REGISTERED NUMBER: OC443915 (England and Wales)

Hira Portfolio LLP

Unaudited Financial Statements for the Year Ended 28 February 2025

Page

Balance Sheet

1

Notes to the Financial Statements

4

FIXED ASSETS

Investment property

4

640,000

620,000

CURRENT ASSETS

Debtors

5

1,525

1,525

Cash at bank

1,618

3,644

3,143

5,169

CREDITORS

Amounts falling due within one year

6

20,664

33,571

NET CURRENT LIABILITIES

(17,521

)

(28,402

)

TOTAL ASSETS LESS CURRENT LIABILITIES

622,479

591,598

CREDITORS

Amounts falling due after more than one year

7

367,148

392,382

NET ASSETS ATTRIBUTABLE TO MEMBERS

255,331

199,216

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

56,461

346

MEMBERS' OTHER INTERESTS

Capital accounts

198,870

198,870

255,331

199,216

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

56,461

346

Members' other interests

198,870

198,870

255,331

199,216

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 28 February 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 20 October 2025 and were signed by:

Mrs S S Hira - Designated member

Mr R Hira - Designated member

1.	STATUTORY INFORMATION

Hira Portfolio LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC443915

Registered office:

27 Parrys Close

Stoke Bishop

Bristol

BS9 1AW

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

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non convertible preference preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2024 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

620,000

Revaluations

20,000

At 28 February 2025

640,000

NET BOOK VALUE

At 28 February 2025

640,000

At 29 February 2024

620,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2024

10,000

Valuation in 2025

20,000

Cost

610,000

640,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

610,000

610,000

The investment properties were valued on an open market basis on 28 February 2025 by the members .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,525

1,525

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

20,664

33,571

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

367,148

392,382

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

367,148

392,382

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.