REGISTERED NUMBER: OC450505 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

HENWICK PROPERTIES LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

A Kaxe

N Kaxe

REGISTERED OFFICE:

1 High Street

Thatcham

Berks

RG19 3JG

REGISTERED NUMBER:

OC450505 (England and Wales)

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of residential and commercial property sales and lettings.

DESIGNATED MEMBERS

The designated members during the year under review were:

A Kaxe

N Kaxe

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £229,553 (2025 - £309,233 profit).

MEMBERS' INTERESTS

The policies for members' drawings, subscriptions and repayment of members' capital are governed by the Limited Liability Partnership Agreement.

ON BEHALF OF THE MEMBERS:

A Kaxe - Designated member

7 July 2026

TURNOVER

768,932

750,919

Administrative expenses

551,619

457,662

OPERATING PROFIT

4

217,313

293,257

Interest receivable and similar income

16,567

18,796

233,880

312,053

Interest payable and similar expenses

4,327

2,820

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

229,553

309,233

FIXED ASSETS

Intangible assets

5

2

2

Tangible assets

6

167,054

123,074

167,056

123,076

CURRENT ASSETS

Debtors

7

12,290

193,994

Cash at bank

59,426

26,967

71,716

220,961

CREDITORS

Amounts falling due within one year

8

55,694

45,852

NET CURRENT ASSETS

16,022

175,109

TOTAL ASSETS LESS CURRENT LIABILITIES

183,078

298,185

CREDITORS

Amounts falling due after more than one year

9

174,055

105,906

NET ASSETS ATTRIBUTABLE TO MEMBERS

9,023

192,279

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

9,023

192,279

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

9,023

192,279

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 7 July 2026 and were signed by:

A Kaxe - Designated member

1.	STATUTORY INFORMATION

Henwick Properties 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2025 - 7 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.26

31.3.25

£

£

Depreciation - owned assets

68,202

36,268

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

2

NET BOOK VALUE

At 31 March 2026

2

At 31 March 2025

2

6.	TANGIBLE FIXED ASSETS

Motor

Office

vehicles

Equipment

Totals

£

£

£

COST

At 1 April 2025

159,068

2,610

161,678

Additions

151,045

1,089

152,134

Disposals

(56,348

)

-

(56,348

)

At 31 March 2026

253,765

3,699

257,464

DEPRECIATION

At 1 April 2025

38,055

549

38,604

Charge for year

67,462

740

68,202

Eliminated on disposal

(16,396

)

-

(16,396

)

At 31 March 2026

89,121

1,289

90,410

NET BOOK VALUE

At 31 March 2026

164,644

2,410

167,054

At 31 March 2025

121,013

2,061

123,074

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

12,290

193,994

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

1,775

10,461

Hire purchase contracts

20,817

13,692

Taxation and social security

23,250

19,699

Other creditors

9,852

2,000

55,694

45,852

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

1,775

Hire purchase contracts

174,055

104,131

174,055

105,906

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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