REGISTERED NUMBER: OC334405 (England and Wales)

Unaudited Financial Statements

For The Period

6 April 2025 to 31 August 2026

for

SANDCLIFFE INVESTMENTS PROPERTY ( ADEX

INTERIORS ) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr P A Atherton

Mr J D Mackenzie

Mrs C Bewes

Mr G Howard

Mr J Latimer

REGISTERED OFFICE:

8 Eastway

Sale

Cheshire

M33 4DX

REGISTERED NUMBER:

OC334405 (England and Wales)

ACCOUNTANTS:

Leavitt Walmsley Associates Limited

Chartered Certified Accountants

8 Eastway

Sale

Cheshire

M33 4DX

FIXED ASSETS

Investment property

4

-

255,912

CURRENT ASSETS

Debtors

5

7,083

32,309

Cash at bank

608

4,505

7,691

36,814

CREDITORS

Amounts falling due within one year

6

-

82,735

NET CURRENT ASSETS/(LIABILITIES)

7,691

(45,921

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,691

209,991

CREDITORS

Amounts falling due after more than one year

7

-

76,709

NET ASSETS ATTRIBUTABLE TO MEMBERS

7,691

133,282

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

7,691

133,282

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

7,691

133,282

Amounts due from members

5

(6,771

)

-

920

133,282

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 31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22 October 2026 and were signed by:

Mr P A Atherton - Designated member

1.	STATUTORY INFORMATION

Sandcliffe Investments Property ( Adex Interiors ) 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 (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including Section 1A "Small Entities" and the Companies Act 2006 as applied to Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value.

Rental income

The partnership's policy of revenue recognition is to recognise rental income when the contractual obligations to the customer have been fulfilled. For contracts where obligations to the customer have not been fulfilled, but have been invoiced revenue is recognised within deferred income in current liabilities until such time a right to consideration arises.

Rental income is recognised on a straight-line basis over the term of the tenant's lease. Rental income that is receivable but not paid is presented within current assets as debtors and measured at amortised 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

A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit or loss. All other investments are subsequently measured at cost less impairment.

Debtors and creditors which fall due within one year are recorded in the financial statements at transaction price and subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded in profit or loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt.

Debtors do not carry interest and are stated at their nominal value.

Trade creditors are not interest-bearing and are stated at their nominal value.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.

Financial instruments

Financial Instruments are classified and accounted for according to the substance of the transaction as either a financial asset, liability or equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after all liabilities have been deducted.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 5 (2025 - 5 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2025

255,912

Disposals

(255,912

)

At 31 August 2026

-

NET BOOK VALUE

At 31 August 2026

-

At 5 April 2025

255,912

Fair value at 31 August 2026 is represented by:

£

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.26

5.4.25

£

£

Amounts due from members

6,771

-

Other debtors

-

32,309

VAT

312

-

7,083

32,309

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.26

5.4.25

£

£

Bank loans and overdrafts

-

6,500

VAT

-

16,355

Other creditors

-

58,133

Accrued expenses

-

1,747

-

82,735

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.26

5.4.25

£

£

Bank loans - 2-5 years

-

26,000

Bank loans more 5 yr by instal

-

50,709

-

76,709

31.8.26

5.4.25

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

50,709

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts due to members will rank pari passu with other unsecured creditors in the event of a winding up. In such a circumstance, the members have subordinated their rights to payments of amounts owed to them in preference to external creditors.