TERRY ADAMS RESIDENTIAL LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

T C Adams

Mrs E A Adams

Mrs M P Barrett Rogers

J M Hoggett

REGISTERED OFFICE:

Greendale Court

Clyst St Mary

Exeter

Devon

EX5 1AW

REGISTERED NUMBER:

OC347417 (England and Wales)

ACCOUNTANTS:

Barretts

Chartered Accountants &

Chartered Tax Advisers

22 Union Street

Newton Abbot

Devon

TQ12 2JS

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

7,445,000

7,310,000

7,445,000

7,310,000

CURRENT ASSETS

Debtors

6

9,154

9,527

Cash at bank

415,393

632,197

424,547

641,724

CREDITORS

Amounts falling due within one year

7

28,443

19,902

NET CURRENT ASSETS

396,104

621,822

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

7,841,104

7,931,822

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

7,840,104

7,930,822

MEMBERS' OTHER INTERESTS

Capital accounts

1,000

1,000

7,841,104

7,931,822

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

7,840,104

7,930,822

Members' other interests

1,000

1,000

7,841,104

7,931,822

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 28 October 2026 and were signed by:

J M Hoggett - Designated member

Mrs M P Barrett Rogers - Designated member

1.	STATUTORY INFORMATION

Terry Adams Residential 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.

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 etc

-

25% on reducing balance

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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

32,575

DEPRECIATION

At 1 April 2025

and 31 March 2026

32,575

NET BOOK VALUE

At 31 March 2026

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

7,310,000

Revaluations

135,000

At 31 March 2026

7,445,000

NET BOOK VALUE

At 31 March 2026

7,445,000

At 31 March 2025

7,310,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

1,682,300

Cost

5,762,700

7,445,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

9,154

9,527

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

28,443

19,902

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans are unsecured. It is the members' intention to repay other creditors in priority to any repayment of their own loans.