REGISTERED NUMBER: OC426651 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

IPROPERTY VENTURES LONDON LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs S Duwadi

Mr S Duwadi

iProperty Ventures Ltd

REGISTERED OFFICE:

Unit 2.02 High Weald House

Glovers End

Bexhill

TN39 5ES

REGISTERED NUMBER:

OC426651 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Tangible assets

4

5,346

7,127

Investment property

5

3,800,000

3,800,000

3,805,346

3,807,127

CURRENT ASSETS

Debtors

44,897

26,704

CREDITORS

Amounts falling due within one year

6

11,438

7,862

NET CURRENT ASSETS

33,459

18,842

TOTAL ASSETS LESS CURRENT LIABILITIES

3,838,805

3,825,969

CREDITORS

Amounts falling due after more than one year

7

5,394

7,714

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,833,411

3,818,255

LOANS AND OTHER DEBTS DUE TO MEMBERS

33,411

18,255

MEMBERS' OTHER INTERESTS

Capital accounts

3,800,000

3,800,000

3,833,411

3,818,255

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

33,411

18,255

Members' other interests

3,800,000

3,800,000

Amounts due from members

(44,897

)

(26,704

)

3,788,514

3,791,551

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.

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 3 October 2025 and were signed by:

Mrs S Duwadi - Designated member

1.	STATUTORY INFORMATION

IProperty Ventures 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.

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% on reducing balance

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 April 2024

and 31 March 2025

700

16,500

17,200

Depreciation

At 1 April 2024

534

9,539

10,073

Charge for year

41

1,740

1,781

At 31 March 2025

575

11,279

11,854

Net book value

At 31 March 2025

125

5,221

5,346

At 31 March 2024

166

6,961

7,127

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2024

and 31 March 2025

3,800,000

Net book value

At 31 March 2025

3,800,000

At 31 March 2024

3,800,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

2,320

2,320

Other creditors

9,118

5,542

11,438

7,862

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

5,394

7,714

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

5,394

7,714