ACCOUNTS - Final Accounts

Registered number: OC400943

13-17 RED LION SQUARE LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

13-17 RED LION SQUARE LLP

REGISTERED NUMBER: OC400943

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

		2025		2024
		£		£

Fixed assets
Tangible assets	4		1,865		3,296
			1,865		3,296
Current assets
Stocks		16,457,947		16,411,945
Debtors: amounts falling due within one year	5	124,464		119,308
Cash at bank and in hand	6	17,968		29,619
		16,600,379		16,560,872
Creditors: amounts falling due within one year	7	(2,874,366)		(2,139,165)
Net current assets			13,726,013		14,421,707
Total assets less current liabilities			13,727,878		14,425,003

Creditors: amounts falling due after more than one year	8		(14,117,915)		(14,124,125)


Net (liabilities)/assets			(390,037)		300,878

Capital and reserves
Loans and other debts due to members within one year
Other amounts	9		(3,390,037)		(2,699,122)
			(3,390,037)		(2,699,122)
Members' other interests
Members' capital classified as equity		3,000,000		3,000,000
			3,000,000		3,000,000
			(390,037)		300,878

Total members' interests
Loans and other debts due to members	9		(3,390,037)		(2,699,122)
Members' other interests			3,000,000		3,000,000
			(390,037)		300,878

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13-17 RED LION SQUARE LLP

REGISTERED NUMBER: OC400943

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 AUGUST 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 26 May 2026.

Silversign Limited

Designated member

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		13-17 RED LION SQUARE LLP

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 AUGUST 2025


	EQUITY Members' other interests			DEBT Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Other amounts	Total	Total
	£	£	£	£	£	£
Amounts due to members				(2,699,122)	(2,699,122)
Loss for the year available for discretionary division among members	-	(690,915)	(690,915)	-	-	(690,915)
Members' interests after profit for the year	3,000,000	(690,915)	2,309,085	(2,699,122)	(2,699,122)	(390,037)
Other division of losses	-	690,915	690,915	(690,915)	(690,915)	-
Amounts due to members				(3,390,037)	(3,390,037)
Balance at 31 August 2025	3,000,000	-	3,000,000	(3,390,037)	(3,390,037)	(390,037)

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

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13-17 RED LION SQUARE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

13-17 Red Lion Square LLP is a limited liability partnership registered in England and Wales. The address of its registered office is The Office Inglewood Mansions, 289 West End Lane, London, NW6 1RE.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At the reporting date the LLP had net liabilities of £390,037 and is dependent on the support of its members who have confirmed their intention to support the LLP. As a result the members believe it is appropriate to prepare the accounts on the going concern basis. The financial statements do not include adjustments that would result from the withdrawal of this financial support.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

-

33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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13-17 RED LION SQUARE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.6

Stocks

Properties held in stock are valued at the lower of cost and net realisable value.

2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9

Creditors

Short term creditors are measured at the transaction price.

3.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 September 2024	7,657
	At 31 August 2025	7,657
	Depreciation
	At 1 September 2024	4,361
	Charge for the year on owned assets	1,431
	At 31 August 2025	5,792
	Net book value
	At 31 August 2025	1,865
	At 31 August 2024	3,296

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13-17 RED LION SQUARE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

5.

Debtors

					2025	2024
					£	£


	Trade debtors	93,917	91,048
	Other debtors	8,404	8,994
	Prepayments and accrued income	22,143	19,266
		124,464	119,308

6.	Cash and cash equivalents
					2025	2024
					£	£

	Cash at bank and in hand	17,968	29,619
		17,968	29,619

7.	Creditors: Amounts falling due within one year
					2025	2024
					£	£

	Bank loans	6,210	6,210
	Trade creditors	22,830	66,309
	Other taxation and social security	6,491	18,792
	Other creditors	2,004,125	1,411,587
	Accruals and deferred income	834,710	636,267
		2,874,366	2,139,165

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13-17 RED LION SQUARE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

8.	Creditors: Amounts falling due after more than one year
					2025	2024
					£	£

	Bank loans	11,617,915	11,624,125
	Other loans	2,500,000	2,500,000
		14,117,915	14,124,125

Bank loans and other loans includes amounts from Investec Bank PLC and Krodom Investments Limited, which has been secured by way of a fixed and floating charge on the assets of the LLP.

9.	Loans and other debts due to members

					2025	2024
					£	£


	Other amounts due to members	(3,390,037)	(2,699,122)
		(3,390,037)	(2,699,122)

Loans and other debts due to members may be further analysed as follows:

					2025	2024
					£	£


	Falling due within one year	(3,390,037)	(2,699,122)
		(3,390,037)	(2,699,122)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

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