REGISTERED NUMBER: OC396156 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

REAL CAPITAL LONDON LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mr Thomas Loc Herron

Mrs Juliette Waterhouse

Mr Brendon Stewart Noble

REGISTERED OFFICE:

17 GEORGE PALMER CLOSE

READING

Berkshire

RG2 7QW

REGISTERED NUMBER:

OC396156 (England and Wales)

ACCOUNTANTS:

DBS Corporate Accountants

Suite 4102, Charlotte House

Queens Dock Business Centre

67-83 Norfolk Street

Liverpool

Merseyside

L1 0BG

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 property investment management.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr Thomas Loc Herron

Mrs Juliette Waterhouse

Mr Brendon Stewart Noble

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £7,403 (2023 - £22,565 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mrs Juliette Waterhouse - Designated member

30 September 2025

TURNOVER

20,687

15,077

Administrative expenses

12,800

36,962

OPERATING PROFIT/(LOSS)

4

7,887

(21,885

)

Interest payable and similar expenses

484

680

PROFIT/(LOSS) FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

7,403

(22,565

)

FIXED ASSETS

Tangible assets

5

4,180

5,226

CURRENT ASSETS

Debtors

62,278

69,681

Prepayments and accrued income

188,839

176,312

Cash at bank

-

9,544

251,117

255,537

CREDITORS

Amounts falling due within one year

6

5,529

9,162

NET CURRENT ASSETS

245,588

246,375

TOTAL ASSETS LESS CURRENT LIABILITIES

249,768

251,601

CREDITORS

Amounts falling due after more than one year

7

823,565

665,449

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

(573,797

)

(413,848

)

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

(573,797

)

(413,848

)

(573,797

)

(413,848

)

TOTAL MEMBERS' INTERESTS

Members' other interests

(573,797

)

(413,848

)

Amounts due from members

(62,278

)

(69,681

)

(636,075

)

(483,529

)

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

The financial statements were approved by the members of the LLP and authorised for issue on 30 September 2025 and were signed by:

Mrs Juliette Waterhouse - Designated member

1.	STATUTORY INFORMATION

REAL CAPITAL LONDON LLP is registered in England and Wales. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4.	OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

2024

2023

£

£

Depreciation - owned assets

1,046

1,306

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

22,866

DEPRECIATION

At 1 January 2024

17,640

Charge for year

1,046

At 31 December 2024

18,686

NET BOOK VALUE

At 31 December 2024

4,180

At 31 December 2023

5,226

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

3,729

7,361

Trade creditors

-

1

Other creditors

1,800

1,800

5,529

9,162

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

13,565

15,349

Other creditors

810,000

650,100

823,565

665,449

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

100

-

Repayable by instalments

Bank loans more 5 yr by instal

-

5,134

Other loans more 5yrs instal

810,000

650,100

810,000

655,234

8.	OTHER DISCLOSURES

There is an investment agreement in place for a capital investment of £20,000,000 to be made to Real Capital London LLP. The investors will be entitled to an equity share in the LLP as per the terms of the contracts signed between the parties.