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REGISTERED NUMBER: OC349176 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Robec Properties LLP

Robec Properties LLP (Registered number: OC349176)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Other Comprehensive Income 5

Balance Sheet 6

Notes to the Financial Statements 8


Robec Properties LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: M S Wright
MOHR Limited





REGISTERED OFFICE: 3 - 5 College Street
Nottingham
Nottinghamshire
NG1 5AQ





REGISTERED NUMBER: OC349176 (England and Wales)

Robec Properties LLP (Registered number: OC349176)

Report of the Members
for the Year Ended 31 March 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property investment.

DESIGNATED MEMBERS
The designated members during the year under review were:

M S Wright
MOHR Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £135,878 (2023 - £96,921 profit).

MEMBERS' INTERESTS
Profits are allocated between members based on the members agreement.

Fixed capital is maintained which members contribute to in proportion to their investment. Capital can only be withdrawn with a reduction in investment or upon ceasing to be a member except where there is a return of capital to all members in proportion to their investment in the LLP. There is no opportunity for the appreciation of the capital contribution.

This report has been prepared in accordance with the special provisions of Part 15 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 small LLPs.

ON BEHALF OF THE MEMBERS:





M S Wright - Designated member


14 March 2025

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Robec Properties LLP


In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Robec Properties LLP for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Robec Properties LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Robec Properties LLP and state those matters that we have agreed to state to the members of Robec Properties LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Robec Properties LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Robec Properties LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Robec Properties LLP. You consider that Robec Properties LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Robec Properties LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Botham Accounting Limited
Chartered Accountants
3 - 5 College Street
Nottingham
Nottinghamshire
NG1 5AQ


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

Robec Properties LLP (Registered number: OC349176)

Income Statement
for the Year Ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER 111,774 222,000

Administrative expenses 218,855 94,080
OPERATING (LOSS)/PROFIT 4 (107,081 ) 127,920


Interest payable and similar expenses 28,797 30,999
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES



(135,878



)



96,921

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES



(135,878



)



96,921

Members' remuneration charged as an
expense

5

-

(96,921

)
LOSS FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


(135,878


)


-

Robec Properties LLP (Registered number: OC349176)

Other Comprehensive Income
for the Year Ended 31 March 2024

2024 2023
Notes £    £   

LOSS FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


(135,878


)


-


OTHER COMPREHENSIVE INCOME
Gain on revaluation of inv prop
OTHER COMPREHENSIVE INCOME
FOR THE YEAR

-

-
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(135,878

)

-

Robec Properties LLP (Registered number: OC349176)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 76 766
Investment property 7 902,005 2,200,000
902,081 2,200,766

CURRENT ASSETS
Debtors 8 367,200 122,576
Cash at bank and in hand 14,459 39,842
381,659 162,418
CREDITORS
Amounts falling due within one year 9 89,738 188,165
NET CURRENT ASSETS/(LIABILITIES) 291,921 (25,747 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,194,002

2,175,019

CREDITORS
Amounts falling due after more than one
year

10

92,813

585,190
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,101,189

1,589,829

Robec Properties LLP (Registered number: OC349176)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

12

1,101,089

1,208,880

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
Revaluation reserve 13 - 380,849
1,101,189 1,589,829

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 12 1,101,089 1,208,880
Members' other interests 100 380,949
Amounts due from members 8 (243,623 ) -
857,566 1,589,829

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 2024.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 14 March 2025 and were signed by:





M S Wright - Designated member

Robec Properties LLP (Registered number: OC349176)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Robec Properties 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.

Turnover
Turnover represents rents receivable excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

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 (2023 - NIL).

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 690 1,791

5. INFORMATION IN RELATION TO MEMBERS
2024 2023
£    £   
Members' remuneration charged as an expense
Profit allocated in accordance
with members' agreement - 96,921
Total remuneration - 96,921

Robec Properties LLP (Registered number: OC349176)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 10,555
DEPRECIATION
At 1 April 2023 9,789
Charge for year 690
At 31 March 2024 10,479
NET BOOK VALUE
At 31 March 2024 76
At 31 March 2023 766

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,200,000
Disposals (917,146 )
Impairments (380,849 )
At 31 March 2024 902,005
NET BOOK VALUE
At 31 March 2024 902,005
At 31 March 2023 2,200,000

The members consider that the investment property is stated at market value.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from members 243,623 -
Other debtors 122,576 122,576
VAT 1,001 -
367,200 122,576

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 51,252
Taxation and social security - 34,979
Other creditors 79,738 101,934
89,738 188,165

Robec Properties LLP (Registered number: OC349176)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 92,813 585,190

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 102,813 636,442

The bank loans are secured against the company's investment properties by way of a fixed and floating charge.

12. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, members' other reserves rank after unsecured creditors. Loans and other debts due to members rank pari passu with unsecured creditors in the event of a winding up. There is no formal restriction on the ability of the LLP to reduce the amount of members' other interests.

13. RESERVES
Revaluation
reserve
£   
At 1 April 2023 380,849
Disposal (380,849 )
At 31 March 2024 -

14. ULTIMATE CONTROLLING PARTY

The controlling party is M S Wright.