REGISTERED NUMBER: OC452381 (England and Wales)

REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE PERIOD 22 MAY 2024 TO 31 MARCH 2025

FOR

ROBERT WILLIAM DAVIES LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

R W Davies

M H F Davies

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

OC452381 (England and Wales)

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

Winchmore Hill

London

N21 3NA

The members present their report with the financial statements of the LLP for the period 22 May 2024 to 31 March 2025.

INCORPORATION

The LLP was incorporated on 22 May 2024 and commenced trading on the same date.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the period under review was that of renting properties.

DESIGNATED MEMBERS

The designated members during the period under review were:

R W Davies

M H F Davies

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS

The loss for the period before members' remuneration and profit shares was £15,118.

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

R W Davies - Designated member

24 April 2026

REVENUE

84,500

Administrative expenses

27,184

OPERATING PROFIT

57,316

Interest payable and similar expenses

72,434

LOSS FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(15,118

)

FIXED ASSETS

Investment property

4

2,725,000

CURRENT ASSETS

Debtors

5

2,872

Cash at bank

65,806

68,678

CREDITORS

Amounts falling due within one year

6

1,680

NET CURRENT ASSETS

66,998

TOTAL ASSETS LESS CURRENT LIABILITIES

2,791,998

CREDITORS

Amounts falling due after more than one year

7

2,736,330

NET ASSETS ATTRIBUTABLE TO MEMBERS

55,668

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

55,668

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

55,668

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 period ended 31 March 2025.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 24 April 2026 and were signed by:

M H F Davies - Designated member

1.	STATUTORY INFORMATION

Robert William Davies LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the LLP's accounting policies, the member is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

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

Revenue represents the value of rental income chargeable in respect of the company's investment property.

Revenue is recognised evenly over the period of the rental agreement.

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.

Investment property, which is property held to earn rentals, 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 date. 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 period was 2 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 22 May 2024

and 31 March 2025

2,725,000

NET BOOK VALUE

At 31 March 2025

2,725,000

At 21 May 2024

2,725,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

2,872

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Accrued expenses

1,680

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans more 5 yrs non-inst

1,330,334

Loan notes 0.5% p.a. - L J F D

702,998

Loan notes 0.5% p.a. - M H F D

702,998

2,736,330

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,330,334

Loan notes 0.5% p.a. - L J F D

702,998

Loan notes 0.5% p.a. - M H F D

702,998

2,736,330

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

1,330,334

The bank loan is secured by way of fixed and floating charges on the property of the company and contains a negative pledge.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank only to R W Davies with debts due to unsecured creditors in the event of a winding up.