REGISTERED NUMBER: OC435441 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2025 to 5 April 2026

for

Excelsior Residential Property LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs L J Hannigan

A J Hannigan

REGISTERED OFFICE:

44 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

REGISTERED NUMBER:

OC435441 (England and Wales)

ACCOUNTANTS:

APT

44 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

FIXED ASSETS

Tangible assets

4

1,120

2,240

Investment property

5

2,150,000

2,250,000

2,151,120

2,252,240

CURRENT ASSETS

Debtors

6

95,877

8,646

Cash at bank

215,258

674

311,135

9,320

CREDITORS

Amounts falling due within one year

7

1,282,340

2,209

NET CURRENT (LIABILITIES)/ASSETS

(971,205

)

7,111

TOTAL ASSETS LESS CURRENT LIABILITIES

1,179,915

2,259,351

CREDITORS

Amounts falling due after more than one year

8

-

1,200,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,179,915

1,059,351

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

117,095

-

MEMBERS' OTHER INTERESTS

Capital accounts

1,062,820

1,059,351

1,179,915

1,059,351

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

117,095

-

Members' other interests

1,062,820

1,059,351

1,179,915

1,059,351

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 period ended 5 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 24 September 2026 and were signed by:

A J Hannigan - Designated member

1.	STATUTORY INFORMATION

Excelsior Residential 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.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern

Current liabilities exceed current assets, however, after reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover represents gross rents received net of value added tax. It represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Other income

Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method. Other income is recognised on an accruals basis in accordance with the substance of the agreement.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

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.

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Provision for liabilities

Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 5 April 2026

5,600

DEPRECIATION

At 1 April 2025

3,360

Charge for period

1,120

At 5 April 2026

4,480

NET BOOK VALUE

At 5 April 2026

1,120

At 31 March 2025

2,240

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

2,250,000

Revaluations

(100,000

)

At 5 April 2026

2,150,000

NET BOOK VALUE

At 5 April 2026

2,150,000

At 31 March 2025

2,250,000

Investment property is included at fair value as valued by estate agents.

Fair value at 5 April 2026 is represented by:

£

Valuation in 2024

30,084

Valuation in 2026

(100,000

)

Cost

2,219,916

2,150,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.26

31.3.25

£

£

Trade debtors

1,785

-

Other debtors

94,092

8,646

95,877

8,646

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.26

31.3.25

£

£

Bank loans and overdrafts

1,200,000

-

Trade creditors

6,701

-

Other creditors

75,639

2,209

1,282,340

2,209

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.26

31.3.25

£

£

Bank loans

-

1,200,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

5.4.26

31.3.25

£

£

Bank loans

1,200,000

1,200,000

Weatherbys Bank Limited have a first charge over investment property of the LLP.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally to other creditors.

11.	RELATED PARTY DISCLOSURES