REGISTERED NUMBER: OC451087 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

ALTMAN ESTATES LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Mr D A Altman

Mrs N F Altman

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

OC451087 (England and Wales)

ACCOUNTANTS:

Beavis Morgan LLP

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

1,600,000

950,000

CURRENT ASSETS

Cash at bank

3,358

1,286

CREDITORS

Amounts falling due within one year

5

2,868

2,100

NET CURRENT ASSETS/(LIABILITIES)

490

(814

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,600,490

949,186

CREDITORS

Amounts falling due after more than one year

6

842,295

493,084

NET ASSETS ATTRIBUTABLE TO MEMBERS

758,195

456,102

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

758,195

456,102

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

758,195

456,102

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 19 August 2026 and were signed by:

Mr D A Altman - Designated member

Mrs N F Altman - Designated member

1.	STATUTORY INFORMATION

Altman Estates 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 represents the value of rental income chargeable in respect of the LLP's investment properties.

Turnover is recognised evenly over the period of the rental agreements.

Investment property

Investment properties are carried at fair values. Revaluation surpluses are recognised in the statement of

income. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small entities. The partners considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

950,000

Additions

1,025,000

Disposals

(375,000

)

At 31 March 2026

1,600,000

NET BOOK VALUE

At 31 March 2026

1,600,000

At 31 March 2025

950,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

2,868

2,100

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

842,295

493,084

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

842,295

493,084

The bank loans are secured by way of a fixed charge over the relevant properties owned by the LLP.

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with other creditors on a winding up.