AGWF Property LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC331408 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

AGWF PROPERTY LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Invicta Estates Limited

A R Goldsmith

Prestigic Holdings Limited

REGISTERED OFFICE:

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

REGISTERED NUMBER:

OC331408 (England and Wales)

CURRENT ASSETS

Debtors

4

2,714,011

Cash at bank

9,772

9,167

2,723,783

2,723,178

CREDITORS

Amounts falling due within one year

5

16,784

15,619

NET CURRENT ASSETS

2,706,999

2,707,559

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,706,999

2,707,559

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

2,706,999

2,707,559

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

2,706,999

2,707,559

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 19 January 2026 and were signed by:

Invicta Estates Limited - Designated member

1.	STATUTORY INFORMATION

AGWF Property 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.

3.	EMPLOYEE INFORMATION

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

2,714,011

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other creditors

16,784

15,619

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' other interests rank after unsecured creditors, and loans and other debts due to members rank pari passu with unsecured creditors in the event of winding up.

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Invicta estates Limited, a member of the LLP. The ultimate controlling party is Cedardrive Limited, which is controlled by Messrs W S and the estate of E S Fattal.

8.	PRIOR SHARE OF PROFITS

In accordance with the terms set out in the Limited Liability Partnership Agreement there should be a prior share charged each year against the profits or losses arising both before and following the sale of properties.

It has been brought to the attention of the Members that the prior share has not been accounted for appropriately. At the date of signing these accounts the quantum of this prior share has not been determined.

Invicta Estates Limited reserve their contractual rights to be credited with the prior shares of profits which may ultimately prove due to them.

9.	JOINT VENTURE AGREEMENT

The Minority Members are responsible for producing the accounts and the Majority Member had relied upon them to do so. To the extent that the terms of the Limited Liability Agreement entered into on 28 January 2009 are inconsistent with and/or conflict with any of the rights and obligations of Consortium Commercial Developments Limited a sister company of Invicta Estates Limited, then the terms of the Joint Venture Agreement entered into on 12 March 2007 will apply in all respects.

It has since been established that Mr Goldsmith FRICS at all material times and a minority member had withheld a critical document that was fatal to his claim against Brabners and he must personally bear both his costs together with the costs borne by the majority in establishing these facts on an indemnity basis.

These liabilities estimated to be in excess of £200,000 have not been reflected in these accounts.

It has also been established that the chartered accountant engaged by the minority member ever since 1998 complied in all respects with the instructions of Mr Goldsmith a fact admitted by Mr Goldsmith by 2019.The extent of malaccounting for the LLP is unknown.