Limited Liability Partnership Registration No. OC453441 (England and Wales)
Fifty Five Property Holdings LLP
Annual report and financial statements
for the year ended 31 December 2025
Pages for filing with the registrar
Fifty Five Property Holdings LLP
Contents
Page
Statement of financial position
1
Reconciliation of members' interests
2 - 3
Notes to the financial statements
4 - 9
Fifty Five Property Holdings LLP
Statement of financial position
As at 31 December 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
4
100
100
Current assets
Debtors
6
8,098,774
3,958,965
Creditors: amounts falling due within one year
7
(20,192)
(8,820)
Net current assets
8,078,582
3,950,145
Total assets less current liabilities and net assets attributable to members
8,078,682
3,950,245
Represented by:
Loans and other debts due to members within one year
Other amounts
8,096,453
3,958,864
Members' other interests
Members' capital classified as equity
201
201
Other reserves
(17,972)
(8,820)
8,078,682
3,950,245

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

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.

The financial statements were approved by the members and authorised for issue on 8 July 2026 and are signed on their behalf by:
08 July 2026
Whiteberry Fifty-Five Limited
RAN Hospitality Limited
Designated member
Designated Member
Limited Liability Partnership registration number OC453441 (England and Wales)
Fifty Five Property Holdings LLP
Reconciliation of members' interests
For the year ended 31 December 2025
2
Current financial year
Equity
Debt
Total
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
Members' interests
Members' capital
Other reserves
Total
Other amounts
Total
Total
2025
£
£
£
£
£
£
Members' interests at 1 January 2025
201
(8,820)
(8,619)
3,958,864
3,958,864
3,950,245
Loss for the financial year available for discretionary division among members
-
(9,152)
(9,152)
-
-
(9,152)
Members' interests after loss for the year
201
(17,972)
(17,771)
3,958,864
3,958,864
3,941,093
Introduced by members
-
-
-
4,137,589
4,137,589
4,137,589
Members' interests at 31 December 2025
201
(17,972)
(17,771)
8,096,453
8,096,453
8,078,682
Fifty Five Property Holdings LLP
Reconciliation of members' interests (continued)
For the year ended 31 December 2025
3
Prior financial year
Equity
Debt
Total
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
Members' interests
Members' capital
Other reserves
Total
Other amounts
Total
Total
2024
£
£
£
£
£
£
Members' interests at 19 August 2024
-
-
-
-
-
-
Loss for the financial period available for discretionary division among members
-
(8,820)
(8,820)
-
-
(8,820)
Members' interests after loss for the period
-
(8,820)
(8,820)
-
-
(8,820)
Introduced by members
201
-
201
3,958,864
3,958,864
3,959,065
Members' interests at 31 December 2024
201
(8,820)
(8,619)
3,958,864
3,958,864
3,950,245
Fifty Five Property Holdings LLP
Notes to the financial statements
For the year ended 31 December 2025
4
1
Accounting policies
Limited liability partnership information

Fifty Five Property Holdings LLP is a limited liability partnership incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, England, EC4V 4BE.

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

1.1
Reporting period

The current report period covers the 12 month period from 1 January 2025 to 31 December 2025.

The prior financial period is for a period shorter than 12 months as the limited liability partnership was incorporated on 19 August 2024.

1.2
Accounting convention

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 statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
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’. 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.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

Fifty Five Property Holdings LLP
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
5
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and a ny impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the limited liability partnership. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Cash and cash equivalents

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.

1.6
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, 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. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Fifty Five Property Holdings LLP
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
6
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the limited liability partnership transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 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. Financial liabilities classified as payable within one year are not amortised.

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

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.

1.7
Taxation

The taxation payable on the partnership profits is solely the personal liability of the individual members consequently neither the partnership taxation nor related deferred taxation arising in respect of the partnership are accounted for in these financial statements.

Fifty Five Property Holdings LLP
Notes to the financial statements (continued)
For the year ended 31 December 2025
7
2
Critical accounting 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.

3
Employees

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

2025
2024
Number
Number
Total
0
0
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
100
100
5
Subsidiaries

Details of the limited liability partnership's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Address
Nature of business
Class of shares held
% Held
Direct
Indirect
Fifty Five Hotel Properties Limited
(i)
Holding company
Ordinary
100
-
Fifty Five Farthingstone Limited
(i)
Development of modern luxury hospitality properties
Ordinary
-
100
Registered office addresses (all UK unless otherwise indicated):
(i)
71 Queen Victoria Street, London, EC4V 4BE
Fifty Five Property Holdings LLP
Notes to the financial statements (continued)
For the year ended 31 December 2025
8
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
8,096,453
3,958,864
Other debtors
2,321
101
8,098,774
3,958,965
7
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
5,979
-
Other creditors
13,973
-
Accruals and deferred income
240
8,820
20,192
8,820
8
Loans and other debts due to members

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

9
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Roger Wareham
Statutory Auditors:
Saffery LLP
Date of audit report:
8 July 2026
10
Related party transactions

The LLP has taken advantage of the exemption available in section 1AC.35 of FRS 102 from the requirement to disclose transactions with group companies on the grounds that all group undertakings are wholly owned subsidiaries.

At the year end the following amounts were due to the members:

RAN Hospitality Limited: £2,250,000 (2024: £2,250,000)

Whiteberry Fifty-Five Limited: £5,846,453 (2024: £1,708,864)

Under the terms of the LLP Agreement, the members have committed mandatory funding towards platform-related costs. At the year end £13,973 (2024: £nil) was due to the members in respect of this funding.

Fifty Five Property Holdings LLP
Notes to the financial statements (continued)
For the year ended 31 December 2025
9
11
Ultimate controlling party

The LLP is controlled by Whiteberry Fifty Five Limited, a company registered in Jersey. The registered office of the company is Jtc House, Esplanade, St. Helier, Jersey, JE2 3QA.

2025-12-31 2025-01-01 false false 08 July 2026 CCH Software CCH Accounts Production 2026.100 false OC453441 2025-01-01 2025-12-31 OC453441 2025-12-31 OC453441 bus:PartnerLLP2 2025-01-01 2025-12-31 OC453441 bus:PartnerLLP3 2025-01-01 2025-12-31 OC453441 dpl:Item1 2025-01-01 2025-12-31 OC453441 2024-08-19 2024-12-31 OC453441 bus:LimitedLiabilityPartnershipLLP 2025-01-01 2025-12-31 OC453441 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 OC453441 bus:FRS102 2025-01-01 2025-12-31 OC453441 bus:Audited 2025-01-01 2025-12-31 OC453441 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares