Charleywood Property LLP - Filleted accounts

Registered number

OC388666

Charleywood Property LLP

Filleted Accounts

31 March 2025

Charleywood Property LLP
Registered number:		OC388666
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Investments	5	-		8,040,000

Current assets
Debtors	6	8,613,628		624,942
Cash at bank and in hand		34,763		647
		8,648,391		625,589

Creditors: amounts falling due within one year	7	-		(480,778)

Net current assets		8,648,391		144,811

Total assets less current liabilities		8,648,391		8,184,811

Creditors: amounts falling due after more than one year	8	-		(3,174,678)


Net assets attributable to members		8,648,391		5,010,133

Members' other interests
Members' capital classified as equity		125		125
Revaluation reserve		4,990,800		4,990,800
Other reserves		3,657,466		19,208

		8,648,391		5,010,133


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 22 December 2025 and signed on their behalf by:


W R J Rawkins
Designated member

Charleywood Property LLP
Reconciliation of Members' Interests
for the year ended 31 March 2025

	EQUITY				DEBT			TOTAL
	Members' other interests				Loans and other debts due to members
					less any amounts due from members
					in debtors
	Members' capital (classified as equity)	Revaluation reserve	Other reserves	Total	Members' capital (classified as debt)	Other amounts	Total	Total members' interests
Balance at 1 April 2022	125	4,990,800	-	4,990,925	-	(467,185)	(467,185)	4,523,740
Profit for the financial year available for discretionary division among members	-	-	2,440,433	2,440,433	-	-	-	2,440,433

Members' interests after profit for the year	125	4,990,800	2,440,433	7,431,358	-	(467,185)	(467,185)	6,964,173

Other divisions of profits	-	-	-	-	-	-	-	-
Movement in reserves	-	-	-	-	-	-	-	-
Amounts introduced by members	-	-	-	-	-	100,000	100,000	100,000
Repayment of capital	-	-	-	-	-	-	-	-
Distribution to members	-	-	-	-	-	(162,494)	(162,494)	(162,494)
Amounts due from members	-	-	-	-	-	(617,395)	(617,395)	(617,395)



Balance at 1 April 2024	125	4,990,800	2,440,433	7,431,358	-	(617,395)	(617,395)	6,813,963
Profit for the financial year available for discretionary division among members			3,657,466	3,657,466				3,657,466

Members' interests after profit for the year	125	4,990,800	6,097,899	11,088,824	-	(617,395)	(617,395)	10,471,429

Other divisions of profits			(2,440,433)	(2,440,433)		-	-	(2,440,433)
Distribution to members						(125,000)	(125,000)	(125,000)
Amounts due from members	-	-	-	-	-	(8,611,381)	(8,611,381)

Balance at 31 March 2025	125	4,990,800	3,657,466	8,648,391	-	(8,611,381)	(8,611,381)	37,010

Charleywood Property LLP
Notes to the Accounts
for the year ended 31 March 2025

1	General Information

	The LLP is a limited liability partnership and is registered in England and Wales.
	Registered number: OC388666
	Registered office: C/o a2e Industries Limited, 1 Marsden Street, Manchester, M2 1HW.

2	Accounting Policies

	2.1 Basis of preparation of financial statements

	The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting polices and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

	The following principal accounting policies have been applied:

	2.2 Going Concern

	The members have taken due regard to the impact of current economic environment and have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future to continue as a going concern.

	The members of the LLP have undertaken a financial review and are satisfied that all future rental obligations can be met. As a result the members believe the LLP is able to settle its liabilities as they fall due and as such the financial statements have been prepared on a going concern basis.

	2.3 Turnover

	Turnover comprises revenue recognised by the LLP in respect of rent and service charges during the year, exclusive of Value Added Tax.

	2.4 Operating leases: the LLP as lessor

	Rental income from operating leases is credited to the Statement of Comprehensive Income on a straight-line basis over the lease term.

	2.5 Interest income

	Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

	2.6 Borrowing costs

	All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.

	2.7 Taxation

	The taxation payable on the LLP's profits is the personal liability of the members during the year and consequently neither taxation nor relate deferred taxation are accounted for in relation to the LLP. Amounts retained for tax are treated in the same way as other profits of the LLP and are so included in "Member' interests" or "Loans and other debts due to members" depending on whether or not division of profits has occurred.

	2.8 Investment Property

	Investment property is carried at fair value determined annually by the members and derived from the current market rented 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. Changes in fair value are recognised in the Statement of Comprehensive Income.

	2.9 Debtors

	Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

	2.10 Cash and cash equivalents

	Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more that 24 hours. Cash equivalents are highly liquid investments that mature in no more than 3 months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

	2.11 Creditors

	Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

	2.12 Financial instruments

	The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

	Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors , are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

	Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

	For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under contract.

	For financial assets measured at cost less impairment, the impairment loss is measured as at the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount the LLP would receive for the asset if it were to be sold at the reporting date.

	Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an 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.

3	Information in relation to members

	The LLP has no employees and the members did not receive any remuneration in the year (2023: £nil).



4	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	-		-

5	Investment Property
Investment
property			Total
£			£
	Valuation
	At 1 April 2024	8,040,000		8,040,000
	Disposals	(8,040,000)		(8,040,000)

	Net book value
	At 31 March 2025	-		-



6	Debtors	2025		2024
£			£

	Amounts owed by related parties	-		-
	Other debtors	2,247		7,547
	Amounts due from members	8,611,381		617,395
		8,613,628		624,942

7	Creditors: Amounts falling due within one year

		2025		2024
£			£

	Bank loans	-		57,373
	Accounts payable	-		38,910
	Amount owed to related parties	-		100,200
	Other creditors	-		92,000
	Accruals and deferred income	-		192,295
		-		480,778





8	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	-		3,174,678





9	Loans	2025		2024
£			£

	Amounts falling due within one year
	Bank loans	-		57,373

	Amounts falling due 1-2 years
	Bank loans	-		59,579

	Amounts falling due 2-5 years
	Bank loans	-		408,707

	Amounts falling due after more than 5 years	-		2,763,764
	Bank loans
		-		3,289,423


10	Financial guarantee

	The are no financial guarantees.

11	Commitments under operating leases
£			£

	Not later than one year	-		-



12	Related party transactions


	Also included within amounts owed by members is amounts due from a2e Industries Limited of £129,000 (2024: £129,000). The amount relates to a loan balance which bears no interest and is repayable on demand. Included within amounts due from members, are amounts due from S A Amiri of £8,081,696 (2024: £363,506) and amounts due form W R J Rawkins of £400,684 (2024: £124,889).