Engadine Family Partnership LLP

REGISTERED NUMBER: OC436275 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mrs J M Strong

C M Strong

Engadine Homes Ltd

REGISTERED OFFICE:

c/o OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Tecnology Park

Billingham

TS23 4EA

REGISTERED NUMBER:

OC436275 (England and Wales)

ACCOUNTANTS:

OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Coxwold Way

Billingham

Co. Durham

TS23 4EA

The members present their report with the financial statements of the LLP for the year ended 31st March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property rentals.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mrs J M Strong

C M Strong

Engadine Homes Ltd

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £270,676 (2024 - £156,343 profit).

MEMBERS' INTERESTS

Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares during the year in which it is made, with the balance of profits being distributed after the year end, subject to the cash requirements of the business. Capital is repaid to members on resignation or retirement. Only those members who have contributed capital to the LLP are allocated losses, if the LLP declares a loss in a period.

ON BEHALF OF THE MEMBERS:

C M Strong - Designated member

12th May 2026

TURNOVER

444,006

431,161

Administrative expenses

(112,334

)

(158,950

)

331,672

272,211

Other operating income

2,195

(35,655

)

OPERATING PROFIT

4

333,867

236,556

Interest receivable and similar income

86

87

333,953

236,643

Interest payable and similar expenses

(63,277

)

(80,300

)

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

270,676

156,343

FIXED ASSETS

Tangible assets

5

4,972,535

5,317,141

CURRENT ASSETS

Debtors

6

6,044

-

Cash at bank

10,408

7,032

16,452

7,032

CREDITORS

Amounts falling due within one year

7

(78,134

)

(69,760

)

NET CURRENT LIABILITIES

(61,682

)

(62,728

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,910,853

5,254,413

CREDITORS

Amounts falling due after more than one year

8

(765,004

)

(1,177,599

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

4,145,849

4,076,814

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

MEMBERS' OTHER INTERESTS

Capital accounts

4,145,849

4,076,814

4,145,849

4,076,814

TOTAL MEMBERS' INTERESTS

Members' other interests

4,145,849

4,076,814

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 31st 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 12th May 2026 and were signed by:

C M Strong - Designated member

1.	STATUTORY INFORMATION

Engadine Family Partnership 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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

33% on cost

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2024 - 1 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

Depreciation - owned assets

405

264

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1st April 2024

5,317,000

801

5,317,801

Additions

-

799

Disposals

(345,000

)

-

(345,000

)

At 31st March 2025

4,972,000

1,600

4,973,600

DEPRECIATION

At 1st April 2024

-

660

Charge for year

-

405

At 31st March 2025

-

1,065

NET BOOK VALUE

At 31st March 2025

4,972,000

535

4,972,535

At 31st March 2024

5,317,000

141

5,317,141

The directors see no real benefit in revaluing the properties this year.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

6,044

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other creditors

51,139

56,683

Accruals and deferred income

26,995

13,077

78,134

69,760

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Mortgages

765,004

1,177,599

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Mortgages

765,004

1,177,599

Debts are secured against the assets they relate to.