Registered number
OC425064
Pemaliden Partnership LLP
Unaudited Filleted Accounts
5 April 2025

Pemaliden Partnership LLP
Registered number: | OC425064
Balance Sheet
as at 5 April 2025
Notes |  | 2025 |  | 2024
£ | £
Fixed assets
Investments | 3 |  | 3,312,000 |  | 3,312,000
Current assets |  |  |  |  |
Cash at bank and in hand |  |  | 9,436 |  | 5,730
Creditors: amounts falling due within one year | 4 |  | (7,770) |  | (2,877)
Net current assets |  |  | 1,666 |  | 2,853
Total assets less current liabilities |  |  | 3,313,666 |  | 3,314,853
Creditors: amounts falling due after more than one year | 5 |  | (810,148) |  | (849,430)
Net assets attributable to members | 2,503,518 |  | 2,465,423
Represented by:
Loans and other debts due to members | 6 |  | (59,200) |  | (57,200)
Members' other interests
Members' capital classified as equity |  |  | 2,358,251 |  | 2,358,251
Other reserves |  |  | 204,467 |  | 164,372
|  |  | 2,562,718 |  | 2,522,623
|  |  | 2,503,518 |  | 2,465,423
Total members' interests
Loans and other debts due to members | 6 |  | (59,200) |  | (57,200)
Members' other interests |  |  | 2,562,718 |  | 2,522,623
|  |  | 2,503,518 |  | 2,465,423
For the year ended 5 April 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 2 April 2026 and signed on their behalf by:
P F Wright
Designated member

Pemaliden Partnership LLP
Notes to the Accounts
for the year ended 5 April 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rental of the company's investment properties.
| Division of profits
| Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
| Taxation
| Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
| Investments
| Investment properties are measured at fair value. Changes in fair value are included in the profit and loss account.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Members' capital
| Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the LLP | 0 |  | 0
3 | Fixed asset investments
Other
investments
£
| Cost
| At 6 April 2024 | 3,312,000
| At 5 April 2025 | 3,312,000
4 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Other creditors | 7,770 |  | 2,877
5 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 810,148 |  | 849,430
6 | Loans and other debts due to members | 2025 |  | 2024
£ | £
| Amounts due to members in respect of profits | (59,200) |  | (57,200)
| Amounts falling due within one year | (59,200) |  | (57,200)
| Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 | Other information
| Pemaliden Partnership LLP is a limited liability partnership incorporated in England. Its registered office is:
| Rosedean House
| 4 Argyle Road
| Barnet
| Herts
| EN5 4DX

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