SO BARNES LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC455471

		31 March 2026
	Notes	£	£
FIXED ASSETS
Tangible Assets			800,290

			800,290
CURRENT ASSETS
Debtors	4	441
Cash at bank and in hand		15,267

		15,708
Creditors: Amounts Falling Due Within One Year	5	(2,278 )

NET CURRENT ASSETS (LIABILITIES)			13,430

TOTAL ASSETS LESS CURRENT LIABILITIES			813,720

Creditors: Amounts Falling Due After More Than One Year	6		(163,433 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			650,287

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		13,221

			13,221

Equity
Members' other interests
Members' capital		637,066

			637,066

			650,287

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			13,221
Members' other interests			637,066

			650,287

Page 1

Page 2

SO BARNES LLP

Balance Sheet (continued)

As At 31 March 2026

For the period ending 31 March 2026 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 applicable to LLPs subject to the small LLPs regime.)

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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mrs Olwyn Barnes

Designated Member

04/08/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

SO BARNES LLP is a limited liability partnership, incorporated in England & Wales, registered number OC455471 . The Registered Office is 45 Court Meadow, Stone, Berkeley, Gloucestershire, GL13 9LR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the property rental.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Computer Equipment	33.33%

2.4. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the Balance Sheet.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the period was: NIL

4. Debtors

	31 March 2026
	£
Due within one year
Other debtors	441

5. Creditors: Amounts Falling Due Within One Year

	31 March 2026
	£
Other loans	1,318
Other creditors	960

	2,278

Page 3

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SO BARNES LLP

Notes to the Financial Statements (continued)

For the Period 12 February 2025 to 31 March 2026

6. Creditors: Amounts Falling Due After More Than One Year

	31 March 2026
	£
Bank loans	163,433

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