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REGISTERED NUMBER: OC316717 (England and Wales)

Ablett Property LLP

Financial Statements for the Year Ended 31st March 2026

| Ablett Property LLP (Registered number: OC316717) |

Contents of the Financial Statements

for the Year Ended 31st March 2026

Page |

| General information | 1 |

| Balance sheet | 2 |

| Notes to the financial statements | 4 |

| Ablett Property LLP |

General Information

for the Year Ended 31st March 2026

| Designated members: | P R Ablett

| E A Ablett

| Registered office: | The Miller Last Works

| Arthur Street

| Northampton

| Northampton

| NN2 6DX

| Registered number: | OC316717 (England and Wales)

| Accountants: | A.J. Lewis

| Chartered Accountant

| Lewis & Son Accountants Limited

| 37 Stoke Road

| Blisworth

| Northampton

| NN7 3BZ

| Ablett Property LLP (Registered number: OC316717) |

Balance Sheet

31st March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

Fixed assets

Investment property | 3 | 3,359,414 |  | 3,359,414 |  |

Current assets

Debtors | 4 | 1,500 |  | 80,400 |  |

Cash at bank | 29,065 |  | 35,210 |  |

30,565 |  | 115,610 |  |

Creditors

Amounts falling due within one year | 5 | 20,737 |  | 48,051 |  |

Net current assets | 9,828 |  | 67,559 |  |

Total assets less current liabilities

and

Net assets attributable to members | 3,369,242 |  | 3,426,973 |  |

Loans and other debts due to members | 6 | 1,902,692 |  | 1,960,423 |  |

Members' other interests

Revaluation reserve | 7 | 1,466,550 |  | 1,466,550 |  |

3,369,242 |  | 3,426,973 |  |

Total members' interests

Loans and other debts due to members | 6 | 1,902,692 |  | 1,960,423 |  |

Members' other interests | 1,466,550 |  | 1,466,550 |  |

3,369,242 |  | 3,426,973 |  |

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 31st 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.

| Ablett Property LLP (Registered number: OC316717) |

Balance Sheet - continued

31st March 2026

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and loss account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 15th May 2026 and were signed by:

P R Ablett - Designated member

| Ablett Property LLP (Registered number: OC316717) |

Notes to the Financial Statements

for the Year Ended 31st March 2026

1. | 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 as modified by the revaluation of certain assets.

| Revenue recognition

| The company recognises revenue to the extent that it obtains the right to consideration in exchange for its performance under contract. The right to consideration arises when some, but not necessarily all, of the contractual obligations have been fulfilled.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Taxation

| The tax payable on the profits is the personal liability of the members.

2. | Employee information

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

3. | Investment property

| Total

£ |

| Fair value

| At 1st April 2025

| and 31st March 2026 | 3,359,414 |  |

| Net book value

| At 31st March 2026 | 3,359,414 |  |

| At 31st March 2025 | 3,359,414 |  |

| Fair value at 31st March 2026 is represented by:

£ |

| Valuation in 2009 | 295,100 |  |

| Valuation in 2015 | 136,330 |  |

| Valuation in 2018 | 145,000 |  |

| Valuation in 2022 | 200,000 |  |

| Valuation in 2023 | 120,120 |  |

| Valuation in 2024 | 570,000 |  |

| Cost | 1,892,864 |  |

3,359,414 |  |

| Ablett Property LLP (Registered number: OC316717) |

Notes to the Financial Statements - continued

for the Year Ended 31st March 2026

3. | Investment property - continued

| If the investment property had not been revalued it would have been included at the following historical cost:

2026 | 2025 |

£ | £ |

| Cost | 1,892,865 |  | 1,892,865 |  |

| The investment properties were valued on an open market basis on 31st March 2025 by independent valuers .

4. | Debtors: amounts falling due within one year |

2026 | 2025 |

£ | £ |

| Trade debtors | 1,500 |  | 80,400 |  |

5. | Creditors: amounts falling due within one year |

2026 | 2025 |

£ | £ |

| Trade creditors | 16,066 |  | 22,967 |  |

| Taxation and social security | 3,271 |  | 23,684 |  |

| Other creditors | 1,400 |  | 1,400 |  |

20,737 |  | 48,051 |  |

6. | Loans and other debts due to members |

| Capital loans and other debt due to members rank pari passu with other creditors.

7. | Reserves

| Revaluatio

| reserve

£ |

| At 1st April 2025

| and 31st March 2026 | 1,466,550 |  |