Registration number:
Nova Friary 75 LLP
Annual Report and Unaudited Financial Statements - Companies House Filing
for the Year Ended 31 March 2026
Nova Friary 75 LLP
Contents
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Financial Statements |
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Statement of Financial Position |
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Notes to the Financial Statements |
Nova Friary 75 LLP
(Registration number: OC419449)
Statement of Financial Position as at 31 March 2026
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Note |
2026 |
2025 |
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Fixed assets |
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Investment property |
574,500 |
732,000 |
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Current assets |
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Debtors |
814,649 |
611,429 |
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Cash and short-term deposits |
143,566 |
165,000 |
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958,215 |
776,429 |
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Creditors: Amounts falling due within one year |
(220,715) |
(196,429) |
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Net current assets |
737,500 |
580,000 |
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Net assets attributable to members |
1,312,000 |
1,312,000 |
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Represented by: |
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Members’ other interests |
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Members' capital classified as equity |
1,312,000 |
1,312,000 |
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1,312,000 |
1,312,000 |
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Total members' interests |
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Amounts due from members |
(758,848) |
(581,553) |
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Equity |
1,312,000 |
1,312,000 |
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553,152 |
730,447 |
For the year ending 31 March 2026 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, as applied to small limited liability partnerships.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
The financial statements of Nova Friary 75 LLP (registered number OC419449) were approved by the
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Nova Friary 75 LLP
Notes to the Financial Statements for the Year Ended 31 March 2026
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General information |
Nova Friary 75 LLP (LLP number: OC419449) is a limited liability partnership incorporated in England and Wales. Its registered office is 41 Commercial Road, Poole, Dorset, BH14 0HU.
The financial statements have been prepared under the historical cost convention in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006 and in accordance with the Statement of Recommended Practice ‘Accounting for Limited Liability Partnerships’ issued in December 2018.
The presentation currency of the financial statements is the Pounds Sterling (£).
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
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Accounting policies |
Revenue recognition
Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received.
Members' remuneration and division of profits
Members' fixed shares of profits 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.
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 or related deferred taxation are 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.
Investment properties
Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing
basis are measured at fair value annually with any change recognised in the profit and loss account.
Financial instruments
The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from related parties.
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Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
Nova Friary 75 LLP
Notes to the Financial Statements for the Year Ended 31 March 2026
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Investment property |
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2026 |
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At 1 April 2025 |
732,000 |
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Fair value adjustments |
(157,500) |
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At 31 March 2026 |
574,500 |
The investment property was revalued by the designated members at the balance sheet date at its market value with the benefit of the existing lease. The historic cost of the property was £1,290,919.
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Debtors |
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2026 |
2025 |
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Trade debtors |
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Other debtors |
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814,649 |
611,429 |
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Creditors: Amounts falling due within one year |
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2026 |
2025 |
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Trade creditors |
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- |
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Other creditors |
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Accruals and deferred income |
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Taxation and social security |
- |
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Analysis of other amounts |
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding-up. There is no provision for specific legally enforceable protection afford to creditors in such of an event. There is no restrictions or limitations on the ability of the members to reduce the amount of "Members other interests".