REGISTERED NUMBER: OC314538 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Praia Investments LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J Thornley

A R Thornley

REGISTERED OFFICE:

Hive 365

Astute House

Wilmslow Road

Wilmslow

SK9 3HP

REGISTERED NUMBER:

OC314538 (England and Wales)

ACCOUNTANTS:

Raise

Chartered Accountants

Trimble House

9 Bold Street

Warrington

WA1 1DN

BANKERS:

Santander

298 Deansgate

Manchester

M3 4HH

FIXED ASSETS

Intangible assets

4

27,108

35,042

Investment property

5

-

631,500

27,108

666,542

CURRENT ASSETS

Debtors

6

619,070

19,192

Cash in hand

10,487

84,129

629,557

103,321

CREDITORS

Amounts falling due within one year

7

749

16,630

NET CURRENT ASSETS

628,808

86,691

TOTAL ASSETS LESS CURRENT LIABILITIES

655,916

753,233

CREDITORS

Amounts falling due after more than one year

8

64,533

127,767

NET ASSETS ATTRIBUTABLE TO MEMBERS

591,383

625,466

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

154,732

188,815

MEMBERS' OTHER INTERESTS

Fair value reserve

10

436,651

436,651

591,383

625,466

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

154,732

188,815

Members' other interests

436,651

436,651

Amounts due from members

6

(93,900

)

(4,820

)

497,483

620,646

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 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 August 2026 and were signed by:

J Thornley - Designated member

1.	STATUTORY INFORMATION

Praia Investments 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 as modified by the revaluation of certain assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

79,340

AMORTISATION

At 1 April 2025

44,298

Charge for year

7,934

At 31 March 2026

52,232

NET BOOK VALUE

At 31 March 2026

27,108

At 31 March 2025

35,042

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

631,500

Disposals

(631,500

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

631,500

The investment properties were valued as at 31 August 2019 by J Thornley (Chartered Surveyor) BSC MRICS, a designated member of the company. The fair value of the properties was £818,000

No depreciation is provided in respect of these properties.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2009

463,000

Valuation in 2016

30,000

Valuation in 2017

(15,000

)

Valuation in 2018

(12,000

)

Valuation in 2019

(236,000

)

Cost

(230,000

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

619,070

19,192

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

-

8,800

Trade creditors

(1

)

2,089

Taxation and social security

-

2,464

Other creditors

750

3,277

749

16,630

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

64,533

127,767

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts shown within loans and other debts due to members currently rank last compared with other creditors.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2025

and 31 March 2026

436,651

11.	RELATED PARTY DISCLOSURES

Praia Investments LLP has made an interest free loan to Thornley Group Holdings Ltd which as at 31 March 2026 was at a balance of £519,550.02. This was introduced in the accounts in the year.

ARHJ Ltd has also made an interest free loan to Praia Investments LLP, the balance on this loan at the year end was £64,533.09 (2025: £86,533.09).