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

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

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

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

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

(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

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

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

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

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

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.

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

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

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.