Company No: OC399343 (England and Wales)

Contents

• Limited Liability Partnership Information
• Balance Sheet
• Notes to the Financial Statements

DESIGNATED MEMBERS	F M Garvey
	T G Lewis

REGISTERED OFFICE	41 Commercial Road
	Poole
	BH14 0HU
	United Kingdom

REGISTERED NUMBER

OC399343 (England and Wales)

CHARTERED ACCOUNTANTS	Francis Clark LLP
	Towngate House
	2-8 Parkstone Road
	Poole
	Dorset BH15 2PW

	Note	2026		2025
		£		£
Fixed assets
Investment property	3	490,050		487,410
		490,050		487,410
Current assets
Debtors	4	39,773		19,586
Cash at bank and in hand		33,108		33,726
		72,881		53,312
Creditors: amounts falling due within one year	5	( 34,028)		( 16,996)
Net current assets		38,853		36,316
Total assets less current liabilities		528,903		523,726
Net assets attributable to members		528,903		523,726
Represented by
Loans and other debts due to members within one year
Other amounts		517		847
		517		847
Members' other interests
Members' capital classified as equity		594,000		594,000
Revaluation reserve		(98,941)		(101,581)
Other reserves		33,327		30,460
		528,386		522,879
		528,903		523,726
Total members' interests
Amounts due from members (included in debtors)		(15,454)		(18,122)
Loans and other debts due to members		517		847
Members' other interests		528,386		522,879
		513,449		505,604

For the financial year ending 31 March 2026 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.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Nova Harrow 47 LLP (registered number: OC399343) were approved and authorised for issue by the members on 01 May 2026. They were signed on its behalf by:

T G Lewis Designated member

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Nova Harrow 47 LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 41 Commercial Road, Poole, BH14 0HU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the LLP and rounded to the nearest £.

Turnover

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty. Revenue comprises of rents receivable.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the LLP becomes a party to the contractual provisions of the instrument.

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 LLP after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the LLP intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Members' participation rights

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.

The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the LLP during the year	0		0

3. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	487,410
Fair value movement	2,640
As at 31 March 2026	490,050

Valuation

The investment property was revalued by the designated members at the balance sheet date at its market value within the benefit of the existing lease.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2026		2025
	£		£
Historic cost	588,991		588,991

4. Debtors

	2026		2025
	£		£
Trade debtors	23,161		0
Amounts owed by members	15,454		18,122
Prepayments	1,158		1,049
Other debtors	0		415
	39,773		19,586

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	0		10,489
Accruals and deferred income	28,276		1,625
Other taxation and social security	5,394		4,882
Other creditors	358		0
	34,028		16,996