REGISTERED NUMBER: OC373545 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Morondava Property LLP

Page

General Information

1

Report of the Members

2

Profit and Loss Account

3

Other Comprehensive Income

4

Abridged Balance Sheet

5

Reconciliation of Members' Interests

7

Notes to the Financial Statements

9

DESIGNATED MEMBERS:

Mr M J Bellamy

Mrs G Bellamy

REGISTERED OFFICE:

Suite 3

Falcon Court Business Centre

College Road

Maidstone

Kent

ME15 6TF

REGISTERED NUMBER:

OC373545 (England and Wales)

ACCOUNTANTS:

Skyfire Accountancy Ltd

The Old Rectory

Springhead Road

Northfleet

Kent

DA11 8HN

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

CESSATION OF TRADING

The LLP ceased trading on 31 March 2026.

PRINCIPAL ACTIVITY

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

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr M J Bellamy

Mrs G Bellamy

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £22,519 (2025 - £14,846 loss).

MEMBERS' INTERESTS

Members are permitted to make drawings in anticipation of profits that are due to them after the consideration of the working capital requirements of the Limited Liability Partnership and other regulatory requirements.

The profits are shared between the members on a pre-agreed basis after taking into account many varying factors. Any transfers between members or members' accounts have been agreed by the relevant members involved.

Capital introduced from new members as subscribed capital and the repayment of the capital is set at the appointment date by agreement of the new member and the existing members. Capital introduced during the course of the business by existing members is due to be repaid in full with no interest charged to the Limited Liability Partnership.

This report has been prepared in accordance with the special provisions of Part 15 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 small LLPs.

ON BEHALF OF THE MEMBERS:

Mr M J Bellamy - Designated member

10 September 2026

TURNOVER

13,500

7,500

Cost of sales

1,296

1,620

GROSS PROFIT

12,204

5,880

Administrative expenses

23,326

5,095

OPERATING (LOSS)/PROFIT

(11,122

)

785

Interest payable and similar expenses

11,397

15,631

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

(22,519

)

(14,846

)

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

(22,519

)

(14,846

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(22,519

)

(14,846

)

FIXED ASSETS

Tangible assets

5

382

450

Investment property

6

-

390,000

382

390,450

CURRENT ASSETS

Debtors

7

456

203

Cash at bank

-

262

456

465

CREDITORS

Amounts falling due within one year

-

2,800

NET CURRENT ASSETS/(LIABILITIES)

456

(2,335

)

TOTAL ASSETS LESS CURRENT LIABILITIES

838

388,115

CREDITORS

Amounts falling due after more than one year

8

-

214,896

NET ASSETS ATTRIBUTABLE TO MEMBERS

838

173,219

LOANS AND OTHER DEBTS DUE TO MEMBERS

838

40,219

MEMBERS' OTHER INTERESTS

Fair value reserve

-

133,000

838

173,219

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

838

40,219

Members' other interests

-

133,000

Amounts due from members

7

(455

)

-

383

173,219

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) 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 financial statements were approved by the members of the LLP and authorised for issue on 10 September 2026 and were signed by:

Mr M J Bellamy - Designated member

Mrs G Bellamy - 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

Other

reserves

amounts

Total

£

£

£

Amount due to members

40,219

Amount due from members

-

Balance at 1 April 2025

133,000

40,219

173,219

Loss for the financial year available for discretionary division among members

(22,519

)

-

(22,519

)

Members' interests after loss for the year

110,481

40,219

150,700

Other divisions of loss

22,519

(22,519

)

-

Reserve transfer

(133,000

)

-

(133,000

)

Introduced by members

-

148,263

148,263

Drawings on account and distributions of profit

-

(165,580

)

(165,580

)

Amount due to members

838

Amount due from members

(455

)

Balance at 31 March 2026

-

383

383

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

37,567

Amount due from members

-

Balance at 1 April 2024

133,000

37,567

170,567

Loss for the financial year available for discretionary division among members

(14,846

)

-

(14,846

)

Members' interests after loss for the year

118,154

37,567

155,721

Other divisions of loss

14,846

(14,846

)

-

Introduced by members

-

20,748

20,748

Drawings on account and distributions of profit

-

(3,250

)

(3,250

)

Amount due to members

40,219

Amount due from members

-

Balance at 31 March 2025

133,000

40,219

173,219

Protection is afforded to secured creditors in the event of a winding-up of the LLP, which is legally enforceable and cannot be revoked at will by the members.

1.	STATUTORY INFORMATION

Morondava 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The accounts have not been prepared on a going concern basis as the LLP ceased to trade during the period.

Revenue recognition

Sales comprise the fair value of the consideration received or receivable for the sale of services in the ordinary course of the LLP's activities. Sales are presented, net of value-added tax, rebates and discounts.

The LLP recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows:

Rental income from operating leases (net of any incentives given to the lessees) is recognised when the right to receive payment is established.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

4.	EMPLOYEE INFORMATION

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

and 31 March 2026

2,344

DEPRECIATION

At 1 April 2025

1,894

Charge for year

68

At 31 March 2026

1,962

NET BOOK VALUE

At 31 March 2026

382

At 31 March 2025

450

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

390,000

Disposals

(390,000

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

390,000

7.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

1

-

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.26

31.3.25

£

£

Repayable otherwise than by instalments

Mortgage

-

211,863

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

-

217,696

The bank loans are secured against the properties held within investment properties.