| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Vanneck Residential LLP |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| 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 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 were approved by the members of the LLP and authorised for issue on |
| 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 |
| 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 |
| Fixtures and fittings | - |
| 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 |
| DEPRECIATION |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| Disposals | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 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 |
| 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. |