REGISTERED NUMBER: OC392646 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

LER PARTNERSHIP LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Professor D Bunn

London Energy Research Limited

REGISTERED OFFICE:

16 Bingham Place

LONDON

W1U 5AZ

REGISTERED NUMBER:

OC392646 (England and Wales)

ACCOUNTANTS:

Wells Associates

Ground Floor Oakhurst House

77 Mount Ephraim

Tunbridge Wells

Kent

TN4 8BS

FIXED ASSETS

Property, plant and equipment

4

2,402

3,203

Investment property

5

1,469,357

1,469,357

1,471,759

1,472,560

CURRENT ASSETS

Debtors

6

389

983

Cash at bank

215,848

183,985

216,237

184,968

CREDITORS

Amounts falling due within one year

7

(2,070

)

(1,991

)

NET CURRENT ASSETS

214,167

182,977

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,685,926

1,655,537

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

268,705

238,316

MEMBERS' OTHER INTERESTS

Capital accounts

1,417,221

1,417,221

1,685,926

1,655,537

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

268,705

238,316

Members' other interests

1,417,221

1,417,221

1,685,926

1,655,537

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 2026.

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 5 July 2026 and were signed by:

Professor D Bunn - Designated member

1.	STATUTORY INFORMATION

LER 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.

Turnover

Revenue 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.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

7,593

DEPRECIATION

At 1 April 2025

4,390

Charge for year

801

At 31 March 2026

5,191

NET BOOK VALUE

At 31 March 2026

2,402

At 31 March 2025

3,203

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,469,357

NET BOOK VALUE

At 31 March 2026

1,469,357

At 31 March 2025

1,469,357

The investment properties have been valued at 31 March 2024 by the members of the LLP, an independent expert has not been used. The valuation is considered to be the current market value for the investment properties concerned taking into account the current market conditions, the rental status of the properties and the income arising.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

389

983

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

-

1

Other creditors

2,070

1,990

2,070

1,991

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank pari passu with unsecured creditors.