ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: OC401172

SWINDON REGENT STREET 2015 LLP

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

SWINDON REGENT STREET 2015 LLP

REGISTERED NUMBER: OC401172

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Investment property	4		530,000		530,000
Current assets
Debtors: amounts falling due within one year	5	32,041		40,586
Cash at bank and in hand	6	7,240		210
		39,281		40,796
Creditors: amounts falling due within one year	7	(207,654)		(601,050)
Net current liabilities			(168,373)		(560,254)
Total assets less current liabilities			361,627		(30,254)
Creditors: amounts falling due after more than one year	8		(405,221)		-

Net liabilities			(43,594)		(30,254)

Represented by:
Loans and other debts due to members within one year
Other amounts	10		772,727		786,067
Members' other interests
Members' capital classified as equity		400		400
Other reserves classified as equity		(816,721)		(816,721)
			(816,321)		(816,321)
			(43,594)		(30,254)

Total members' interests
Loans and other debts due to members	10	772,727	786,067
Members' other interests		(816,321)	(816,321)
		(43,594)	(30,254)

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act

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SWINDON REGENT STREET 2015 LLP

REGISTERED NUMBER: OC401172

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2026

2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by:

Rosie Finance Limited

Designated member

Date: 1 October 2026

The notes on pages 3 to 7 form part of these financial statements.

Swindon Regent Street 2015 LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

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SWINDON REGENT STREET 2015 LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Swindon Regent Street 2015 LLP is a limited liability partnership registered in England and Wales. The registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

After making enquires, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.3

Revenue

Revenue comprises rental income, service charges and other recoveries from tenants of the LLP's investment properties net of value added tax. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits both automatically and discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

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SWINDON REGENT STREET 2015 LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's balance sheet when the LLP becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

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SWINDON REGENT STREET 2015 LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.10

Financial instruments (continued)

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Employees

The entity has no employees.

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 April 2025	530,000
	At 31 March 2026	530,000

The 2026 valuations were made by designated members,, on an open market value for existing use basis.

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SWINDON REGENT STREET 2015 LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Debtors

					2026	2025
					£	£


Trade debtors	5,500	5,500
Prepayments and accrued income	26,541	35,086
	32,041	40,586

6.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	7,240	210
Less: bank overdrafts	-	(193,890)
	7,240	(193,680)

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank overdrafts	-	193,890
Bank loans	-	200,400
Trade creditors	3,555	1,155
Other taxation and social security	2,265	2,771
Other creditors	195,500	196,500
Accruals and deferred income	6,334	6,334
	207,654	601,050

Bank loans are secured by a fixed and floating charge over all assets of the LLP.

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SWINDON REGENT STREET 2015 LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

8.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

	Bank loans	405,221	-

Bank loans are secured by a fixed and floating charge over all assets of the LLP.

Amounts falling due within one year
Bank loans	-	200,400
Amounts falling due 2-5 years
Bank loans	405,221	-
	405,221	200,400


	Other amounts due to members	772,727	786,067

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

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