REGISTERED NUMBER: OC330962 (England and Wales)

KLS Property Investments LLP

Unaudited Financial Statements

for the Year Ended 4th April 2026

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S C Osborne

Mrs L P Osborne

K B Osborne

Mrs R Osborne

REGISTERED OFFICE:

c/o Mrs L Osborne

Glen View

Penvean Lane

Falmouth

Cornwall

TR11 4JF

REGISTERED NUMBER:

OC330962 (England and Wales)

ACCOUNTANTS:

Hodgsons

Chartered Accountants

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

FIXED ASSETS

Tangible assets

4

46

58

Investment property

5

400,000

400,000

400,046

400,058

CURRENT ASSETS

Debtors

6

1,329

1,225

Cash at bank

19,031

12,261

20,360

13,486

CREDITORS

Amounts falling due within one year

7

1,574

1,550

NET CURRENT ASSETS

18,786

11,936

TOTAL ASSETS LESS CURRENT LIABILITIES

418,832

411,994

CREDITORS

Amounts falling due after more than one year

8

134,432

131,779

NET ASSETS ATTRIBUTABLE TO MEMBERS

284,400

280,215

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

108,652

104,467

MEMBERS' OTHER INTERESTS

Capital accounts

175,748

175,748

284,400

280,215

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

108,652

104,467

Members' other interests

175,748

175,748

284,400

280,215

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 4th April 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 9th September 2026 and were signed by:

Mrs L P Osborne - Designated member

1.	STATUTORY INFORMATION

KLS Property Investments LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

These financial statements cover the individual entity.

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.

The LLP's accounts have been prepared in compliance with the LLP SORP (2017).

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

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.

The fair value is not based on a valuation by an independent valuer.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the statement of financial position.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members'.

The remainder of profit shares, which have not been allocated until after the statement of financial position date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 5th April 2025

and 4th April 2026

7,767

DEPRECIATION

At 5th April 2025

7,709

Charge for year

12

At 4th April 2026

7,721

NET BOOK VALUE

At 4th April 2026

46

At 4th April 2025

58

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 5th April 2025

and 4th April 2026

400,000

NET BOOK VALUE

At 4th April 2026

400,000

At 4th April 2025

400,000

Fair value at 4th April 2026 is represented by:

£

Valuation in 2017

(22,150

)

Valuation in 2018

7,230

Valuation in 2019

35,000

Valuation in 2020

(27,666

)

Valuation in 2022

25,000

Valuation in 2024

25,000

Cost

357,586

400,000

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

357,586

357,586

Investment property was valued on a fair value basis on 4th April 2026 by the designated members .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

650

625

Other debtors

679

600

1,329

1,225

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

1,574

1,550

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

134,432

131,779

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage

134,432

131,779

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Mortgage

134,432

131,779

Mortgage

The current mortgage is secured by way of a fixed charge over a property at Pengarth Rise, Falmouth, Cornwall.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans and other debts rank equally to other creditors.

No restrictions or limitations exist on the ability of the members to reduce the amount of 'Members' other interests'.