Shoreham Shop LLP

Shoreham Shop LLP Accountants' Report For the year ended 31 March 2026
Report to the members of Shoreham Shop LLP on the preparation of the unaudited statutory financial statements for the year ended 31 March 2026 In accordance with the engagement letter dated 14 May 2018, and in order to assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have compiled the financial statements of the LLP from the accounting records and information and explanations you have given to us. This report is made solely to the members of Shoreham Shop LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Shoreham Shop LLP and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shoreham Shop LLP and its members as a body for our work or for this report. It is your duty to ensure that Shoreham Shop LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shoreham Shop LLP. You consider that Shoreham Shop LLP is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Shoreham Shop LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. .................................................... Pope Accountancy Ltd 11 Tanglewood Close Gillingham KENT ME8 0PH 14 July 2026 1

Shoreham Shop LLP
Accountants' Report
For the year ended 31 March 2026

Report to the members of Shoreham Shop LLP on the preparation of the unaudited statutory financial statements for the year ended 31 March 2026

In accordance with the engagement letter dated 14 May 2018, and in order to assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have compiled the financial statements of the LLP from the accounting records and information and explanations you have given to us.

This report is made solely to the members of Shoreham Shop LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Shoreham Shop LLP and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shoreham Shop LLP and its members as a body for our work or for this report.

It is your duty to ensure that Shoreham Shop LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shoreham Shop LLP. You consider that Shoreham Shop LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shoreham Shop LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

....................................................
Pope Accountancy Ltd
11 Tanglewood Close
Gillingham
KENT
ME8 0PH
14 July 2026

Registered Number: OC328391 Shoreham Shop LLP
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	451,447	452,220
		451,447	452,220
Current assets
Debtors	4	298	227
Cash at bank and in hand		8,188	5,467
		8,486	5,694
Creditors: amount falling due within one year	5	(1,172)	(1,076)
Net current assets		7,314	4,618

Total assets less current liabilities		458,761	456,838
Net assets		458,761	456,838

Represented by:
Loans and other debts due to members	6	22,361	16,838
Members' other interest
Members' capital		436,400	440,000
		436,400	440,000
		458,761	456,838

Total members' interests
Loans and other debts due to members		22,361	16,838
Members' other interests		436,400	440,000
		458,761	456,838

For the year ending 31 March 2026 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006

These accounts were approved by the members and signed on their behalf by:

.............................................................................
John Dinnis
Designated Member
Date approved by the members: 14 July 2026

Shoreham Shop LLP
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

Shoreham Shop LLP is a limited liability partnership, registered in England and Wales, registration number OC328391, registration address C/O Filston Oast, Filston Lane, Shoreham, Kent, TN14 5JU.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Change in accounting policy

Changes to the accounts layout and terminology have occurred due to a change in accounting software. The changes have no effect on the overall figures.

Details of changes are as follows:

Members Report and Accountants Report - Changes to wording to give greater clarity of responsibilities and work carried out.

Income Statement - Other operating expenses which consist of direct costs to rented out properties have been split from administrative expenses.

Balance Sheet - Investment property is now included within tangible fixed assets.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

25% Straight Line

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Financial instruments

The 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with 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.

2.	Average number of employees There are no salaried partners in the LLP. Average number of employees during the year was 0 (2025 : 0).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Investment properties	Total
	£	£	£
At 01 April 2025	3,851	450,287	454,138
Additions	-	-	-
Disposals	-	-	-
At 31 March 2026	3,851	450,287	454,138
Depreciation
At 01 April 2025	1,918	-	1,918
Charge for year	773	-	773
On disposals	-	-	-
At 31 March 2026	2,691	-	2,691
Net book values
Closing balance as at 31 March 2026	1,160	450,287	451,447
Opening balance as at 01 April 2025	1,933	450,287	452,220

Valuation Method

The investment property portfolio was valued at the reporting date by Mr Kasch, a member of the partnership. Fair value was determined by reference to current market values provided by online valuation indices, considering the location, desirability, and current economic climate.

Initial Cost

The investments property including land was originally purchased for £393,237, this was arbitrarily split on a 25/75 basis resulting in the following cost basis:

Land £98,309

Buildings £294,928.

Capital Improvements

Since purchasing the properties capital improvements totalling £57,050 have been incurred.

Carrying Value & Revaluation

The cumulative fair value gains recognised to date total £Nil (2025: £Nil).

Depreciation

Under FRS 102 section 1A, section 16, investment properties are not depreciated, instead they are measured at fair market value.

Deferred Taxation

Provision are made for deferred taxation on the balance of cumulative revaluations. The deferred tax liability associated to revaluations are £Nil (2025: £Nil).

Debtors: amounts falling due within one year

	2026 £		2025 £
Other Debtors	298		227
	298		227

Creditors: amount falling due within one year

	2026 £		2025 £
Other Creditors	1,172		1,076
	1,172		1,076

Members' Interests

	Members' capital	Other reserves	Total	Loans and other debts due to members less any amounts due from members included in debtors	Total

Balance at 01 April 2025	440,000	0	440,000	16,838	456,838
Profit for the period available for discretionary division among members	0	21,797	21,797	0	21,797
Members' interests after profit for the period	440,000	21,797	461,797	16,838	478,635
Other divisions of profits	0	(21,797)	(21,797)	21,797	0
Introduced by members	6,400	0	6,400	0	6,400
Repaid to members	(10,000)	0	(10,000)	0	(10,000)
Drawings	0	0	0	(16,274)	(16,274)
Other movements	0	0	0	0	0
Balance at 31 March 2026	436,400	0	436,400	22,361	458,761

Registered Number: OC328391
England and Wales
Unaudited Financial Statements

for the year ended 31 March 2026
for
SHOREHAM SHOP LLP