REGISTERED NUMBER: OC439597 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

AP Watson Partnership LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DESIGNATED MEMBERS:

A P Watson

A P Watson Limited

REGISTERED OFFICE:

80 Highbury Park

London

N5 2XE

REGISTERED NUMBER:

OC439597 (England and Wales)

ACCOUNTANTS:

RBS Accountants Limited

16 Beaufort Court

Admirals Way

London

Docklands

London

E14 9XL

FIXED ASSETS

Investment property

4

4,384,970

4,384,970

CURRENT ASSETS

Debtors

5

-

35

Cash at bank

26,171

2,000

26,171

2,035

CREDITORS

Amounts falling due within one year

6

31,457

21,237

NET CURRENT LIABILITIES

(5,286

)

(19,202

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,379,684

4,365,768

CREDITORS

Amounts falling due after more than one year

7

586,733

731,153

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,792,951

3,634,615

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

3,792,951

3,634,615

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

3,792,951

3,634,615

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 year ended 31 March 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 29 October 2026 and were signed by:

A P Watson - Designated member

1.	STATUTORY INFORMATION

AP Watson Partnership 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

4,384,970

NET BOOK VALUE

At 31 March 2026

4,384,970

At 31 March 2025

4,384,970

Fair value at 31 March 2026 is represented by:

£

Valuation in 2023

400,000

Valuation in 2025

441,233

Cost

3,543,737

4,384,970

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

-

35

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

1

-

Other creditors

31,456

21,237

31,457

21,237

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

586,733

731,153

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

586,733

731,153

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in the event of liquidations.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2026 set out on page nil and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

RBS Accountants Limited

16 Beaufort Court

Admirals Way

London

Docklands

London

E14 9XL

Date: .............................................