Number One Portsmouth LLP - LLP accounts 24.3

REGISTERED NUMBER: OC367148 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

NUMBER ONE PORTSMOUTH LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

R Gamlen

Mrs B E Gamlen

REGISTERED OFFICE:

Beacon House

South Road

Weybridge

Surrey

KT13 9DZ

REGISTERED NUMBER:

OC367148 (England and Wales)

ACCOUNTANTS:

Pembroke Briggs Chartered Accountants

Beacon House

South Road

Weybridge

Surrey

KT13 9DZ

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

PRINCIPAL ACTIVITY

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

DESIGNATED MEMBERS

The designated members during the year under review were:

R Gamlen

Mrs B E Gamlen

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £NIL (2024 - £NIL profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

R Gamlen - Designated member

26 May 2026

TURNOVER

-

OPERATING PROFIT and

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

-

CURRENT ASSETS

Debtors

4

3,488,913

Cash at bank

48

3,488,961

CREDITORS

Amounts falling due within one
year

5

3,438,961

NET CURRENT ASSETS

50,000

TOTAL ASSETS LESS
CURRENT LIABILITIES

50,000

CREDITORS

Amounts falling due after more
than one year

6

50,000

NET LIABILITIES
ATTRIBUTABLE TO MEMBERS

-

LOANS AND OTHER DEBTS DUE
TO MEMBERS

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

4

(3,474,936

)

(3,474,936

)

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 August 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 26 May 2026 and were signed by:

R Gamlen - Designated member

1.	STATUTORY INFORMATION

Number One Portsmouth 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.

3.	EMPLOYEE INFORMATION

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.8.25

31.8.24

£

Other debtors

3,488,913

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.8.25

31.8.24

£

Trade creditors

135,444

Other creditors

3,303,517

3,438,961

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR

31.8.25

31.8.24

£

Bank loans

50,000