Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false 4 2024-04-01 The pricipal object of the LLP is that of property development.4 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC439412 2024-04-01 2025-03-31 OC439412 2023-04-01 2024-03-31 OC439412 2025-03-31 OC439412 2024-03-31 OC439412 c:CurrentFinancialInstruments 2025-03-31 OC439412 c:CurrentFinancialInstruments 2024-03-31 OC439412 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC439412 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC439412 d:FRS102 2024-04-01 2025-03-31 OC439412 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC439412 d:FullAccounts 2024-04-01 2025-03-31 OC439412 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC439412 2 2024-04-01 2025-03-31 OC439412 6 2024-04-01 2025-03-31 OC439412 d:PartnerLLP2 2024-04-01 2025-03-31 OC439412 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC439412 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC439412 c:FurtherSpecificReserve2ComponentTotalEquity 2025-03-31 OC439412 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC439412 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC439412 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC439412 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC439412 CUBEX LAND (FREOF V HIGHBRIDGE PM) LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
CUBEX LAND (FREOF V HIGHBRIDGE PM) LLP CONTENTS
| Page
Balance sheet | 1 - 2
Reconciliation of members' interests | 3
Notes to the financial statements | 4 - 7
CUBEX LAND (FREOF V HIGHBRIDGE PM) LLP REGISTERED NUMBER: OC439412 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 1,169 |  | 60,360
|  |  | 1,169 |  | 60,360
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 754 |  | 244 |
Cash at bank and in hand | 6 | 8,548 |  | 3,106 |
|  | 9,302 |  | 3,350 |
Creditors: Amounts Falling Due Within One Year | 7 | (3,700) |  | (3,138) |
Net current assets |  |  | 5,602 |  | 212
Total assets less current liabilities |  |  | 6,771 |  | 60,572
Net assets |  |  | 6,771 |  | 60,572
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts | 8 |  | (15,679) |  | (34,878)
|  |  | (15,679) |  | (34,878)
Members' other interests |  |  |  |  |
Members' capital classified as equity |  | 100 |  | 100 |
Members contribution classified as equity |  | 22,350 |  | 95,350 |
|  |  | 22,450 |  | 95,450
|  |  | 6,771 |  | 60,572
Total members' interests |  |  |  |  |
Loans and other debts due to members | 8 |  | (15,679) |  | (34,878)
Members' other interests |  |  | 22,450 |  | 95,450
|  |  | 6,771 |  | 60,572
Page 1
CUBEX LAND (FREOF V HIGHBRIDGE PM) LLP REGISTERED NUMBER: OC439412 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The entity 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. 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. The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the members and were signed on their behalf on 16 October 2025.
................................................ C A Allen On behalf of Fiera Real Estate UK Limited
Designated member
The notes on pages 4 to 7 form part of these financial statements. Page 2
CUBEX LAND (FREOF V HIGHBRIDGE PM) LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE YEAR ENDED 31 MARCH 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) | Members' contribution | Total | Other amounts | Total | Total
| £ | £ | £ | £ | £ | £
Members' interests after profit for the year | 100 | 82,518 | 82,618 | (51,152) | (51,152) | 31,466
Amounts introduced by members | - | 12,832 | 12,832 | - | - | 12,832
Members remuneration charged as an expense | - | - | - | 16,274 | 16,274 | 16,274
Amounts due to members |  |  |  | (34,878) | (34,878) |
Balance at 31 March 2024 | 100 | 95,350 | 95,450 | (34,878) | (34,878) | 60,572
Members' interests after profit for the year | 100 | 95,350 | 95,450 | (34,878) | (34,878) | 60,572
Amounts distributed to members | - | (73,000) | (73,000) | - | - | (73,000)
Members remuneration charged as an expense | - | - | - | 19,199 | 19,199 | 19,199
Amounts due to members |  |  |  | (15,679) | (15,679) |
Balance at 31 March 2025 | 100 | 22,350 | 22,450 | (15,679) | (15,679) | 6,771
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.
Page 3
CUBEX LAND (FREOF V HIGHBRIDGE PM) LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Cubex Land (FREOF V Highbridge PM) LLP is a Limited Liability Partnership, registered in England and Wales, registration number OC439412. The address of the registered office is Third Floor Queensbury House, 3 Old Burlington Street, London, W1S 3AE. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships". The following principal accounting policies have been applied:
| 2.2 | Non-going concern basis of preperation
The financial statements have not been prepared on a going concern basis as the LLP is no longer deemed to be a going concern. This is based on members’ intentions to dissolve the LLP following the disposal of the asset. The accounts have been prepared using the normal recognition and measurement criteria of IFRS, only deviating from these where adequate justifications exist.
| 2.3 | Turnover
Turnover represents fees receivable net of VAT and share of partnership result. Income is recognised as follows: (i) Fees receivable- turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the the consideration due. Where a contract has only been partially completed as at the balance sheet date turnover represernts the value of the services provided based on a proporation of the total expected consideration at completion. (ii) Share of partnership result- upon realisation of the profit or loss in the partnership.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Valuation of investments
The valuation of the investment in the SPV is based on the entity's entitlement to the proportion of the net assets of the SPV after adjusting for the fair value of the stock held.
| 2.6 | 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. Page 4
CUBEX LAND (FREOF V HIGHBRIDGE PM) LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.8 | 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.
| 2.9 | Financial instruments
The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the LLP's Balance sheet when the LLP becomes party to the contractual provisions of the instrument. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially Page 5
CUBEX LAND (FREOF V HIGHBRIDGE PM) LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.9 | Financial instruments (continued)
recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the LLP transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the LLP will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.
3. | Members
The average number of members during the year was 4 (2024: 4).
4. | Fixed asset investments
|  | Investments | Loans to investments | Share of results | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 April 2024 | 4 | 87,595 | (27,239) | 60,360
| Additions | - | (82,331) | 23,140 | (59,191)
| At 31 March 2025 | 4 | 5,264 | (4,099) | 1,169
Page 6
CUBEX LAND (FREOF V HIGHBRIDGE PM) LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Called up share capital not paid | 34 | 34
| Tax recoverable | 720 | 210
|  | 754 | 244
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 8,548 | 3,106
|  | 8,548 | 3,106
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accruals and deferred income | 3,700 | 3,138
|  | 3,700 | 3,138
8. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by members in respect of losses | (15,679) | (34,878)
|  | (15,679) | (34,878)
Page 7