Princesses And Pirates Property LLP

REGISTERED NUMBER: OC363102 (England and Wales)

Report of the Members and

Financial Statements for the Year Ended 31 March 2026

for

Page

General Information

1

Report of the Members

2

Income Statement

3

Statement of Financial Position

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Ms J N De Lima

Mr B S Halpin

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

OC363102 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

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 rental services.

DESIGNATED MEMBERS

The designated members during the year under review were:

Ms J N De Lima

Mr B S Halpin

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £36,078 (2025 - £14,913 profit).

MEMBERS' INTERESTS

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

New members are required to subscribe to a minimum level of capital and in subsequent years, members are invited to subscribe for further capital, the amounts of which are determined by the performance and seniority of those members.

On retirement, capital is repaid to members.

ON BEHALF OF THE MEMBERS:

Mr B S Halpin - Designated member

4 August 2026

TURNOVER

64,320

57,263

Cost of sales

20,171

31,917

GROSS PROFIT

44,149

25,346

Administrative expenses

8,303

10,796

OPERATING PROFIT

35,846

14,550

Interest receivable and similar income

232

363

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

36,078

14,913

FIXED ASSETS

Tangible assets

4

206,664

-

Investment property

5

1,282,911

1,489,575

1,282,911

CURRENT ASSETS

Debtors

6

675

4,192

Cash at bank

29,705

27,220

30,380

31,412

CREDITORS

Amounts falling due within one year

7

56,835

54,645

NET CURRENT LIABILITIES

(26,455

)

(23,233

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,463,120

1,259,678

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,463,120

1,259,678

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

1,463,120

1,259,678

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 4 August 2026 and were signed by:

Mr B S Halpin - Designated member

1.	STATUTORY INFORMATION

Princesses And Pirates 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.	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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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.	TANGIBLE FIXED ASSETS

Improvemen

to

property

£

COST

Additions

206,664

At 31 March 2026

206,664

NET BOOK VALUE

At 31 March 2026

206,664

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,282,911

NET BOOK VALUE

At 31 March 2026

1,282,911

At 31 March 2025

1,282,911

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

1,282,911

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Other debtors

675

4,192

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Amounts owed to group undertakings

39,645

Taxation and social security

2,190

-

Other creditors

15,000

56,835

54,645

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members have no preferential rank in relation to other creditors.

9.	RELATED PARTY DISCLOSURES

The designated members Mr B Halpin and Ms J N De Lima are considered to be key management personnel.