REGISTERED NUMBER: OC347265 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

36-37 WELLINGTON SQUARE LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

P S Matthews

F Sohail

R C Tanner

D Hanlon

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

OC347265 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

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

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property rental.

DESIGNATED MEMBERS

The designated members during the year under review were:

P S Matthews

F Sohail

R C Tanner

D Hanlon

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £43,901 (2025 - £43,963 profit).

MEMBERS' INTERESTS

The policies regarding the allocation of profits to members, drawings and the subscription and repayment of members' capital are disclosed in the accounting policies, note 1 of the financial statements.

The members' interests are disclosed in note 8 of the financial statements.

ON BEHALF OF THE MEMBERS:

R C Tanner - Designated member

16 July 2026

TURNOVER

76,179

79,255

Administrative expenses

(32,278

)

(35,292

)

OPERATING PROFIT and

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

43,901

43,963

FIXED ASSETS

Investment property

4

1,570,957

1,570,957

CURRENT ASSETS

Debtors

5

4,312

7,976

Cash at bank

18,373

38,128

22,685

46,104

CREDITORS

Amounts falling due within one year

6

1,140

2,760

NET CURRENT ASSETS

21,545

43,344

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,592,502

1,614,301

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

862,502

884,301

MEMBERS' OTHER INTERESTS

Capital accounts

730,000

730,000

1,592,502

1,614,301

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

862,502

884,301

Members' other interests

730,000

730,000

1,592,502

1,614,301

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 16 July 2026 and were signed by:

R C Tanner - Designated member

1.	STATUTORY INFORMATION

36-37 Wellington Square 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 represents net invoiced rent received excluding value added tax.

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.

Capital subscription and repayment

The capital requirements of the partnership are determined from time to time by the Designated Members. The amount of capital subscribed by each member is linked to the earnings allocated to that member. No interest is paid on capital.

Allocation of profits and drawings

The allocation of profits to those who were members during the year is made by unanimous vote of the Designated Members.

During the year members draw sums as agreed by the Designated Members, taking into account the partnership's cash requirements for operating and investing activities.

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

and 31 March 2026

1,570,957

NET BOOK VALUE

At 31 March 2026

1,570,957

At 31 March 2025

1,570,957

Fair value at 31 March 2026 is represented by:

£

Valuation in 2015

60,113

Valuation in 2016

115,608

Valuation in 2023

739,166

Cost

656,070

1,570,957

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

31.3.26

31.3.25

£

£

Cost

655,796

655,796

The investment property was valued on an open market basis on 31 March 2026 by the designated members .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

-

4,731

Prepayments

4,312

3,245

4,312

7,976

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

-

1,680

Other creditors

1,140

1,080

1,140

2,760

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

36-37 Wellington Square Hastings East Sussex contains a fixed and floating charge. Floating charge covers all the property or undertaking of the LLP. The charge contains a negative pledge.

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Unsecured debt due to members will rank equally with debts due to other unsecured creditors in the event of the LLP winding up.

9.	RELATED PARTY DISCLOSURES

The limited liability partnership is controlled by the designated members. The only transactions with the designated members were in the normal course of business.