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Registered number: OC437449
NUFFIELD WORCESTER PROPERTY LLP
Unaudited
Financial statements
For the Year Ended 31 March 2026
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NUFFIELD WORCESTER PROPERTY LLP
Contents
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Statement of Financial Position
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Reconciliation of Members' Interests
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Notes to the Financial Statements
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NUFFIELD WORCESTER PROPERTY LLP
Members' Report
For the Year Ended 31 March 2026
The members present their annual report together with the unaudited financial statements of Nuffield Worcester Property LLP (the 'LLP') for the year ended 31 March 2026.
The LLP was formed on 14 May 2021 under Limited Liability Partnership Act 2000.
Principal activities
The principal activity of the LLP during the year was that of a holding entity.
Designated members
The designated members who served the LLP during the year and up to date of this report were as follows:
Suraj Rashmikant Shah
Manish Gudka
Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members
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 a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.
Results for the year
The result for this reporting year amounted to £Nil (2025: £Nil).
This report was approved by the members and signed on their behalf by:
Manish Gudka
Designated Member
Registered office:
1st Floor
88 Baker Street
London
W1U 6TQ
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NUFFIELD WORCESTER PROPERTY LLP
Registered number: OC437449
Statement of Financial Position
As at 31 March 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Loans and other debts due to members within one year
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Members' capital classified as a liability
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Members' capital classified as equity
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Other reserves classified as equity
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Loans and other debts due to members
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NUFFIELD WORCESTER PROPERTY LLP
Registered number: OC437449
Statement of Financial Position (continued)
As at 31 March 2026
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.
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.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 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 were approved and authorised for issue by the members and were signed on their behalf by:
The notes on pages 5 to 8 form part of these financial statements.
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NUFFIELD WORCESTER PROPERTY LLP
Reconciliation of Members' Interests
For the Year Ended 31 March 2026
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Equity
Members' other interests
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Debt
Loans and other debts due to members less any amounts due from members in debtors
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Members' capital (classified as equity)
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Result for the year available for discretionary division among members
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Result for the year available for discretionary division among members
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Amounts introduced by members
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The notes on pages 5 to 8 form part of these financial statements.
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NUFFIELD WORCESTER PROPERTY LLP
Notes to the Financial Statements
For the Year Ended 31 March 2026
Nuffield Worcester Property LLP (the 'LLP') is registered in England and Wales. The address of the registered office is 1st Floor, 88 Baker Street, London, W1U 6TQ.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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.
These financial statements are presented in Sterling (£), which is the functional currency of the entity. All amounts are rounded to the nearest Pound (£), except when otherwise indicated.
The following principal accounting policies have been applied:
These financial statements have been prepared on the going concern basis. The basis assumes that the LLP will be able to meet its obligations as they arise for the foreseeable future.
Taxation on LLP profits is the personal liability of the members and consequently neither taxation nor deferred taxation is accounted for in these financial statements.
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Members' participation rights
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Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Statement of Comprehensive Income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Statement of Financial Position.
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NUFFIELD WORCESTER PROPERTY LLP
Notes to the Financial Statements
For the Year Ended 31 March 2026
2.Accounting policies (continued)
Investments in subsidiaries are measured at cost less accumulated impairment.
Basic financial assets, including trade and other debtors, 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 method, less any impairment.
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Cash and cash equivalents
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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.
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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 payments discounted at a market rate of Interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
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The LLP has no employees other than the members, who did not receive any remuneration during the year (2025: £Nil).
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NUFFIELD WORCESTER PROPERTY LLP
Notes to the Financial Statements
For the Year Ended 31 March 2026
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Investments in subsidiary undertakings
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The following were subsidiary undertakings of the LLP:
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Nuffield Worcester Group Finco Limited
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Nuffield Worcester Property Limited
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The aggregate of the share capital and reserves as at 31 March 2026 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
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Aggregate of share capital and reserves
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Nuffield Worcester Group Finco Limited
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Nuffield Worcester Property Limited
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NUFFIELD WORCESTER PROPERTY LLP
Notes to the Financial Statements
For the Year Ended 31 March 2026
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Debtors: amounts falling due within one year
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Amounts owed by group undertakings
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Amounts owed by group undertakings relate to amounts due from Nuffield Worcester Group Finco Limited, which are unsecured, interest free and repayable upon demand.
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Creditors: amounts falling due within one year
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Loans and other debts due to members
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Loans from members are unsecured, interest free and repayable on demand.
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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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