Sole Property & Construction LLP

	Page
Balance Sheet	1—2
Reconciliation of Members' Interests	3—4
Notes to the Financial Statements	4—5

Registered number: OC423533

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,312		-
Investment Properties	5		3,935,000		4,064,448

			3,939,312		4,064,448
CURRENT ASSETS
Debtors	6	49,973		38,474

		49,973		38,474
Creditors: Amounts Falling Due Within One Year	7	(10,831 )		(1,576 )

NET CURRENT ASSETS (LIABILITIES)			39,142		36,898

TOTAL ASSETS LESS CURRENT LIABILITIES			3,978,454		4,101,346

Creditors: Amounts Falling Due After More Than One Year	8		(2,216,389 )		(2,016,052 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			1,762,065		2,085,294

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		109,885		155,435
Other amounts		1,783,846		1,929,859

			1,893,731		2,085,294

Equity
Members' other interests
Other reserves		(131,666)		-

			(131,666)		-

			1,762,065		2,085,294

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			1,893,731		2,085,294
Members' other interests			(131,666)		-

			1,762,065		2,085,294

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Page 2

Sole Property & Construction LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP 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 applicable to LLPs subject to the small LLPs regime.)

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

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mrs Lindsay Coom

Designated Member

15/07/2026

The notes on pages 4 to 5 form part of these financial statements.

	EQUITY	DEBT
	Members' other interests	Loans and other debts due to members less any amounts due from members in debtors
	Other Reserves	Members'Capital classified as Debt	Other amounts	Total Debts	Total members' interest
	£	£	£	£	£
Amounts due to members	-	-	1,758,069	1,758,069	-

Balance at 1 April 2023	-	-	1,758,069	1,758,069	1,758,069
Members' remuneration charged as an expense, including employment and retirement benefit costs	-	-	-	-	-
Profit/(loss) for the financial year available for discretionary division among members	379,914	-	-	-	379,914

Members' interests after profit/(loss) for the year	379,914	-	1,758,069	1,758,069	2,137,983
Other divisions of profits (losses)	(379,914)	-	379,914	379,914	-
Introduced by members	-	155,435	-	155,435	155,435
Drawings	-	-	(208,124)	(208,124)	(208,124)

Amounts due to members	-	155,435	1,929,859	2,085,294	-

As at 31 March 2024 and 1 April 2024	-	155,435	1,929,859	2,085,294	2,085,294


Profit/(loss) for the financial year available for discretionary division among members	(110,562 )	-	-	-	(110,562 )

Members' interests after profit/(loss) for the year	(110,562)	155,435	1,929,859	2,085,294	1,974,732
Other divisions of profits (losses)	(21,104)	-	21,104	21,104	-
Introduced by members	-	(45,550)	-	(45,550)	(45,550)
Drawings	-	-	(167,117)	(167,117)	(167,117)

Amounts due to members	-	109,885	1,783,846	1,893,731	-

As at 31 March 2025	(131,666)	109,885	1,783,846	1,893,731	1,762,065

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Sole Property & Construction LLP

Notes to the Financial Statements

For The Year Ended 31 March 2025

1. General Information

Sole Property & Construction LLP is a limited liability partnership, incorporated in England & Wales, registered number OC423533 . The Registered Office is Suite 2-B Point East, Park Plaza, Cannock, WS12 2DB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% SL Basis

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Motor Vehicles
	£
Cost or Valuation
As at 1 April 2024	-
Additions	5,750

As at 31 March 2025	5,750

Depreciation
As at 1 April 2024	-
Provided during the period	1,438

As at 31 March 2025	1,438

...CONTINUED

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Sole Property & Construction LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	4,312

As at 1 April 2024	-

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	4,064,448
Revaluations	(129,448)

As at 31 March 2025	3,935,000

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	49,973	38,474

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	144	144
Other creditors	9,907	1,432
Accruals and deferred income	780	-

	10,831	1,576

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Mortgages	2,216,389	2,016,052

9. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Other Creditors	2,216,389		2,016,052

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