Francis Property Lettings LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC427960 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

FRANCIS PROPERTY LETTINGS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P A Francis FCCA

L K Francis FCCA

REGISTERED OFFICE:

Energique

Anstey Lane

Alton

Hampshire

GU34 2NB

REGISTERED NUMBER:

OC427960 (England and Wales)

ACCOUNTANTS:

Tiakyfee Consultants Ltd

5 Dukes Close

Alton

Hampshire

GU34 1PH

FIXED ASSETS

Investment property

4

2,385,000

CURRENT ASSETS

Debtors

5

7,250

27,647

Cash at bank

4,431

5,282

11,681

32,929

CREDITORS

Amounts falling due within one year

6

47,515

18,815

NET CURRENT (LIABILITIES)/ASSETS

(35,834

)

14,114

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,349,166

2,399,114

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

929,569

979,517

MEMBERS' OTHER INTERESTS

Fair value reserve

1,419,597

2,349,166

2,399,114

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

929,569

979,517

Members' other interests

1,419,597

2,349,166

2,399,114

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 2026.

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 23 April 2026 and were signed by:

P A Francis FCCA - Designated member

1.	STATUTORY INFORMATION

Francis Property Lettings 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

2,385,000

NET BOOK VALUE

At 31 March 2026

2,385,000

At 31 March 2025

2,385,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2020

1,550,054

Valuation in 2023

(130,457

)

Cost

965,403

2,385,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.26

31.3.25

£

Cost

965,403

Investment properties were valued on a fair value basis on 31 March 2026 by the designated members .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Other debtors

7,250

27,647

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Other creditors

47,515

18,815

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and Other Debts due to Members represent allocated profits not yet paid to members, they are due within 1 year and would rank after unsecured creditors in the event of a winding up.