Silverleaf Investments 2 LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC395309 (England and Wales)

SILVERLEAF INVESTMENTS 2 LLP

Unaudited Financial Statements

For The Year Ended 31 March 2025

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Silver Leaf Developments Ltd

J Owens

R Owens

REGISTERED OFFICE:

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

REGISTERED NUMBER:

OC395309 (England and Wales)

ACCOUNTANTS:

Hilden Park Accountants Limited

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

FIXED ASSETS

Tangible assets

4

-

Investment property

5

4,535,000

CURRENT ASSETS

Debtors

1,242,889

1,231,375

Cash at bank

16,027

7,498

1,258,916

1,238,873

CREDITORS

Amounts falling due within one year

490,016

489,742

NET CURRENT ASSETS

768,900

749,131

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,303,900

5,284,131

CREDITORS

Amounts falling due after more than one year

6

3,024,274

NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,279,626

2,259,857

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

667,515

647,746

MEMBERS' OTHER INTERESTS

Revaluation reserve

8

1,612,111

2,279,626

2,259,857

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

667,515

647,746

Members' other interests

1,612,111

Amounts due from members

(696,484

)

(684,970

)

1,583,142

1,574,887

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 22 May 2026 and were signed by:

J Owens - Designated member

1.	STATUTORY INFORMATION

Silverleaf Investments 2 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 value of the consideration received or receivable, net of discounts and value added taxes, from the rendering of construction services. Turnover is recognised according to the stage of completion of the contract. The stage of completion of a contract if measured by comparing the costs incurred for work performed to date to the total estimated costs of completing the contract. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Rental income from investment property leased out under operating leases is recognised in the income statement on a straight-line basis over the term of the lease.

Tangible fixed assets

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

Computer equipment

-

33% straight line

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.

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.

Turnover

Turnover is measured at the value of the consideration received or receivable, net of discounts and value added taxes, from the rendering of construction services. Turnover is recognised according to the stage of completion of the contract. The stage of completion of a contract if measured by comparing the costs incurred for work performed to date to the total estimated costs of completing the contract. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Rental income from investment property leased out under operating leases is recognised in the income statement on a straight-line basis over the term of the lease.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

150

DEPRECIATION

At 1 April 2024

and 31 March 2025

150

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

4,535,000

NET BOOK VALUE

At 31 March 2025

4,535,000

At 31 March 2024

4,535,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

2,855,319

Valuation in 2020

(748,186

)

Valuation in 2022

203,061

Valuation in 2023

(502,568

)

Valuation in 2024

(195,515

)

Cost

2,922,889

4,535,000

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

3,024,274

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests.

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

1,612,111