Company No: OC430619 (England and Wales)

Contents

• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

	Note	31.12.2024		31.12.2023
		£		£
Current assets
Debtors	3	7,124,214		3,436,414
		7,124,214		3,436,414
Creditors: amounts falling due within one year	4	( 15,747)		( 197,569)
Net current assets		7,108,467		3,238,845
Total assets less current liabilities		7,108,467		3,238,845
Net assets attributable to members		7,108,467		3,238,845
Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability		7,124,214		3,251,112
		7,124,214		3,251,112
Members' other interests
Other reserves		(15,747)		(12,267)
		(15,747)		(12,267)
		7,108,467		3,238,845
Total members' interests
Loans and other debts due to members		7,124,214		3,251,112
Members' other interests		(15,747)		(12,267)
		7,108,467		3,238,845

The notes on pages 10 to 13 form part of these financial statements.

For the financial period ending 31 December 2024 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.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Orkacap LLP (registered number: OC430619) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Raoul Malhotra On behalf of Orka Student Club Ltd

30 September 2025

	EQUITY Members' other interests			DEBT Loans and other debts due to members less any amounts due from members in debtors	Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Members' capital (classified as debt)	Total
	£	£	£	£	£
Amounts due to members				3,251,112
Balance at 01 March 2023	0	(8,667)	(8,667)	3,251,112	3,242,445
Loss for the financial period available for discretionary division among members	0	(3,600)	(3,600)	0	(3,600)
Members' interest after loss for the financial period	0	(12,267)	(12,267)	3,251,112	3,238,845
Amounts due to members				3,251,112
Balance at 31 December 2023	0	(12,267)	(12,267)	3,251,112	3,238,845
Loss for the financial period available for discretionary division among members	0	(3,480)	(3,480)	0	(3,480)
Members' interest after loss for the financial period	0	(15,747)	(15,747)	3,251,112	3,235,365
Amounts due to members				7,124,214
Balance at 31 December 2024	0	(15,747)	(15,747)	7,124,214	7,108,467

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Orkacap LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The principal activity of the LLP is owning a subsidiary that buys and sells real estate.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Trade and other creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense' in the Statement of Comprehensive Income.

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense' where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2. Employees

	12 month period to 31.12.2024		10 month period to 31.12.2023
	Number		Number
Monthly average number of persons employed by the LLP during the period	0		0

The entity has no employees.

3. Debtors

	31.12.2024		31.12.2023
	£		£
Amounts owed by Group undertakings	7,124,214		3,436,414

4. Creditors: amounts falling due within one year

	31.12.2024		31.12.2023
	£		£
Trade creditors	3,802		3,802
Accruals	7,080		3,600
Other creditors	4,865		190,167
	15,747		197,569

5. Related party transactions

Orkacap LLP owns 100% of shares in Orkacap (Project Boscombe) Ltd. Orkacap (Project Boscombe) Ltd borrowed money from its parent Orkacap LLP during the period. At 31 December 2024 the total amount owed to Orkacap LLP by Orkacap (Project Boscombe) Ltd was £7,124,214 (31 December 2023: £3,436,414).

£4,190 (31 December 2023: £189,492) was lent to Orkacap LLP by Orka Investments Ltd which owns 100% of two of Orkacap LLP's members.

There was also £675 (31 December 2023: £675) of insurance paid by Orka Investments Ltd (OIL) on behalf of Orkacap LLP. This was owed to OIL by Orkacap LLP at the year end 31 December 2023.

6. Ultimate controlling party

There is no ultimate controlling party.