IRIS Accounts Production v25.2.0.378 OC305081 designated member 1.4.24 31.3.25 31.3.25 0 0 false true false false true false Fair value model 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC305081 2024-03-31 OC305081 2025-03-31 OC305081 2024-04-01 2025-03-31 OC305081 2023-03-31 OC305081 2023-04-01 2024-03-31 OC305081 2024-03-31 OC305081 ns15:EnglandWales 2024-04-01 2025-03-31 OC305081 ns14:PoundSterling 2024-04-01 2025-03-31 OC305081 ns10:PartnerLLP1 2024-04-01 2025-03-31 OC305081 ns10:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC305081 ns10:SmallEntities 2024-04-01 2025-03-31 OC305081 ns10:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC305081 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC305081 ns10:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC305081 ns10:FullAccounts 2024-04-01 2025-03-31 OC305081 ns10:PartnerLLP2 2024-04-01 2025-03-31 OC305081 ns10:RegisteredOffice 2024-04-01 2025-03-31 OC305081 ns5:CurrentFinancialInstruments 2025-03-31 OC305081 ns5:CurrentFinancialInstruments 2024-03-31 OC305081 ns5:Non-currentFinancialInstruments 2025-03-31 OC305081 ns5:Non-currentFinancialInstruments 2024-03-31 OC305081 ns5:CapitalRedemptionReserve 2025-03-31 OC305081 ns5:CapitalRedemptionReserve 2024-03-31 OC305081 ns5:MotorVehicles 2024-04-01 2025-03-31 OC305081 ns5:MotorVehicles 2024-03-31 OC305081 ns5:MotorVehicles 2025-03-31 OC305081 ns5:MotorVehicles 2024-03-31 OC305081 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-03-31 OC305081 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 OC305081 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2025-03-31 OC305081 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-03-31 OC305081 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 OC305081 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 OC305081 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2025-03-31 OC305081 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-03-31 OC305081 ns5:Secured 2025-03-31 OC305081 ns5:Secured 2024-03-31

REGISTERED NUMBER: OC305081 (England and Wales)

Report of the Members and

Financial Statements for the Year Ended 31 March 2025

for

LAI'S INVESTMENTS LLP

| LAI'S INVESTMENTS LLP (REGISTERED NUMBER: OC305081) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| General Information | 1 |

| Report of the Members | 2 |

| Income Statement | 3 |

| Other Comprehensive Income | 4 |

| Statement of Financial Position | 5 |

| Reconciliation of Members' Interests | 7 |

| Notes to the Financial Statements | 9 |

| LAI'S INVESTMENTS LLP |

General Information

for the Year Ended 31 March 2025

| DESIGNATED MEMBERS: | K M Lai

| Mrs T N Lai

| REGISTERED OFFICE: | 7 Marconi Gate

| Stafford

| Staffordshire

| ST18 0FZ

| REGISTERED NUMBER: | OC305081 (England and Wales)

| ACCOUNTANTS: | Lawton Bradford Accountants Ltd

| Chartered Certified Accountants

| 7 Marconi Gate

| Stafford

| Staffordshire

| ST18 0FZ

| LAI'S INVESTMENTS LLP (REGISTERED NUMBER: OC305081) |

Report of the Members

for the Year Ended 31 March 2025

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of the ownership and management of various investment properties.

DESIGNATED MEMBERS

The designated members during the year under review were:

K M Lai

Mrs T N Lai

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £137 (2024 - £10,264 profit).

MEMBERS' INTERESTS

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set by taking in to account the cash needs of the LLP. Any amounts drawn in excess of the allocated profit will be repaid to the LLP immediately with interest on the excess at an interest rate of 3% above the base lending rate of the bank.

During the year there have been no subscriptions or repayments of members capital.

ON BEHALF OF THE MEMBERS:

K M Lai - Designated member

9 October 2025

| LAI'S INVESTMENTS LLP (REGISTERED NUMBER: OC305081) |

Income Statement

for the Year Ended 31 March 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

TURNOVER | 13,000 |  | 17,500 |  |

Administrative expenses | 3,033 |  | 7,102 |  |

OPERATING PROFIT | 9,967 |  | 10,398 |  |

Interest payable and similar expenses | 10,104 |  | 134 |  |

(LOSS)/PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | (137 | ) | 10,264 |  |

| LAI'S INVESTMENTS LLP (REGISTERED NUMBER: OC305081) |

Other Comprehensive Income

for the Year Ended 31 March 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

(LOSS)/PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | (137 | ) | 10,264 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | (137 | ) | 10,264 |  |

| LAI'S INVESTMENTS LLP (REGISTERED NUMBER: OC305081) |

Statement of Financial Position

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 6 | 5,226 |  | 6,533 |  |

Investment property | 7 | 700,000 |  | 700,000 |  |

705,226 |  | 706,533 |  |

CURRENT ASSETS

Debtors | 8 | 32,243 |  | 23,568 |  |

Cash at bank | 346 |  | 216 |  |

32,589 |  | 23,784 |  |

CREDITORS

Amounts falling due within one year | 9 | 109,969 |  | 172,312 |  |

NET CURRENT LIABILITIES | (77,380 | ) | (148,528 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 627,846 |  | 558,005 |  |

CREDITORS

Amounts falling due after more than one year | 10 | 74,050 |  | 4,533 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 553,796 |  | 553,472 |  |

| LAI'S INVESTMENTS LLP (REGISTERED NUMBER: OC305081) |

Statement of Financial Position - continued

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 13 | 1,004,093 |  | 1,003,769 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 10,000 |  | 10,000 |  |

Fair value reserve | (460,297 | ) | (460,297 | ) |

553,796 |  | 553,472 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 13 | 1,004,093 |  | 1,003,769 |  |

Members' other interests | (450,297 | ) | (450,297 | ) |

553,796 |  | 553,472 |  |

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 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 9 October 2025 and were signed by:

K M Lai - Designated member

| LAI'S INVESTMENTS LLP (REGISTERED NUMBER: OC305081) |

Reconciliation of Members' Interests

for the Year Ended 31 March 2025

| EQUITY

| Members' other interests

| Members' |

| capital |

| (classified |

| as |  | Other |

| equity) |  | reserves |  | Total

£ | £ | £ |

Balance at 1 April 2024 | 10,000 |  | (460,297 | ) | (450,297 | ) |

Loss for the financial year available for discretionary division among members | - |  | (137 | ) | (137 | ) |

Members' interests after loss for the year | 10,000 |  | (460,434 | ) | (450,434 | ) |

Other divisions of loss | - |  | 137 |  | 137 |  |

Introduced by members | - |  | - |  | - |  |

Balance at 31 March 2025 | 10,000 |  | (460,297 | ) | (450,297 | ) |

| 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 | 1,003,769 |  |

Amount due from members | - |  |

Balance at 1 April 2024 | 1,003,769 |  | 553,472 |  |

Loss for the financial year available for discretionary division among members | - |  | (137 | ) |

Members' interests after loss for the year | 1,003,769 |  | 553,335 |  |

Other divisions of loss | (137 | ) | - |  |

Introduced by members | 461 |  | 461 |  |

Amount due to members | 1,004,093 |  |

Amount due from members | - |  |

Balance at 31 March 2025 | 1,004,093 |  | 553,796 |  |

| LAI'S INVESTMENTS LLP (REGISTERED NUMBER: OC305081) |

Reconciliation of Members' Interests

for the Year Ended 31 March 2025

| EQUITY

| Members' other interests

| Members' |

| capital |

| (classified |

| as |  | Other |

| equity) |  | reserves |  | Total

£ | £ | £ |

Balance at 1 April 2023 | 10,000 |  | (460,297 | ) | (450,297 | ) |

Profit for the financial year available for discretionary division among members | - |  | 10,264 |  | 10,264 |  |

Members' interests after profit for the year | 10,000 |  | (450,033 | ) | (440,033 | ) |

Other divisions of profit | - |  | (10,264 | ) | (10,264 | ) |

Introduced by members | - |  | - |  | - |  |

Balance at 31 March 2024 | 10,000 |  | (460,297 | ) | (450,297 | ) |

| 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 | 993,216 |  |

Amount due from members | - |  |

Balance at 1 April 2023 | 993,216 |  | 542,919 |  |

Profit for the financial year available for discretionary division among members | - |  | 10,264 |  |

Members' interests after profit for the year | 993,216 |  | 553,183 |  |

Other divisions of profit | 10,264 |  | - |  |

Introduced by members | 289 |  | 289 |  |

Amount due to members | 1,003,769 |  |

Amount due from members | - |  |

Balance at 31 March 2024 | 1,003,769 |  | 553,472 |  |

| LAI'S INVESTMENTS LLP (REGISTERED NUMBER: OC305081) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Lai's Investments LLP is a limited liability partnership, limited by members capital, registered in England and Wales. The company's registered number is OC305081 and the registered office address is 7 Marconi Gate, Staffordshire Technology Park, Stafford, Staffordshire, ST18 0FZ.

| The principal activity during the year was that of the ownership and management of investment property.

| The presentation of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Significant judgements and estimates

| The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates and valuations. Management considers that certain accounting assumptions relating to revenue and provisions are its critical accounting policies.

| Turnover

| Turnover represents the value, net of value added tax, of rental income. Turnover is recognised on an accruals basis, dependent on rental agreements.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Motor vehicles | - | 20% on reducing balance

| Investment property

| Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise. The gains/losses are shown separately in the Fair Value Reserve, which is an undistributable reserve.

| Leased assets and obligations

| Leases that do not give rights approximating to ownership are "operating leases" and the annual rentals are charged to the profit and loss account on a straight line basis over the lease term.

| Going concern

| The key risk to the business is in respect of the occupancy of the property and the servicing of the long term debt. Rent has been restarted on the property in order to service the loan and a formal lease is in place. The partners have considered the risks and believe the expected cashflows are adequate to enable the LLP to meet its liabilities as they fall due for at least the 12 months from the date of signing the financial statements. For this reason, the partners have adopted the going concern basis in preparing the financial statements.

| LAI'S INVESTMENTS LLP (REGISTERED NUMBER: OC305081) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

3. | ACCOUNTING POLICIES - continued

| Tax provisions

| Taxation on the profits of the LLP is solely the liability of individual members. Therefore, neither income tax nor deferred tax arising in respect of the LLP's profit is included in these financial statements.

4. | EMPLOYEE INFORMATION

| The average number of employees during the year was NIL (2024 - NIL).

5. | INFORMATION IN RELATION TO MEMBERS

| 31.3.25 |  | 31.3.24

| The average number of members during the year was | 2 |  | 2 |  |

6. | TANGIBLE FIXED ASSETS

| Motor

| vehicles

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 20,275 |  |

| DEPRECIATION

| At 1 April 2024 | 13,742 |  |

| Charge for year | 1,307 |  |

| At 31 March 2025 | 15,049 |  |

| NET BOOK VALUE

| At 31 March 2025 | 5,226 |  |

| At 31 March 2024 | 6,533 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 20,275 |  |

| DEPRECIATION

| At 1 April 2024 | 13,742 |  |

| Charge for year | 1,307 |  |

| At 31 March 2025 | 15,049 |  |

| NET BOOK VALUE

| At 31 March 2025 | 5,226 |  |

| At 31 March 2024 | 6,533 |  |

| LAI'S INVESTMENTS LLP (REGISTERED NUMBER: OC305081) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 700,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 700,000 |  |

| At 31 March 2024 | 700,000 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2012 | 402,245 |  |

| Valuation in 2013 | 195,000 |  |

| Valuation in 2015 | (710,297 | ) |

| Valuation in 2016 | (347,245 | ) |

| Cost | 1,160,297 |  |

700,000 |  |

| The LLP has allowed a charge over the company's assets, including the investment property with a carrying amount of £700,000, as security for the bank loan.

| The property valuation was reviewed and considered by the directors' to be a reasonable estimate of market value as at 31 March 2025.

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts owed by group undertakings | 32,243 |  | 23,568 |  |

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts (see note 11) | 55,032 |  | 3,400 |  |

| Trade creditors | 3,854 |  | 1,846 |  |

| Amounts owed to group undertakings | 21,219 |  | 135,491 |  |

| Taxation and social security | 10,779 |  | 12,489 |  |

| Other creditors | 19,085 |  | 19,086 |  |

109,969 |  | 172,312 |  |

10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans (see note 11) | 74,050 |  | 4,533 |  |

| LAI'S INVESTMENTS LLP (REGISTERED NUMBER: OC305081) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

11. | LOANS

| An analysis of the maturity of loans is given below:

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans - less than 1 yr | 55,032 |  | 3,400 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 74,050 |  | 4,533 |  |

| The bank loan is repayable by monthly instalments until 2028.

12. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 129,082 |  | 7,933 |  |

| There is a joint and several guarantee given by the members for £100,000 and a deed of assignment of rental income. A legal charge exists over the fixed assets of the LLP.

| The bank loan is secured by way of charges over the investment property.

13. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts owed to members in respect of profits | 1,004,093 |  | 1,003,769 |  |

| Falling due within one year | 1,004,093 |  | 1,003,769 |  |

| Loans and other debts due to members would rank equally with debts due to ordinary creditors on winding up.