Limited Liability Partnership registration number OC399773 (England and Wales)
STRATA INVESTMENT PROPERTIES LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
STRATA INVESTMENT PROPERTIES LLP
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
STRATA INVESTMENT PROPERTIES LLP
ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STRATA INVESTMENT PROPERTIES LLP FOR THE YEAR ENDED 31 MARCH 2026
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Strata Investment Properties LLP for the year ended 31 March 2026 which comprise, the balance sheet and the related notes from the limited liability partnership’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the limited liability partnership's members of Strata Investment Properties LLP, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Strata Investment Properties LLP and state those matters that we have agreed to state to the limited liability partnership's members of Strata Investment Properties LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Strata Investment Properties LLP and its members as a body, for our work or for this report.

It is your duty to ensure that Strata Investment Properties LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Strata Investment Properties LLP. You consider that Strata Investment Properties LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Strata Investment Properties LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Ormerod Rutter Limited
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
28 July 2026
STRATA INVESTMENT PROPERTIES LLP
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investment property
3
496,139
631,139
Current assets
Debtors
4
378
590
Cash at bank and in hand
1,856
4,733
2,234
5,323
Creditors: amounts falling due within one year
5
(4,557)
(9,364)
Net current liabilities
(2,323)
(4,041)
Total assets less current liabilities
493,816
627,098
Creditors: amounts falling due after more than one year
6
(150,978)
(220,458)
Net assets attributable to members
342,838
406,640
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
342,838
406,640

For the financial year ended 31 March 2026 the limited liability partnership 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 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships' regime.

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on
28 July 2026
28 July 2026
and are signed on their behalf by:
Mr R J Taft
Designated member
Limited Liability Partnership registration number OC399773 (England and Wales)
STRATA INVESTMENT PROPERTIES LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Limited liability partnership information

Strata Investment Properties LLP is a limited liability partnership incorporated in England and Wales. The registered office is The Boat House, Wroxeter, Shrewsbury, SY5 6PH.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the net amounts recoverable for the services provided to clients under contractual obligations which are performed gradually over time.

If, at the balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the balance sheet date are carried forward as work in progress.

1.3
Members' participating interests

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment and the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense and presented as members remuneration charged as an expense in arriving at the result for the relevant year. To the extent that they remain unpaid at the period end, they are shown as liabilities.

Whilst the members’ agreement does not differentiate between profits and losses for profit sharing purposes, it does stipulate that the LLP cannot demand additional contributions from members, and as a result the LLP does not have an unconditional right to demand payment from members for losses. Therefore, to the extent that losses exceed the balance on capital and current accounts, they are not recognised as a recoverable asset and so remain within equity until such time as [profits are generated to set them against or detail other conditions as appropriate].

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

STRATA INVESTMENT PROPERTIES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.4
Investment properties

Investment propert ies are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is recognised in the profit and loss account.

No depreciation or amortisation is provided in respect of investment property. The investment property is not held for consumption but for investment and the designated members consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the accounts to give a true and fair view.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2026
2025
Number
Number
Total
0
0
3
Investment property
2026
£
Fair value
At 1 April 2025
631,139
Disposals
(135,000)
At 31 March 2026
496,139

It is in the opinion of the designated members that the market value of investment property is not considered to be significantly different from the carrying value held at historical cost.

4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
378
590
5
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
-
4,177
Other creditors
4,557
5,187
4,557
9,364
STRATA INVESTMENT PROPERTIES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
150,978
220,458
7
Secured debts
The following secured debts are included within creditors:
2026
2025
£
£
Bank loans
150,978
220,458

Mortgages are secured against the properties to which they relate.

8
Loans and other debts due to members

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

2026-03-31 2025-04-01 false false 28 July 2026 CCH Software CCH Accounts Production 2026.200 false OC399773 2025-04-01 2026-03-31 OC399773 2026-03-31 OC399773 bus:PartnerLLP1 2025-04-01 2026-03-31 OC399773 2024-04-01 2025-03-31 OC399773 bus:LimitedLiabilityPartnershipLLP 2025-04-01 2026-03-31 OC399773 bus:FRS102 2025-04-01 2026-03-31 OC399773 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 OC399773 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 OC399773 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares