Litchborough Industrial Estate LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC317492 (England and Wales)

Litchborough Industrial Estate LLP

Financial Statements for the Year Ended 31st March 2026

Page

General information

1

Abridged balance sheet

2

Notes to the financial statements

4

Designated members:

A J Lewis

G M Lewis

Registered office:

Covert Farm

East Haddon

Northampton

NN6 8DU

Registered number:

OC317492 (England and Wales)

Fixed assets

Tangible assets

3

12,903

14,337

Investment property

4

2,900,000

2,912,903

2,914,337

Current assets

Debtors

120,312

105,851

Creditors

Amounts falling due within one year

119,593

101,622

Net current assets

719

4,229

Total assets less current liabilities

and

Net assets attributable to members

2,913,622

2,918,566

Loans and other debts due to
members

5

13,622

18,566

Members' other interests

Capital accounts

2,226,446

Revaluation reserve

6

673,554

2,913,622

2,918,566

Total members' interests

Loans and other debts due to members

5

13,622

18,566

Members' other interests

2,900,000

2,913,622

2,918,566

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 31st 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.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 31st March 2026 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 12th June 2026 and were signed by:

A J Lewis - Designated member

Shades Investments Limited - Designated member

1.	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.

Revenue recognition

Rental income is recognised on a time apportionment basis as the right to the income accrues due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Freehold investment properties

Investment properties are revalued provided that this can be done without undue cost or effort.

Taxation

The tax payable on profits is the personal liability of the members.

2.	Employee information

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

3.	Tangible fixed assets

Totals

£

Cost

At 1st April 2025

and 31st March 2026

36,842

Depreciation

At 1st April 2025

22,505

Charge for year

1,434

At 31st March 2026

23,939

Net book value

At 31st March 2026

12,903

At 31st March 2025

14,337

4.	Investment property

Total

£

Fair value

At 1st April 2025

and 31st March 2026

2,900,000

Net book value

At 31st March 2026

2,900,000

At 31st March 2025

2,900,000

The industrial estates owned by the LLP was revalued by the designated members during the year on the basis of open market value. The historical cost of the revalued asset is £2,226,446.

The individual members are responsible for any capital gains tax liability that may arise if the property is disposed of at this figure.

5.

Loans and other debts due to members

Capital loans and other debt due to members rank pari passu with other creditors.

6.

Reserves

Revaluation

reserve

£

At 1st April 2025

and 31st March 2026

673,554