Limited Liability Partnership registration number OC369435 (England and Wales)
Hollybank Commercial LLP
Annual report and unaudited financial statements
For the year ended 31 March 2026
Hollybank Commercial LLP
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Hollybank Commercial LLP
Statement Of Financial Position
As at 31 March 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investment property
4
1,230,000
1,230,000
Current assets
Debtors
5
-
1,102
Cash at bank and in hand
31,199
30,128
31,199
31,230
Creditors: amounts falling due within one year
6
(13,968)
(15,054)
Net current assets
17,231
16,176
Total assets less current liabilities and net assets attributable to members
1,247,231
1,246,176
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
532,612
531,557
Members' other interests
Members' capital classified as equity
714,619
714,619
1,247,231
1,246,176

For the financial year ended 31 March 2026 the limited liability partnership 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 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

T he members of the limited liability partnership have elected not to include a copy of the income statement within the financial statements.

The financial statements were approved by the members and authorised for issue on 16 June 2026 and are signed on their behalf by:
16 June 2026
P S Mitchell
Designated member
Limited Liability Partnership registration number OC369435 (England and Wales)
Hollybank Commercial LLP
Notes to the financial statements
For the year ended 31 March 2026
- 2 -
1
Accounting policies
Limited liability partnership information

Hollybank Commercial LLP is a limited liability partnership incorporated in England and Wales. The registered office is 5 Gledhow Lane, Oakwood, Leeds, LS8 1SD.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Basis of preparation

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statement have been prepared under the historical cost convention as modified by the revaluation of certain assets. The principal accounting policies adopted are set out below.

1.2
Turnover

Rents receivable under operating leases are included within turnover on a straight-line basis over the lease term.

Consultancy income is included in turnover when the LLP has earned the right to the consideration.

1.3
Investment property

Investment property is measured at cost on initial recognition. Thereafter, investment properties are measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss for the reporting period.

1.4
Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Hollybank Commercial LLP
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the limited liability partnership after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5

Members' remuneration

Members' remuneration is shown as an allocation of profits in the Reconciliation of Members' Interests and is not treated as an expense in the profit and loss account.

2
Judgements and key sources of estimation uncertainty

In the application of the limited liability partnership’s accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Valuation of investment property

Investment property is included on the balance she et at fair value. The fair value is arrived at on the basis of valuations carried out by the members.

3
Employees

The average number of persons (excluding members) employed by the partnership during the year was: NIL (2025 - NIL).

Hollybank Commercial LLP
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 4 -
4
Investment property
2026
£
Fair value
At 1 April 2025 and 31 March 2026
1,230,000

The investment property was valued on an open market basis on 31 March 2026 by a member, P S Mitchell RIBA. The valuation is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific property.

5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
-
1,102
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
7,368
8,434
Taxation and social security
3,900
3,920
Other creditors
2,700
2,700
13,968
15,054
7
Loans and other debts due to members

Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up (there is no protection in respect of members' interests). There are no restrictions or limitations on the ability of members to reduce the amount of members' other interests.

8
Related party disclosures

Members of the Limited Liability Partnership

Total amounts due to and from members can be seen in the members' interest section at the bottom of the balance sheet. Loans to members are interest free and repayable on demand.

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