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REGISTERED NUMBER: SO307424 (Scotland)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

HKIP HYIF No.5 LLP
HKIP HYIF No.5 LLP (Registered number: SO307424)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

General Information 1

Report of the Members 2

Balance Sheet 3

Reconciliation of Members' Interests 5

Notes to the Financial Statements 7


HKIP HYIF No.5 LLP

General Information
for the Year Ended 31 December 2024







DESIGNATED MEMBERS: HKIP High Yield No.5 Limited
Whiteberry II (Orbital) Limited





REGISTERED OFFICE: Mercantile Bldngs, Suite 10
53 Bothwell Street
GLASGOW
G2 6TS





REGISTERED NUMBER: SO307424 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN
Page 1
HKIP HYIF No.5 LLP (Registered number: SO307424)

Report of the Members
for the Year Ended 31 December 2024

The members present their report with the financial statements of the LLP for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of holding investments.

DESIGNATED MEMBERS
The designated members during the year under review were:

HKIP High Yield No.5 Limited
Whiteberry II (Orbital) Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £1,385,051 (2023 - £7,895 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





HKIP High Yield No.5 Limited - Designated member


16 September 2025

Page 2
HKIP HYIF No.5 LLP (Registered number: SO307424)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 4 63,901 1,565,090
Cash at bank 4,181 -
68,082 1,565,090
CREDITORS
Amounts falling due within one year 5 13,330 18,356
NET CURRENT ASSETS 54,752 1,546,734
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
54,752
1,546,734

LOANS AND OTHER DEBTS DUE
TO MEMBERS
6
54,752
1,546,734

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 54,752 1,546,734
Amounts due from members 4 (26,994 ) (18,356 )
27,758 1,528,378

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 December 2024.

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.

The notes form part of these financial statements

Page 3 continued...
HKIP HYIF No.5 LLP (Registered number: SO307424)

Balance Sheet - continued
31 December 2024


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 16 September 2025 and were signed by:





HKIP High Yield No.5 Limited - Designated member

The notes form part of these financial statements

Page 4
HKIP HYIF No.5 LLP (Registered number: SO307424)

Reconciliation of Members' Interests
for the Year Ended 31 December 2024


EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors
Members'
capital
Other (classified Other
reserves as debt) amounts Total Total
£    £    £    £    £   
Amount due to members 807,088 739,644 1,546,732
Amount due from members - - -
Balance at 1 January 2024 - 807,088 739,644 1,546,732 1,546,732
Members' remuneration charged
as an expense, including
employment and retirement
benefit costs


-


-


1,330,299


1,330,299


1,330,299
Profit for the financial year
available for discretionary
division among members

54,752

-

-

-

54,752
Members' interests after profit
for the year
54,752
807,088
2,069,943
2,877,031
2,931,783
Other divisions of profit (54,752 ) - 54,752 54,752 -
Introduced by members - - (26,994 ) (26,994 ) (26,994 )
Repayments of debt (including
members' capital classified as a
liability)

-

(807,088

)

(739,644

)

(1,546,732

)

(1,546,732

)
Drawings on account and
distributions of profit 		-
-
(1,330,299
)
(1,330,299
)
(1,330,299
)
Amount due to members - 54,752 54,752
Amount due from members - (26,994 ) (26,994 )
Balance at 31 December 2024 - - 27,758 27,758 27,758

The notes form part of these financial statements

Page 5
HKIP HYIF No.5 LLP (Registered number: SO307424)

Reconciliation of Members' Interests
for the Year Ended 31 December 2024

EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
£    £    £   
Balance at 1 January 2023 - - -
Members' remuneration charged as an expense,
including employment and retirement benefit
costs

-

-

-
Profit for the financial year available for
discretionary division among members
-
-
-
Members' interests after profit for the year - - -
Introduced by members 807,088 - 807,088
Drawings on account and distributions of
profit
-
-
-
Balance at 31 December 2023 807,088 - 807,088

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members -
Amount due from members -
Balance at 1 January 2023 - -
Members' remuneration charged as an expense,
including employment and retirement benefit
costs

(7,895

)

(7,895

)

Profit for the financial year available for
discretionary division among members
-
-
Members' interests after profit for the year (7,895 ) (7,895 )
Introduced by members 739,646 1,546,734
Drawings on account and distributions of
profit
(10,461
)
(10,461
)
Amount due to members 739,646
Amount due from members (18,356 )
Balance at 31 December 2023 721,290 1,528,378

The notes form part of these financial statements

Page 6
HKIP HYIF No.5 LLP (Registered number: SO307424)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

HKIP HYIF No.5 LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEE INFORMATION

The average number of employees, including members with contracts of employment, during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 1,170 1,546,734
Other debtors 62,731 18,356
63,901 1,565,090

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 11,830 1
Amounts owed to group undertakings - 1,455
Other creditors 1,500 16,900
13,330 18,356

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the accounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

Page 7