Registered number
OC417127
YETU PROPERTY INVESTMENT CLUB LLP
Accounts
30 April 2024
YETU PROPERTY INVESTMENT CLUB LLP
LLP Information
Designated members
YETU GROUP LTD
LWANGE CONSTRUCT SARL
Accountants
Abell Limited
128 Cannon Workshops
Cannon Drive
Canary Wharf
LONDON
E14 4AS
Registered office
128 Cannon Workshops
Cannon Drive
Canary Wharf
LONDON
E14 4AS
Registered number
OC417127
YETU PROPERTY INVESTMENT CLUB LLP
Members' Report
The members present their report and accounts for the year ended 30 April 2024.
Principal activities
The LLP's principal activity will be property investment.
Designated members
The following persons served as designated members during the year:
YETU GROUP LTD
LWANGE CONSTRUCT SARL
Policy with respect to members' drawings and subscription and repayment of members' capital
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP. New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amount of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.
This report was approved by the members on 8 April 2025 and signed on their behalf by:
YETU GROUP LTD
Designated member
YETU PROPERTY INVESTMENT CLUB LLP
Accountants' Report
Accountants' report to the members of
YETU PROPERTY INVESTMENT CLUB LLP
You consider that the LLP is exempt from an audit for the year ended 30 April 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 (as applied by the LLP regulations) with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the LLP at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the LLP and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Abell Limited
Chartered Accountants
128 Cannon Workshops
Cannon Drive
Canary Wharf
LONDON
E14 4AS
8 April 2025
YETU PROPERTY INVESTMENT CLUB LLP
Registered number: OC417127
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Net current assets - -
Total assets less current liabilities - -
Net assets attributable to members - -
Represented by:
Loans and other debts due to members 3 (100) (100)
Members' other interests
Members' capital classified as equity 100 100
- -
Total members' interests
Loans and other debts due to members 3 (100) (100)
Members' other interests 100 100
- -
For the year ended 30 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 8 April 2025 and signed on their behalf by:
YETU GROUP LTD
Designated member
YETU PROPERTY INVESTMENT CLUB LLP
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 1 1
3 Loans and other debts due to members 2024 2023
£ £
Loans from members (100) (100)
Amounts falling due within one year (100) (100)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
4 Other information
YETU PROPERTY INVESTMENT CLUB LLP is a limited liability partnership incorporated in England. Its registered office is:
128 Cannon Workshops
Cannon Drive
Canary Wharf
LONDON
E14 4AS
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