REGISTERED NUMBER: OC421436 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

NBC Family Partnership LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Ms C A Bauer

NBC Family Holdings Limited

Ms N E Pope

REGISTERED OFFICE:

C/O OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Billingham

Co. Durham

TS23 4EA

REGISTERED NUMBER:

OC421436 (England and Wales)

ACCOUNTANTS:

OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Coxwold Way

Billingham

Co. Durham

TS23 4EA

FIXED ASSETS

Tangible assets

4

9,122,042

9,127,042

CURRENT ASSETS

Debtors

5

307,884

36,534

Cash at bank

38,895

31,802

346,779

68,336

CREDITORS

Amounts falling due within one year

6

(942,421

)

(664,976

)

NET CURRENT LIABILITIES

(595,642

)

(596,640

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,526,400

8,530,402

CREDITORS

Amounts falling due after more than one year

7

(5,508,730

)

(5,713,780

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,017,670

2,816,622

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

3,017,670

2,816,622

3,017,670

2,816,622

TOTAL MEMBERS' INTERESTS

Members' other interests

3,017,670

2,816,622

Amounts due from members

5

(291,800

)

(32,731

)

2,725,870

2,783,891

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

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 23rd June 2026 and were signed by:

Ms N E Pope - Designated member

1.	STATUTORY INFORMATION

NBC 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.

Freehold property

-

in accordance with the property

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 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1st April 2024

9,127,042

Disposals

(320,000

)

Revaluations

315,000

At 31st March 2025

9,122,042

NET BOOK VALUE

At 31st March 2025

9,122,042

At 31st March 2024

9,127,042

Cost or valuation at 31st March 2025 is represented by:

Freehold

property

£

Valuation in 2020

(343,500

)

Valuation in 2022

66,700

Valuation in 2023

251,000

Valuation in 2024

5,000

Valuation in 2025

315,000

Cost

8,827,842

9,122,042

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts due from members

291,800

32,731

Other debtors

16,084

3,803

307,884

36,534

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Social security and other taxes

(564

)

495

Other creditors

641,185

654,481

Accrued expenses

291,800

-

942,421

664,976

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bounceback loan > 1 yr

1,911

11,911

Mortgages

5,236,819

5,431,869

Loans over one year

270,000

270,000

5,508,730

5,713,780

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgages

5,236,819

5,431,869