Lone Star Partners LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC416745

Lone Star Partners LLP

Filleted Unaudited Financial Statements

31 March 2026

Lone Star Partners LLP

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	4	1,578,009	1,578,999

Current assets

Debtors	5	8,058	16,004
Cash at bank and in hand		4,888	2,851
		--------	--------
		12,946	18,855

Creditors: amounts falling due within one year	6	619	601
		--------	--------
Net current assets		12,327	18,254
		------------	------------
Total assets less current liabilities		1,590,336	1,597,253

Creditors: amounts falling due after more than one year	7	1,006,852	1,006,119
		------------	------------
Net assets		583,484	591,134
		------------	------------

Represented by:

Loans and other debts due to members

Other amounts	8	583,484	591,134
		---------	---------

Members' other interests

Other reserves	–	–
	---------	---------
	583,484	591,134
	---------	---------

Total members' interests

Amounts due from members		(7,468)	(15,414)
Loans and other debts due to members	8	583,484	591,134
Members' other interests		–	–
		---------	---------
		576,016	575,720
		---------	---------

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 income and retained earnings has not been delivered.

For the year ending 31 March 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 .

Lone Star Partners LLP

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the members and authorised for issue on 16 August 2026 , and are signed on their behalf by:

Mr B Reich

Designated Member

Registered number: OC416745

Lone Star Partners LLP

Notes to the Financial Statements

Year ended 31 March 2026

1.	General information

The LLP is registered in England and Wales. The address of the registered office is 285 Goldhawk Road, London, W12 8EU.

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 2018 (SORP 2018).

3.	Accounting policies

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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 is discretionary on the part of the LLP.

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.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% reducing balance

4.	Tangible assets

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2025 and 31 March 2026	1,573,498	17,171	1,590,669
	------------	--------	------------
Depreciation
At 1 April 2025	–	11,670	11,670
Charge for the year	–	990	990
	------------	--------	------------
At 31 March 2026	–	12,660	12,660
	------------	--------	------------
Carrying amount
At 31 March 2026	1,573,498	4,511	1,578,009
	------------	--------	------------
At 31 March 2025	1,573,498	5,501	1,578,999
	------------	--------	------------

5.	Debtors

	2026	2025
	£	£
Trade debtors	590	590
Other debtors	7,468	15,414
	-------	--------
	8,058	16,004
	-------	--------

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Other creditors	619	601
	----	----

7. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	1,006,852	1,006,119
	------------	------------

8.	Loans and other debts due to members

	2026	2025
	£	£
Other amounts	583,484	591,134
	---------	---------