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REGISTERED NUMBER: OC394346 (England and Wales)









Financial Statements

for the Year Ended 31 March 2025

for

Vanneck Residential LLP

Vanneck Residential LLP (Registered number: OC394346)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Vanneck Residential LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: Mr A A H Fraser
10SJP (Investments) Limited
Pitmore Residential LLP
Wittington Investments (Properties) Limited
Mr J H Stevenson





REGISTERED OFFICE: 3 Dean Trench Street
London
SW1P 3HB





REGISTERED NUMBER: OC394346 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301, Stanmore Business
and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW

Vanneck Residential LLP (Registered number: OC394346)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 - -
Investment property 5 224,203 414,097
224,203 414,097

CURRENT ASSETS
Debtors - 5,333
Cash at bank 56,830 343,504
56,830 348,837
CREDITORS
Amounts falling due within one year 6 (4,452 ) (3,093 )
NET CURRENT ASSETS 52,378 345,744
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

276,581

759,841

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

6,152

-

MEMBERS' OTHER INTERESTS
Capital accounts 270,429 759,841
276,581 759,841

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 6,152 -
Members' other interests 270,429 759,841
Amounts due from members - (5,333 )
276,581 754,508

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 2025.

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.

Vanneck Residential LLP (Registered number: OC394346)

Statement of Financial Position - continued
31 March 2025


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 8 August 2025 and were signed by:





Mr J H Stevenson - Designated member

Vanneck Residential LLP (Registered number: OC394346)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Vanneck 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the LLP's accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover represents rents receivable.

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 - 25% Straight line

Investment properties
Investment properties comprise freehold and long leasehold investment interests which are held for their investment potential. They are carried at fair value determined annually and derived from 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 the income statement.

Investment properties are valued by the members' taking into account market values and an inevitable degree of judgement is involved in that each property is unique and can only ultimately be reliably tested in the market itself.

The LLP undertakes an ongoing programme of property improvements and maintenance. Any property improvements are added to the acquisition cost, as in the opinion of the members these enhance the value of the LLP's properties. Property repairs and maintenance costs are charged as an expense in the income statement as incurred.

Investment property disposals are recognised on completion, representing the net disposal proceeds, less the carrying value of the properties and any subsequent capital additions in the year of disposal.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Members' capital
Initial capital contributions of each of the member are amounts as set out in the LLP deed. Further members shall contribute upon admission to the LLP such capital as determined by the Board.

No member can withdraw or receive back any part of their principal capital contribution except for in specific circumstances as detailed in the LLP agreement and approved by the Board. Members' principal capital is therefore classified as equity.

Vanneck Residential LLP (Registered number: OC394346)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Profit allocations
Profit allocations are recognised in the year in which they are declared and become a present obligation of the LLP.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 April 2024
and 31 March 2025 903
DEPRECIATION
At 1 April 2024
and 31 March 2025 903
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 414,097
Disposals (189,894 )
At 31 March 2025 224,203
NET BOOK VALUE
At 31 March 2025 224,203
At 31 March 2024 414,097

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2024 224,203

In the opinion of the members there is no requirement to revalue the property at the year end, as there has been no significant change in it's carrying value from the previous revaluation.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Accruals & deferred income 4,452 3,093

Vanneck Residential LLP (Registered number: OC394346)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2025 2024
£    £   
Amounts owed to members in respect of profits 6,152 -

Falling due within one year 6,152 -

Loans and other debts due to members rank pari passu with other unsecured creditors in the event of a winding up of the LLP. There are no restrictions on the ability of the members to reduce the amount of members’ other interests.