Boultbee Brooks (Prospect House) Limited Liability Partnership LLP accounts

REGISTERED NUMBER: OC396234

Boultbee Brooks (Prospect House) Limited Liability Partnership

Unaudited Financial Statements

31 December 2025

Boultbee Brooks (Prospect House) Limited Liability Partnership

Financial Statements

Year ended 31st December 2025

Contents	Page

Members' report	1

Statement of comprehensive income	2

Statement of financial position	3

Reconciliation of members' interests	5

Notes to the financial statements	7

Boultbee Brooks (Prospect House) Limited Liability Partnership

Members' Report

Year ended 31st December 2025

The members present their report and the unaudited financial statements of the LLP for the year ended 31 December 2025 .

Principal activities

The principal activity of the company during the year was to administer a loan to which it was party, on behalf of group and related parties.

Designated members

The designated members who served the LLP during the year were as follows:

Retail Growth LLP
Boultbee Brooks (Prospect House 2) LLP

Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members

Members are permitted to make drawings when profits have been allocated to them, subject to sufficient maintenance of working capital. Drawings are determined after the end of each calendar quarter.

New members are required to subscribe a minimum level of capital and any subsequent capital requirements maybe determined by unanimous consent of the members. Withdrawal of capital maybe allowed on refinance of the investment property or upon sale.

This report was approved by the members on 4 September 2026 and signed on behalf of the members by:

L.Roberts;Director of member of designated member Boultbee Brooks (Prospect House 2) LLP

Registered office:

Shell Store

Canary Drive

Rotherwas

Hereford

HR2 6SR

Boultbee Brooks (Prospect House) Limited Liability Partnership

Statement of Comprehensive Income

Year ended 31st December 2025

	2025	2024
Note	£	£
Other operating expenses	32	35
	----	----
Operating loss	( 32)	( 35)

	----	----
Loss for the financial year before members' remuneration and profit shares available for discretionary division among members	(32)	(35)
	----	----

All the activities of the LLP are from continuing operations.

Boultbee Brooks (Prospect House) Limited Liability Partnership

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Current assets

Debtors	4	6,672,844	9,141,952
Cash at bank and in hand		916	51,660
		------------	------------
		6,673,760	9,193,612

Creditors: amounts falling due within one year	5	5,729,768	2,959,547
		------------	------------
Net current assets		943,992	6,234,065
		---------	------------
Total assets less current liabilities		943,992	6,234,065

Creditors: amounts falling due after more than one year	6	–	5,290,000
		---------	------------
Net assets		943,992	944,065
		---------	------------

Represented by:

Loans and other debts due to members

Other amounts	8	246,602	246,675

Members' other interests

Members' capital classified as equity	697,390	697,390
Other reserves	–	–
	---------	---------
	943,992	944,065
	---------	---------

Total members' interests

Loans and other debts due to members	8	246,602	246,675
Members' other interests		697,390	697,390
		---------	---------
		943,992	944,065
		---------	---------

These financial statements have been prepared 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'.

For the year ending 31st December 2025 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 .

Boultbee Brooks (Prospect House) Limited Liability Partnership

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the members and authorised for issue on 4 September 2026 , and are signed on their behalf by:

L.Roberts;Director of member of designated member Boultbee Brooks (Prospect House 2) LLP

Registered number: OC396234

Boultbee Brooks (Prospect House) Limited Liability Partnership

Reconciliation of Members' Interests

Year ended 31st December 2025

	Members' other interests			Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Other amounts	Total	Total 2025
	£	£	£	£	£	£
Balance at 1st January 2025	697,390	–	697,390	246,675	246,675	944,065
Loss for the financial year available for discretionary division among members		(32)	(32)			(32)
	---------	----	---------	---------	---------	---------
Members' interests after loss for the year	697,390	(32)	697,358	246,675	246,675	944,033
Other division of profits		32	32	(32)	(32)	–
Drawings				(41)	(41)	(41)
	---------	----	---------	---------	---------	---------
Balance at 31st December 2025	697,390	–	697,390	246,602	246,602	943,992
	---------	----	---------	---------	---------	---------

Boultbee Brooks (Prospect House) Limited Liability Partnership

Reconciliation of Members' Interests (continued)

Year ended 31st December 2025

	Members' other interests			Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Other amounts	Total	Total 2024
	£	£	£	£	£	£
Balance at 1st January 2024	697,390	–	697,390	246,751	246,751	944,141
Loss for the financial year available for discretionary division among members		(35)	(35)			(35)
	---------	----	---------	---------	---------	---------
Members' interests after loss for the year	697,390	(35)	697,355	246,751	246,751	944,106
Other division of profits		35	35	(35)	(35)	–
Drawings				(41)	(41)	(41)
	---------	----	---------	---------	---------	---------
Balance at 31st December 2024	697,390	–	697,390	246,675	246,675	944,065
	---------	----	---------	---------	---------	---------

Boultbee Brooks (Prospect House) Limited Liability Partnership

Notes to the Financial Statements

Year ended 31st December 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is Shell Store, Canary Drive, Rotherwas, Hereford, HR2 6SR.

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 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

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 discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

Boultbee Brooks (Prospect House) Limited Liability Partnership

Notes to the Financial Statements (continued)

Year ended 31st December 2025

3. Accounting policies (continued)

Members' participation rights (continued)

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4.	Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the LLP has a participating interest	1,071,668	1,071,668
Other debtors	5,601,176	8,070,284
	------------	------------
	6,672,844	9,141,952
	------------	------------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	–	6,586,533
	----	------------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,290,000	2,556,000
Trade creditors	–	82
Amounts owed to group undertakings and undertakings in which the LLP has a participating interest	352,790	402,791
Other creditors	86,978	674
	------------	------------
	5,729,768	2,959,547
	------------	------------

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

	2025	2024
	£	£
Bank loans and overdrafts	–	5,290,000
	----	------------

7.	Financial instruments

Financial assets and liabilities are accounted for on an amortised cost basis.

8.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	246,602	246,675
	---------	---------

9.	Controlling party

The parent LLP is Boultbee Brooks (Prospect House 2) LLP whose registered office is at Shell Store, Canary Drive, Rotherwas, Hereford, HR2 6SR.