0 false false false false false false false false false false false false false false false false false No description of principal activity 2023-11-03 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP OC449819 2023-11-03 2025-03-31 OC449819 2025-03-31 OC449819 2023-11-02 OC449819 bus:Director2 2023-11-03 2025-03-31 OC449819 core:WithinOneYear 2025-03-31 OC449819 bus:SmallEntities 2023-11-03 2025-03-31 OC449819 bus:AuditExempt-NoAccountantsReport 2023-11-03 2025-03-31 OC449819 bus:SmallCompaniesRegimeForAccounts 2023-11-03 2025-03-31 OC449819 bus:LimitedLiabilityPartnershipLLP 2023-11-03 2025-03-31 OC449819 bus:FullAccounts 2023-11-03 2025-03-31 OC449819 core:AllAssociates 2023-11-03 2025-03-31
REGISTERED NUMBER: OC449819
UNBRANDED FINANCE 4 LLP
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2025
UNBRANDED FINANCE 4 LLP
FINANCIAL STATEMENTS
PERIOD FROM 3 NOVEMBER 2023 TO 31 MARCH 2025
Contents
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 4
UNBRANDED FINANCE 4 LLP
STATEMENT OF FINANCIAL POSITION
31 March 2025
31 Mar 25
Note
£
CURRENT ASSETS
Debtors
4
12,109,973
Cash at bank and in hand
92,701
---------------
12,202,674
CREDITORS: amounts falling due within one year
5
( 11,454,857)
---------------
NET CURRENT ASSETS
747,817
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
747,817
----------
NET ASSETS
747,817
----------
REPRESENTED BY:
LOANS AND OTHER DEBTS DUE TO MEMBERS
Other amounts
6
747,815
MEMBERS' OTHER INTERESTS
Members' capital classified as equity
2
Other reserves
----------
747,817
----------
TOTAL MEMBERS' INTERESTS
Loans and other debts due to members
6
747,815
Members' other interests
2
----------
747,817
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
For the period ending 31 March 2025 the LLP 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) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
UNBRANDED FINANCE 4 LLP
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2025
These financial statements were approved by the members and authorised for issue on 11 July 2025 , and are signed on their behalf by:
Unbranded Finance Limited
Designated Member
Registered number: OC449819
UNBRANDED FINANCE 4 LLP
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 3 NOVEMBER 2023 TO 31 MARCH 2025
1.
GENERAL INFORMATION
The LLP is registered in England and Wales. The address of the registered office is C/O Fieldfisher Riverbank House, 2 Swan Lane, London, EC4R 3TT, United Kingdom.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP 2018).
3.
ACCOUNTING POLICIES
(i) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(ii) Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are recorded in the accounting policies detailed below. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are recorded in the accounting policies detailed below.
(iii) Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for loan interest, arrangement fees and similar income, stated net of discounts and of Value Added Tax.
(iv) Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement.
All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'.
(v) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets or financial liabilities. Trade and other debtors Trade and other debtors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition, trade and other debtors that are classified as receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment. Trade and other creditors Trade and other creditors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition trade and other creditors that are classified as payable within one year are measured at the discounted amount of the cash or other consideration expected to be paid. Cash and cash equivalents Cash and cash equivalents in the statement of financial position comprise cash at bank.
4.
DEBTORS
31 Mar 25
£
Loan debtors
12,109,971
Other debtors
2
---------------
12,109,973
---------------
5. CREDITORS: amounts falling due within one year
31 Mar 25
£
Trade creditors
600
Other creditors
11,454,257
---------------
11,454,857
---------------
At the year end, included with other creditors (note 6) £10,959,520 loans from Members which is payable within one year. The loans are secured, bear interest at 6% and have fixed repayment terms.
6.
LOANS AND OTHER DEBTS DUE TO MEMBERS
31 Mar 25
£
Amounts owed to members in respect of profits
747,815
----------
7.
RELATED PARTY TRANSACTIONS
All related party transactions are noted within the notes to the accounts.