Limited Liability Partnership registration number OC450529 (England and Wales)
AUSTRIN RENTALS LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD 8 JANUARY 2024 TO 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
AUSTRIN RENTALS LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
AUSTRIN RENTALS LLP
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
Notes
£
£
Fixed assets
Investment property
4
4,420,000
Investments
5
805,000
5,225,000
Current assets
Cash at bank and in hand
42,402
Creditors: amounts falling due within one year
6
(3,060)
Net current assets
39,342
Total assets less current liabilities and net assets attributable to members
5,264,342
Represented by:
Loans and other debts due to members within one year
7
Amounts due in respect of profits
39,342
Other amounts
5,221,999
5,261,341
Members' other interests
7
Members' capital classified as equity
3,001
5,264,342

For the financial period ended 31 January 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 27 January 2026 and are signed on their behalf by:
27 January 2026
Wray Austrin
Designated member
Limited Liability Partnership registration number OC450529 (England and Wales)
AUSTRIN RENTALS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Limited liability partnership information

Austrin Rentals LLP is a limited liability partnership incorporated in England and Wales. The registered office is 166 College Road, Harrow, Middlesex, HA1 1RA.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Reporting period

This is the first time the limited liability partnership has presented its financial statements since its incorporation. Hence the financial statements presented are for the period of more than twelve months with no comparatives.

1.2
Basis of preparation

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover represents the amounts receivable for property rental services.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Unlisted equity investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and a ny impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.6
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.

Financial assets and liabilities are offset and 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 measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

AUSTRIN RENTALS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, are 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.

2
Employees

The average number of persons (excluding members) employed by the partnership during the period was:

2025
Number
Total
0
3
Information in relation to members
2025
Number
Average number of members during the period
4
4
Investment property
2025
£
Fair value
At 8 January 2024
-
Additions through external acquisition
4,620,000
Disposals
(200,000)
At 31 January 2025
4,420,000

The investment properties were acquired by the limited liability partnership on 28 March 2024.

In the opinion of the members, the fair value of the investment properties are not materially different to the value of the properties when acquired.

AUSTRIN RENTALS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
- 4 -
5
Fixed asset investments
2025
£
Shares in group undertakings and participating interests
805,000
Movements in fixed asset investments
Shares in J&C Properties (Norfolk) Limited
£
Cost or valuation
At 8 January 2024
-
Additions
805,000
At 31 January 2025
805,000
Carrying amount
At 31 January 2025
805,000
6
Creditors: amounts falling due within one year
2025
£
Other creditors
3,060
AUSTRIN RENTALS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
- 5 -
7
Reconciliation of Members' Interests
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other reserves
Total
Other amounts
Total
Total
2025
£
£
£
£
£
£
Members' interests at 8 January 2024
-
-
-
-
-
-
Profit for the period available for discretionary division among members
-
27,514
27,514
-
-
27,514
Members' interests after profit for the period
-
27,514
27,514
-
-
27,514
Allocation of profit for the period
-
(27,514)
(27,514)
27,514
27,514
-
Introduced by members
3,001
-
3,001
5,421,999
5,421,999
5,425,000
Repayment of debt (including members' capital classified as a liability)
-
-
-
(200,000)
(200,000)
(200,000)
Other movements
-
-
-
11,828
11,828
11,828
Members' interests at 31 January 2025
3,001
-
3,001
5,261,341
5,261,341
5,264,342
AUSTRIN RENTALS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
- 6 -
8
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.

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