Zaro Property LLP - LLP accounts 24.3

REGISTERED NUMBER: OC426658 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

ZARO PROPERTY LLP

Page

General Information

1

Report of the Members

2

Profit and Loss Account

3

Balance Sheet

4

Reconciliation of Members' Interests

5

Notes to the Financial Statements

7

DESIGNATED MEMBERS:

Mr J E Nichols

Mrs A Nichols

REGISTERED OFFICE:

7 Broomfield Lane

Hale

Altrincham

Cheshire

WA15 9AP

REGISTERED NUMBER:

OC426658 (England and Wales)

ACCOUNTANTS:

Thompson Wright (Hale) Limited

Chartered Accountants

Spring Court

Spring Road

Hale

Altrincham

Cheshire

WA14 2UQ

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr J E Nichols

Mrs A Nichols

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £30 (2025 - £25,002 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr J E Nichols - Designated member

27 August 2026

TURNOVER

-

Administrative expenses

17,605

8,686

(17,605

)

(8,686

)

Other operating income

43,347

43,861

OPERATING PROFIT

25,742

35,175

Interest payable and similar expenses

25,772

10,173

(LOSS)/PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT SHARES

(30

)

25,002

(LOSS)/PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT SHARES

(30

)

25,002

Members' remuneration charged as an expense

4

30

(25,002

)

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR
DISCRETIONARY DIVISION AMONG MEMBERS

-

FIXED ASSETS

Investment property

5

571,268

CURRENT ASSETS

Debtors

6

96,343

89,690

Cash at bank

4,362

8,311

100,705

98,001

CREDITORS

Amounts falling due within one year

7

1,614

1,660

NET CURRENT ASSETS

99,091

96,341

TOTAL ASSETS LESS CURRENT LIABILITIES

670,359

667,609

CREDITORS

Amounts falling due after more than one year

8

402,271

172,096

NET ASSETS ATTRIBUTABLE TO MEMBERS

268,088

495,513

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

268,088

495,513

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

268,088

495,513

Amounts due from members

6

(78,350

)

(80,336

)

189,738

415,177

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 27 August 2026 and were signed by:

Mr J E Nichols - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

reserves

amounts

Total

£

Amount due to members

495,513

Amount due from members

(80,336

)

Balance at 1 April 2025

-

415,177

Members' remuneration charged as an
expense, including employment and
retirement benefit costs

-

(30

)

(30

)

Profit for the financial year available for
discretionary division among members

-

Members' interests after profit for the year

-

415,147

Introduced by members

-

4,591

Drawings on account and distributions of
profit

-

(230,000

)

(230,000

)

Amount due to members

268,088

Amount due from members

(78,350

)

Balance at 31 March 2026

-

189,738

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

reserves

amounts

Total

£

Amount due to members

487,491

Amount due from members

(90,837

)

Balance at 1 April 2024

-

396,654

Members' remuneration charged as an
expense, including employment and
retirement benefit costs

-

25,002

Profit for the financial year available for
discretionary division among members

-

Members' interests after profit for the year

-

421,656

Introduced by members

-

495

Drawings on account and distributions of
profit

-

(6,974

)

(6,974

)

Amount due to members

495,513

Amount due from members

(80,336

)

Balance at 31 March 2025

-

415,177

1.	STATUTORY INFORMATION

Zaro Property LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.	INFORMATION IN RELATION TO MEMBERS

31.3.26

31.3.25

£

Members' remuneration charged as an expense

Automatic division of (loss)/profit

(30

)

25,002

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

571,268

NET BOOK VALUE

At 31 March 2026

571,268

At 31 March 2025

571,268

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

2,500

-

Amounts owed by related parties

15,493

9,354

Other debtors

78,350

80,336

96,343

89,690

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Amounts owed to related parties

-

46

Other creditors

1,614

1,660

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Bank loans

402,271

172,096

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

172,271

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

Bank loans

402,271

172,096

The bank loans are secured by either a fixed charge and a negative pledge with Handelsbanken PLC and West One Secured Loans Ltd over land and property and other fixed assets owned either now or in the future, by the partners.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts due to members would rank equally as unsecured liabilities with other creditors.

11.	ULTIMATE CONTROLLING PARTY

J E Nichols and A Nichols jointly represent the ultimate controlling party by virtue of their status as members of the LLP.