Limited Liability Partnership registration number OC318253 (England and Wales)
SHADSWORTH PROPERTY INVESTMENTS LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
SHADSWORTH PROPERTY INVESTMENTS LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
A D Greensmith
M C Greensmith
A A Rayner
LLP registration number
OC318253
Registered office
The Oil Centre
Bury New Road
Heap Bridge
Bury
Lancashire
United Kingdom
BL9 7HY
Accountants
Azets
Ship Canal House
98 King Street
Manchester
M2 4WU
Bankers
Barclays Bank PLC
PO Box 229
Navigation Way
Preston
Lancashire
United Kingdom
PR2 2XY
Solicitors
BBS Law Ltd
First Floor, The Edge
Clowes Street
Manchester
United Kingdom
M3 5NA
SHADSWORTH PROPERTY INVESTMENTS LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SHADSWORTH PROPERTY INVESTMENTS LLP
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investment property
3
1,510,000
1,510,000
Current assets
Debtors
4
36,568
1,177
Cash at bank and in hand
256,631
173,668
293,199
174,845
Creditors: amounts falling due within one year
5
(42,511)
(45,331)
Net current assets
250,688
129,514
Total assets less current liabilities and net assets attributable to members
1,760,688
1,639,514
Represented by:
Loans and other debts due to members within one year
Members' capital classified as a liability
798,438
677,264
Members' other interests
Members' capital classified as equity
30,000
30,000
Other reserves classified as equity
932,250
932,250
1,760,688
1,639,514

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 profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 1 July 2026 and are signed on their behalf by:
01 July 2026
M C Greensmith
Designated member
Limited Liability Partnership registration number OC318253 (England and Wales)
SHADSWORTH PROPERTY INVESTMENTS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Limited liability partnership information

Shadsworth Property Investments LLP is a limited liability partnership incorporated in England and Wales. The registered office is The Oil Centre, Bury New Road, Heap Bridge, Bury, Lancashire, United Kingdom, BL9 7HY.

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

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in May 2024, 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 have been prepared under the historical cost convention, modified to include the

revaluation of investment properties and certain financial instruments at fair value. The principal accounting

policies adopted are set out below.

1.2
Going concern

The members have assessed the business for the forthcoming 12 months along with the confirmation of continued support from a related party. The members consider that the LLP has sufficient funds to continue to settle liabilities as they fall due.

1.3
Turnover

Turnover represents rent and service charges receivable during the year, exclusive of Value Added Tax.

1.4
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the m embers' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’, which include fair value gains or losses attributable to investment property which are not distributable to members and as such are recognised within other reserves. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Where there exists an asset and liability component in respect of an individual member’s participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

SHADSWORTH PROPERTY INVESTMENTS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
1.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

A financial liability exists where there is a contractual obligation to deliver cash or another financial asset to another entity, or to exchange financial assets or financial liabilities under potentially unfavourable conditions. In addition, contracts which result in the entity delivering a variable number of its own equity instruments are financial liabilities. Shares containing such obligations are classified as financial liabilities.

Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. The carrying amount of the liability is increased by the finance cost and reduced by payments made in respect of that liability. Finance costs are calculated so as to produce a constant rate of charge on the outstanding liability.

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 assets

Short term debtors are measured at transaction price, less any impairment costs. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

1.8

Finance costs

Finance costs are charged to the statement of comprehensive income 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
Employees

The average number of persons (including members) employed by the partnership during the year was:

2026
2025
Number
Number
Total
3
3
SHADSWORTH PROPERTY INVESTMENTS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
3
Investment property
2026
£
Fair value
At 31 March 2026
1,510,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out by Nolan Redshaw, who are not connected with the limited liability partnership. The valuation was made on 31 March 2025, on an open market value basis by reference to market evidence of transaction prices for similar properties. In the members' opinion this continues to represent the fair value of the property.

4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
34,950
-
Other debtors
1,618
1,177
36,568
1,177
5
Creditors: amounts falling due within one year
2026
2025
£
£
Other taxation and social security
10,689
11,379
Other creditors
31,822
33,952
42,511
45,331
6
Loans and other debts due to members
2026
2025
£
£
Analysis of loans
Amounts falling due within one year
798,438
677,264

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

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