Company No: OC341961 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Investment property	4	1,405,000		1,405,000
		1,405,000		1,405,000
Current assets
Debtors	5	10,866		6,505
Cash at bank and in hand		21,470		8,230
		32,336		14,735
Creditors: amounts falling due within one year	6	( 42,945)		( 33,448)
Net current liabilities		(10,609)		(18,713)
Total assets less current liabilities		1,394,391		1,386,287
Creditors: amounts falling due after more than one year	7	( 720,310)		( 733,736)
Net assets attributable to members		674,081		652,551
Represented by
Loans and other debts due to members after more than one year
Members' capital classified as a liability		65,898		95,898
		65,898		95,898
Members' other interests
Revaluation reserve		211,158		211,158
Other reserves		397,025		345,495
		608,183		556,653
		674,081		652,551
Total members' interests
Loans and other debts due to members		65,898		95,898
Members' other interests		608,183		556,653
		674,081		652,551

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 Cascade Property Developments LLP (registered number: OC341961) were approved and authorised for issue by the members on 24 July 2026. They were signed on its behalf by:

C Kane 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

Cascade Property Developments 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 Unit 6 Old Generator House, 25 Bourne Valley Road, Poole, BH12 1DZ, 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 £.

Going concern

The members have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts chargeable to tenants in respect of the LLP's investment properties.
Rent receivable is shown as other operating income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the profit and loss account.

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' remuneration and division of profits

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, are 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	3		3

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 April 2025	14,000		14,000
At 31 March 2026	14,000		14,000
Accumulated depreciation
At 01 April 2025	14,000		14,000
At 31 March 2026	14,000		14,000
Net book value
At 31 March 2026	0		0
At 31 March 2025	0		0

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	1,405,000
As at 31 March 2026	1,405,000

Valuation

The Investment property was revalued by Symonds & Sampson Surveyors on 2nd November 2023 at its market value with the benefit of securing borrowing.

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	1,193,842		1,193,842

5. Debtors

	2026		2025
	£		£
Trade debtors	10,536		6,505
Other debtors	330		0
	10,866		6,505

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans (secured)	12,340		12,109
Trade creditors	100		269
Other taxation and social security	3,274		642
Other creditors	27,231		20,428
	42,945		33,448

Capital loans and other debts due to members rank behind with creditors, in accordance with the members' agreement. There are no restrictions on the members' ability to reduce the amount of members' other interests.

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans (secured)	720,310		733,736

Bank loans are secured against the properties to which they relate.

8. Related party transactions

Other related party transactions

	2026		2025
	£		£
Summary of transactions with entities with joint control or significant interest	0		(1,187)

Two partners of Cascade Property Developments LLP are also directors of Greendale Construction Limited.

During the year, no monies were paid to Greendale Construction Limited in respect of loans.

At the year end the LLP was owed £1,187 (2025 - £1,187) by Greendale Construction Limited.