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Registered number: OC325445 FORESHAW PROPERTY LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR For the year ended 31 March 2025
FORESHAW PROPERTY LLP Registered number: OC325445 BALANCE SHEET As at 31 March 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 3 |  | 289,245 |  | 297,108
|  |  | 289,245 |  | 297,108
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 128,804 |  | 107,020 |
Cash at bank and in hand | 5 | 42,654 |  | 36,298 |
|  | 171,458 |  | 143,318 |
Total assets less current liabilities |  |  | 460,703 |  | 440,426
Creditors: amounts falling due after more than one year | 6 |  | (142,475) |  | (142,475)
|  |  | 318,228 |  | 297,951
Net assets |  |  | 318,228 |  | 297,951
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Members' capital classified as a liability |  |  | 101,629 |  | 101,629
Other amounts | 8 |  | 216,599 |  | 196,322
|  |  | 318,228 |  | 297,951
|  |  | 318,228 |  | 297,951
Total members' interests |  |  |  |  |
Loans and other debts due to members | 8 |  | 318,228 |  | 297,951
|  |  | 318,228 |  | 297,951
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The entity 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. 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. Page 1
FORESHAW PROPERTY LLP Registered number: OC325445 BALANCE SHEET (CONTINUED) As at 31 March 2025 The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the members and were signed on their behalf on 30 January 2026.
J D Hone Esq
Designated member
The notes on pages 3 to 7 form part of these financial statements. Foreshaw Property LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity. Page 2
FORESHAW PROPERTY LLP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025
1. | General information
Foreshaw Property LLP is a limited liability partnership, incorporated in England and Wales. The registered office address of the partnership is 2 Robin Hood Cottages, St Pauls Wood Hill, Chislehurst, Kent, BR5 2SP. The principal activity of the partnership is to invest in and develop property. 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 policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover comprises revenue recognised by the LLP in respect of rental income received during the year, exclusive of Value Added Tax and trade discounts.
| 2.3 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.5 | Division and distribution of profits
A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period. An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making. The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .
| 2.6 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 3
FORESHAW PROPERTY LLP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 2.Accounting policies (continued)
| 2.6 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 2% | straight-line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.7 | 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.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Page 4
FORESHAW PROPERTY LLP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025
3. | Tangible fixed assets
|  | Freehold property
|  | £
| Cost or valuation |
| At 1 April 2024 | 393,130
| At 31 March 2025 | 393,130
| Depreciation |
| At 1 April 2024 | 96,022
| Charge for the year | 7,863
| At 31 March 2025 | 103,885
| Net book value |
| At 31 March 2025 | 289,245
| At 31 March 2024 | 297,108
| The net book value of land and buildings may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Freehold | 289,245 | 297,108
|  | 289,245 | 297,108
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FORESHAW PROPERTY LLP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025
4. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 83,504 | 61,720
| Called up share capital not paid | 45,300 | 45,300
|  | 128,804 | 107,020
5. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 42,654 | 36,298
|  | 42,654 | 36,298
6. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 142,475 | 142,475
|  | 142,475 | 142,475
| Secured creditors The bank loans are secured on the properties for which the loan relates.
7. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due after more than 5 years |  |
| Bank loans | 142,475 | 142,475
|  | 142,475 | 142,475
Page 6
FORESHAW PROPERTY LLP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025
8. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Members' capital treated as debt | (101,629) | (101,629)
| Other amounts due to members | (216,599) | (196,322)
|  | (318,228) | (297,951)
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Falling due after more than one year | (318,228) | (297,951)
|  | (318,228) | (297,951)
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
Page 7