| A J Property (NW) LLP |
| Registered number: |
OC379164 |
| Balance Sheet |
| as at 31 October 2025 |
| Notes |
|
2025 |
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
1,779,522 |
|
1,779,522 |
| Current assets |
|
|
|
|
|
| Debtors |
4 |
|
4,546 |
|
2,820 |
| Cash at bank and in hand |
|
|
156,911 |
|
269,082 |
|
|
|
161,457 |
|
271,902 |
|
| Creditors: amounts falling due within one year |
5 |
|
(54,108) |
|
(61,682) |
|
| Net current assets |
|
|
107,349 |
|
210,220 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
1,886,871 |
|
1,989,742 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
(345,545) |
|
(578,168) |
|
|
| Net assets attributable to members |
1,541,326 |
|
1,411,574 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
8 |
|
1,363,574 |
|
1,299,652 |
|
|
|
|
|
|
| Members' other interests |
| Other reserves |
|
|
177,752 |
|
111,922 |
|
|
|
|
|
|
|
|
|
1,541,326 |
|
1,411,574 |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
8 |
|
1,363,574 |
|
1,299,652 |
| Members' other interests |
|
|
177,752 |
|
111,922 |
|
|
|
|
1,541,326 |
|
1,411,574 |
|
|
|
|
|
|
| For the year ended 31 October 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 25 October 2026 and signed on their behalf by: |
|
|
| J A Jackson |
| Designated member |
|
|
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
|
Land and Buildings |
Nil |
|
Plant and machinery etc |
over 4 years |
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 November 2024 |
1,779,522 |
|
3,577 |
|
1,783,099 |
|
At 31 October 2025 |
1,779,522 |
|
3,577 |
|
1,783,099 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2024 |
- |
|
3,577 |
|
3,577 |
|
At 31 October 2025 |
- |
|
3,577 |
|
3,577 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
1,779,522 |
|
- |
|
1,779,522 |
|
At 31 October 2024 |
1,779,522 |
|
- |
|
1,779,522 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
4,546 |
|
2,820 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
35,711 |
|
49,795 |
|
Trade creditors |
7,400 |
|
2,887 |
|
Other creditors |
10,997 |
|
9,000 |
|
|
|
|
|
|
54,108 |
|
61,682 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
345,545 |
|
578,168 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
375,422 |
|
612,130 |
|
|
|
|
|
|
|
|
|
|
Bank loans are secured on Fixed Assets Land and Buildings |
|
|
| 8 |
Loans and other debts due to members |
2025 |
|
2024 |
| £ |
£ |
|
|
Loans from members |
300,000 |
|
300,000 |
|
Amounts due to members in respect of profits |
1,063,574 |
|
999,652 |
|
|
|
|
|
|
1,363,574 |
|
1,299,652 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
200,000 |
|
100,000 |
|
Amounts falling due after more than one year |
1,163,574 |
|
1,199,652 |
|
|
|
|
|
|
1,363,574 |
|
1,299,652 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 9 |
Other information |
|
|
A J Property (NW) LLP is a limited liability partnership incorporated in England. Its registered office is: 286-288 Breck Road Liverpool L5 6QB |