Silverfin false false 30/04/2025 01/05/2024 30/04/2025 K Pender 06/12/2006 S Pender 06/12/2006 26 January 2026 The principal activity of the LLP during the financial year continued to be that of a property investment business. OC324451 2025-04-30 OC324451 bus:Director1 2025-04-30 OC324451 bus:Director2 2025-04-30 OC324451 2024-04-30 OC324451 core:CurrentFinancialInstruments 2025-04-30 OC324451 core:CurrentFinancialInstruments 2024-04-30 OC324451 core:Non-currentFinancialInstruments 2025-04-30 OC324451 core:Non-currentFinancialInstruments 2024-04-30 OC324451 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-04-30 OC324451 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-04-30 OC324451 2024-05-01 2025-04-30 OC324451 bus:FilletedAccounts 2024-05-01 2025-04-30 OC324451 bus:SmallEntities 2024-05-01 2025-04-30 OC324451 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 OC324451 bus:LimitedLiabilityPartnershipLLP 2024-05-01 2025-04-30 OC324451 bus:Director1 2024-05-01 2025-04-30 OC324451 bus:Director2 2024-05-01 2025-04-30 OC324451 2023-05-01 2024-04-30 OC324451 core:Non-currentFinancialInstruments 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure

Company No: OC324451 (England and Wales)

# SWILKEN PROPERTIES LLP

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH THE REGISTRAR

SWILKEN PROPERTIES LLP

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025

Contents

SWILKEN PROPERTIES LLP

## BALANCE SHEET

AS AT 30 APRIL 2025
SWILKEN PROPERTIES LLP

## BALANCE SHEET (continued)

AS AT 30 APRIL 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 773,250 |  | 1,324,391
|  | 773,250 |  | 1,324,391
Current assets |  |  |  |
Debtors | 4 | 6,057 |  | 13,147
|  | 6,057 |  | 13,147
Creditors: amounts falling due within one year | 5 | ( 27,019) |  | ( 159,937)
Net current liabilities |  | (20,962) |  | (146,790)
Total assets less current liabilities |  | 752,288 |  | 1,177,601
Creditors: amounts falling due after more than one year | 6 | ( 530,846) |  | ( 537,180)
Net assets attributable to members |  | 221,442 |  | 640,421
Represented by |  |  |  |
Members' other interests |  |  |  |
Revaluation reserve |  | 0 |  | 122,135
Other reserves |  | 221,442 |  | 518,286
|  | 221,442 |  | 640,421
|  | 221,442 |  | 640,421
Total members' interests |  |  |  |
Members' other interests |  | 221,442 |  | 640,421
|  | 221,442 |  | 640,421

For the financial year ending 30 April 2025 the LLP 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.

Members' responsibilities:

- The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Swilken Properties LLP (registered number: OC324451) were approved and authorised for issue by the Board of Directors on 26 January 2026. They were signed on its behalf by:

K Pender Designated member |

SWILKEN PROPERTIES LLP

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
SWILKEN PROPERTIES LLP

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Swilken Properties LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 23 Oldfield Road, Stoke Newington, London, N16 0RR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to LLPs subject to the small LLPs regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the LLP and rounded to the nearest £.

##### Turnover

Turnover represents rental income receivable during the year and is recognised when the right to receive payment arises.

##### Leases

The LLP as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

##### Financial instruments

Financial assets and financial liabilities are recognised when the LLP becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the LLP intends either 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, are measured at transaction price including transaction cost. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the LLP transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the LLP, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans 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.

Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons (excluding members) employed by the LLP during the year | 0 |  | 0

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 May 2024 | 1,324,391
Fair value movement | (551,141)
As at 30 April 2025 | 773,250

Valuation

A full market valuation of the investment property was completed by Carter Jonas during November 2025 and as a result of the valuation there was a decrease in the fair value. The Members feel that this valuation is also indicative of the fair value at 30 April 2025 and has been arrived at on the basis of valuations by external valuers having appropriate relevant professional qualifications and recent experience in the location and category of property being valued.

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by related parties | 0 |  | 13,147
Other debtors | 6,057 |  | 0
| 6,057 |  | 13,147

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to related parties | 11,125 |  | 0
Other creditors | 15,894 |  | 159,937
| 27,019 |  | 159,937

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 530,846 |  | 537,180

The LLP has a loan of £529,263 which is secured by a fixed charge over assets.