Langcliffe Mill LLP LLP accounts

REGISTERED NUMBER: OC454235

Langcliffe Mill LLP

Unaudited Financial Statements

31 December 2025

Langcliffe Mill LLP

Financial Statements

Period from 1 November 2024 to 31 December 2025

Contents	Page

Members' report	1

Chartered accountant's report to the members on the preparation of the unaudited statutory financial statements	2

Statement of income and retained earnings	3

Statement of financial position	4

Reconciliation of members' interests	6

Notes to the financial statements	7

Langcliffe Mill LLP

Members' Report

Period from 1 November 2024 to 31 December 2025

The members present their report and the unaudited financial statements of the LLP for the Period ended 31 December 2025 .

Principal activities

The principal activity of the company during the year was property investment.

Designated members

The designated members who served the LLP during the Period were as follows:

Mr B Coultherd
Mrs E Tierney Coultherd

Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.

This report was approved by the members on 22 April 2026 and signed on behalf of the members by:

Mr B Coultherd

Designated Member

Registered office:

Unit 1

Sowarth Field Industrial Estate

Settle

North Yorkshire

England

BD24 9AG

Langcliffe Mill LLP

Chartered Accountant's Report to the Members on the Preparation of the Unaudited Statutory Financial Statements of Langcliffe Mill LLP

Period from 1 November 2024 to 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Langcliffe Mill LLP for the Period ended 31 December 2025, which comprise the statement of income and retained earnings, statement of financial position, reconciliation of members' interests and the related notes from the LLP's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the members of Langcliffe Mill LLP, as a body, in accordance with the terms of our engagement letter dated 25 October 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Langcliffe Mill LLP and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Langcliffe Mill LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Langcliffe Mill LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Langcliffe Mill LLP. You consider that Langcliffe Mill LLP is exempt from the statutory audit requirement for the Period. We have not been instructed to carry out an audit or a review of the financial statements of Langcliffe Mill LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

WINDLE & BOWKER LTD Chartered accountants

Windle and Bowker Limited Croft House Station Road Barnoldwck Lancashire BB18 5NA

22 April 2026

Langcliffe Mill LLP

Statement of Income and Retained Earnings

Period from 1 November 2024 to 31 December 2025

	Period from
	1 Nov 24 to
	31 Dec 25
Note	£

Distribution costs		548
Administrative expenses		55,761
Other operating income		58,000
		--------
Operating profit	4	1,691

Interest payable and similar expenses	33,136
	--------
Loss for the financial Period before members' remuneration and profit shares available for discretionary division among members	(31,445)
	--------

All the activities of the LLP are from continuing operations.

Langcliffe Mill LLP

Statement of Financial Position

31 December 2025

	31 Dec 25
Note	£

Fixed assets

Tangible assets	5	1,236,517

Current assets

Debtors	6	4,309
Cash at bank and in hand		8,515
		--------
		12,824

Creditors: amounts falling due within one year	7	74,350
		--------
Net current liabilities		61,526
		------------
Total assets less current liabilities		1,174,991

Creditors: amounts falling due after more than one year	8	633,394
		------------
Net assets		541,597
		------------

Represented by:

Loans and other debts due to members

Other amounts	9	541,597
		---------

Members' other interests

Other reserves	–
	---------
	541,597
	---------

Total members' interests

Loans and other debts due to members	9	541,597
Members' other interests		–
		---------
		541,597
		---------

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the Period ending 31 December 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) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

Langcliffe Mill LLP

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the members and authorised for issue on 22 April 2026 , and are signed on their behalf by:

Mr B Coultherd

Designated Member

Registered number: OC454235

Langcliffe Mill LLP

Reconciliation of Members' Interests

Period from 1 November 2024 to 31 December 2025

	Members' other interests		Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Other reserves	Total	Other amounts	Total	Total 31 Dec 25
	£	£	£	£	£
Balance at 1 November 2024	–	–	–	–	–
Loss for the financial period available for discretionary division among members	(31,445)	(31,445)			(31,445)
	--------	--------	----	----	--------
Members' interests after loss for the period	(31,445)	(31,445)	–	–	(31,445)
Other division of profits	31,445	31,445	(31,445)	(31,445)	–
Introduced by members		–	573,042	573,042	573,042
	--------	--------	---------	---------	---------
Balance at 31 December 2025	–	–	541,597	541,597	541,597
	--------	--------	---------	---------	---------

Langcliffe Mill LLP

Notes to the Financial Statements

Period from 1 November 2024 to 31 December 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is Unit 1, Sowarth Field Industrial Estate, Settle, North Yorkshire, BD24 9AG, England.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of income and retained earnings in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of income and retained earnings and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of income and retained earnings within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

	Plant and machinery	-	25% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.

4.	Operating profit

Operating profit or loss is stated after charging:

	Period from
	1 Nov 24 to
	31 Dec 25
	£
Depreciation of tangible assets	548
	----

5.	Tangible assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 November 2024	–	–	–
Additions	1,229,135	7,930	1,237,065
	------------	-------	------------
At 31 December 2025	1,229,135	7,930	1,237,065
	------------	-------	------------
Depreciation
At 1 November 2024	–	–	–
Charge for the period	–	548	548
	------------	-------	------------
At 31 December 2025	–	548	548
	------------	-------	------------
Carrying amount
At 31 December 2025	1,229,135	7,382	1,236,517
	------------	-------	------------

Included within the above is investment property as follows:

	£
At 1 November 2024	–
Additions	1,229,135
	------------
At 31 December 2025	1,229,135
	------------

The investment property is valued at cost as the asset was bought in the Financial year and therefore the cost has been considered fair value.

6.	Debtors

	31 Dec 25
	£
Other debtors	4,309
	-------

7. Creditors: amounts falling due within one year

	31 Dec 25
	£
Bank loans and overdrafts	74,350
	--------

8. Creditors: amounts falling due after more than one year

	31 Dec 25
	£
Bank loans and overdrafts	633,394
	---------

Bank loans are secured by a fixed charge over the company’s freehold property, the carrying value of which is £1,229,135 shown as an investment property in the Tangible Assets.

9.	Loans and other debts due to members

	31 Dec 25
	£
Amounts owed to members in respect of profits	541,597
	---------

10.	Related party transactions

The company rents premises to Fire Hosetech Limited. The rent charged in the year was £58,000 at arms length and on a commercial basis. Fire Hosetech Limited is a member of Langcliffe Mill LLP . Mr B Coultherd is director of Fire Hosetech Limited and a member of Langcliffe Mill LLP .