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REGISTERED NUMBER: OC304421

Hill Bath LLP

Filleted Unaudited Financial Statements

For the year ended

30 April 2026

Hill Bath LLP

Statement of Financial Position

30 April 2026

| 2026 | 2025
Note | £ | £ | £

Fixed assets

Tangible assets | 3 |  | 5,850,000 | 5,850,000

Current assets

Cash at bank and in hand | 32,497 |  | 45,196

Creditors: amounts falling due within one year | 4 | 48,954 |  | 68,137
| -------- |  | --------
Net current liabilities |  | 16,457 | 22,941
|  | ------------ | ------------
Total assets less current liabilities |  | 5,833,543 | 5,827,059
|  | ------------ | ------------
Net assets |  | 5,833,543 | 5,827,059
|  | ------------ | ------------

Represented by:
Loans and other debts due to members

Other amounts | 5 |  | 2,405,731 | 2,401,047

Members' other interests

Members' capital classified as equity |  | – | (1,800)
Revaluation reserve |  | 3,427,812 | 3,427,812
Other reserves |  | – | –
|  | ------------ | ------------
|  | 5,833,543 | 5,827,059
|  | ------------ | ------------

Total members' interests

Loans and other debts due to members | 5 |  | 2,405,731 | 2,401,047
Members' other interests |  | 3,427,812 | 3,426,012
|  | ------------ | ------------
|  | 5,833,543 | 5,827,059
|  | ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
For the year ending 30 April 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) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

Hill Bath LLP

Statement of Financial Position (continued)

30 April 2026
These financial statements were approved by the members and authorised for issue on 14 August 2026 , and are signed on their behalf by:

A Tulloch
Designated Member

Registered number: OC304421

Hill Bath LLP

Accounting Policies

Year ended 30 April 2026
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
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, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Hill Bath LLP

Notes to the Financial Statements

Year ended 30 April 2026

1. | General information

The LLP is registered in England and Wales. The address of the registered office is 4 Hill Street, London, W1J 4NE.

2. | Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3. | Tangible assets

| Land and buildings
| £
Cost |
At 1 May 2025 and 30 April 2026 | 5,850,000
| ------------
Depreciation |
At 1 May 2025 and 30 April 2026 | –
| ------------
Carrying amount |
At 30 April 2026 | 5,850,000
| ------------
At 30 April 2025 | 5,850,000
| ------------

The freehold property was revalued by the members at 30 April 2026 on an open market, existing use basis.
4. Creditors: amounts falling due within one year

| 2026 | 2025
| £ | £
Trade creditors | 13,153 | 27,238
Social security and other taxes | 318 | 5,466
Other creditors | 35,483 | 35,433
| -------- | --------
| 48,954 | 68,137
| -------- | --------

5. | Loans and other debts due to members

| 2026 | 2025
| £ | £
Amounts owed to members in respect of profits | 2,405,731 | 2,401,047
| ------------ | ------------