Rathmell Family Partnership LLP

REGISTERED NUMBER: OC437166 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Rathmell Family Partnership LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

T Rathmell

Mrs J Rathmell

Petrichor Estates Ltd

REGISTERED OFFICE:

16 Beaufort Court

Admirals Way

Canary Wharf

London

E14 9XL

REGISTERED NUMBER:

OC437166 (England and Wales)

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of Property management

DESIGNATED MEMBERS

The designated members during the year under review were:

T Rathmell

Mrs J Rathmell

Petrichor Estates Ltd

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £97,245 (2025 - £42,265 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

T Rathmell - Designated member

24 April 2026

TURNOVER

366,327

348,544

Administrative expenses

(97,850

)

(120,421

)

OPERATING PROFIT

268,477

228,123

Interest payable and similar expenses

(171,232

)

(185,858

)

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS

97,245

42,265

FIXED ASSETS

Tangible assets

4

7,003,800

CURRENT ASSETS

Debtors

5

5,671

-

Cash at bank

33,303

21,239

38,974

21,239

CREDITORS

Amounts falling due within one year

6

30,874

24,771

NET CURRENT ASSETS/(LIABILITIES)

8,100

(3,532

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,011,900

7,000,268

CREDITORS

Amounts falling due after more than one
year

7

2,961,725

2,968,383

NET ASSETS ATTRIBUTABLE TO
MEMBERS

4,050,175

4,031,885

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

115,175

31,885

MEMBERS' OTHER INTERESTS

Capital accounts

3,935,000

4,000,000

4,050,175

4,031,885

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

115,175

31,885

Members' other interests

3,935,000

4,000,000

4,050,175

4,031,885

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 year ended 31 March 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 27 April 2026 and were signed by:

T Rathmell - Designated member

1.	STATUTORY INFORMATION

Rathmell Family Partnership LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2025

and 31 March 2026

7,003,800

NET BOOK VALUE

At 31 March 2026

7,003,800

At 31 March 2025

7,003,800

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Other debtors

5,671

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

7,610

9,872

Trade creditors

-

(1

)

Other creditors

23,264

14,900

30,874

24,771

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Bank loans

-

7,741

Other creditors

2,961,725

2,960,642

2,961,725

2,968,383

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in liquidation