March 2025 by the designated members .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Prepayments and deferred expenditure

12,145

2,193

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Accrued expenses

1,627

1,627

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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