Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312Property InvestmentfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01false2truefalse OC351827 2024-04-01 2025-03-31 OC351827 2023-04-01 2024-03-31 OC351827 2025-03-31 OC351827 2024-03-31 OC351827 c:FurnitureFittings 2024-04-01 2025-03-31 OC351827 c:FurnitureFittings 2025-03-31 OC351827 c:FurnitureFittings 2024-03-31 OC351827 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC351827 c:FreeholdInvestmentProperty 2025-03-31 OC351827 c:FreeholdInvestmentProperty 2024-03-31 OC351827 c:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 OC351827 c:CurrentFinancialInstruments 2025-03-31 OC351827 c:CurrentFinancialInstruments 2024-03-31 OC351827 c:Non-currentFinancialInstruments 2025-03-31 OC351827 c:Non-currentFinancialInstruments 2024-03-31 OC351827 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC351827 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC351827 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 OC351827 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC351827 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2025-03-31 OC351827 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2024-03-31 OC351827 e:FRS102 2024-04-01 2025-03-31 OC351827 e:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC351827 e:FullAccounts 2024-04-01 2025-03-31 OC351827 e:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC351827 6 2024-04-01 2025-03-31 OC351827 e:PartnerLLP1 2024-04-01 2025-03-31 OC351827 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC351827 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC351827 c:FurtherSpecificReserve2ComponentTotalEquity 2025-03-31 OC351827 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC351827 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC351827 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC351827 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC351827









MULTI ENTERPRISES INVESTMENTS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
MULTI ENTERPRISES INVESTMENTS LLP
REGISTERED NUMBER: OC351827

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,152
1,537

Investments
 5 
1
1

Investment property
 6 
3,815,000
2,362,035

  
3,816,153
2,363,573

Current assets
  

Debtors: amounts falling due within one year
 7 
100
100

Cash at bank and in hand
 8 
16,707
35,315

  
16,807
35,415

Creditors: Amounts Falling Due Within One Year
 9 
(41,651)
(453,412)

Net current liabilities
  
 
 
(24,844)
 
 
(417,997)

Total assets less current liabilities
  
3,791,309
1,945,576

Creditors: amounts falling due after more than one year
 10 
(2,150,000)
(1,500,000)

  
1,641,309
445,576

  

Net assets
  
1,641,309
445,576

Page 1

 
MULTI ENTERPRISES INVESTMENTS LLP
REGISTERED NUMBER: OC351827
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 12 
-
484,294

  
-
484,294

Members' other interests
  

Members' capital classified as equity
  
350,100
100

Other reserves classified as equity
  
1,291,209
(38,818)

  
 
1,641,309
 
(38,718)

  
1,641,309
445,576


Total members' interests
  

Loans and other debts due to members
 12 
-
484,294

Members' other interests
  
1,641,309
(38,718)

  
1,641,309
445,576


The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 16 June 2025.




................................................
S Houri
Designated member

The notes on pages 4 to 10 form part of these financial statements.

Multi Enterprises Investments LLP has no equity and, in accordance with the provisions contained within the
Page 2

 
MULTI ENTERPRISES INVESTMENTS LLP
REGISTERED NUMBER: OC351827
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 3

 
MULTI ENTERPRISES INVESTMENTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Multi Enterprises Investments LLP is a Limited Liability Partnership registered in the United Kingdom.
The principal activity of the LLP is that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
MULTI ENTERPRISES INVESTMENTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% reducing balance.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 5

 
MULTI ENTERPRISES INVESTMENTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 6

 
MULTI ENTERPRISES INVESTMENTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2024
31,373



At 31 March 2025

31,373



Depreciation


At 1 April 2024
29,836


Charge for the year on owned assets
385



At 31 March 2025

30,221



Net book value



At 31 March 2025
1,152



At 31 March 2024
1,537


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2024
1



At 31 March 2025
1




Page 7

 
MULTI ENTERPRISES INVESTMENTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
2,362,035


Surplus on revaluation
1,452,965



At 31 March 2025
3,815,000

The 2025 valuations were made by Lambert Smith Hampton, on an open market value for existing use basis.





7.


Debtors

2025
2024
£
£


Other debtors
100
100

100
100



8.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
16,707
35,315

16,707
35,315


Page 8

 
MULTI ENTERPRISES INVESTMENTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Creditors: Amounts falling due within one year

2025
2024
£
£

Other loans
23,827
394,867

Trade creditors
13,204
46,925

Accruals and deferred income
4,620
11,620

41,651
453,412



10.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
1,500,000
1,500,000

Other loans
650,000
-

2,150,000
1,500,000


The bank loans are secured over the investment properties and all other assets of the company.


11.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Other loans
23,827
394,867


23,827
394,867



Amounts falling due after more than 5 years

Bank loans
1,500,000
1,500,000

Other loans
650,000
-

2,150,000
1,500,000

2,173,827
1,894,867


Page 9

 
MULTI ENTERPRISES INVESTMENTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

12.


Loans and other debts due to members


2025
2024
£
£



Other amounts due to members
-
484,294

-
484,294

Loans and other debts due to members may be further analysed as follows:

2025
2024
£
£



Falling due within one year
-
484,294

-
484,294

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.


13.


Related party transactions

During the year the LLP paid interest totalling £Nil (2024: £18,081) to companies with directors that are members of the LLP. At the balance sheet date the LLP owed £23,827 (2024: £394,867) to these companies.
During the year the LLP received rent amounting to £194,000 (2024: £144,000) from its subsidiary. At the balance sheet date the LLP owed £nil (2024: £nil) to this company.
The above transactions were made on a normal trading and arm's length basis.

 
Page 10