REGISTERED NUMBER: OC454164 (England and Wales)

ROPEFALL 1 LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 17 OCTOBER 2024 TO 5 APRIL 2026

Page

Balance sheet

1

Notes to the financial statements

3

FIXED ASSETS

Tangible assets

4

1,330,554

CURRENT ASSETS

Debtors: amounts falling due within one year

5

210,261

Cash at bank

6

11,461

221,722

CREDITORS

Amounts falling due within one year

7

900

NET CURRENT ASSETS

220,822

TOTAL ASSETS LESS CURRENT LIABILITIES

1,551,376

CREDITORS

Amounts falling due after more than one year

8

1,551,376

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

5

(201,713

)

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 period ended 5 April 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and loss account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 17 July 2026 and were signed by:

R Anderson - Designated member

1.	STATUTORY INFORMATION

Ropefall 1 LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC454164

Registered office:

Millhouse

32-38 East Street

Rochford

Essex

SS4 1DB

The partnership was incorporated on 17 October 2024.

The principal activity of the partnership was that of investment activities.

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.

Tangible fixed assets

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

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102

to all of its financial instruments.

The LLP has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections

11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the LLP's Balance Sheet when the LLP 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are

initially measured at their transaction price including transaction costs and are subsequently carried

at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash

equivalents, trade and most other receivables due with the operating cycle fall into this category of

financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as

subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the

recognised transaction price. Such assets are subsequently measured at fair value with the changes

in fair value being recognised in the profit or loss. Where other financial assets are not publicly

traded, hence their fair value cannot be measured reliably, they are measured at cost less

impairment.

Impairment of financial assets

Financial assets are impaired when events, subsequent to their initial recognition, indicate the

estimated future cash flows derived from the financial asset(s) have been adversely impacted. The

impairment loss will be the difference between the current carrying amount and the present value of

the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the

impairment can be reviewed for possible reversal. The reversal will not cause the current carrying

amount to exceed the original carrying amount had the impairment not been recognised. The

impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instruments any contract that evidences a residual interest in

the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are

initially measured at their transaction price after transaction costs. When this constitutes a financing

transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is

immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate

method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary

course of business from suppliers. Trade payables are classified as current liabilities if the payment is

due within one year. If not, they represent non-current liabilities. Trade payables are initially

recognised at their transaction price and subsequently are measured at amortised cost using the

effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not

classified as basic financial instruments. These are initially recognised at fair value on the date the

derivative contract is entered into, with costs being charged to the profit or loss. They are

subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are

subsequently measured at fair value through the profit or loss. This recognition and measurement

would also apply to financial instruments where the performance is evaluated on a fair value basis as

with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are

settled, or when the LLP transfers the asset and substantially all the risks and rewards of ownership

to another party. If significant risks and rewards of ownership are retained after the transfer to

another party, then the LLP will continue to recognise the value of the portion of the risks and rewards

retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged

or cancelled.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

Additions

1,330,554

At 5 April 2026

1,330,554

NET BOOK VALUE

At 5 April 2026

1,330,554

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

210,261

6.	CASH AT BANK

£

Cash at bank and in hand

11,461

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

900

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

1,551,376

There is a fixed and floating charge over the freehold property known as Abbots Langley.