REGISTERED NUMBER: OC378914 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

VNM Developments LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr V Pokar

Mr. M Pokar

Mr. N Pokar

REGISTERED OFFICE:

Suite 3

Falcon Court Business Centre

College Road

Maidstone

Kent

ME15 6TF

REGISTERED NUMBER:

OC378914 (England and Wales)

ACCOUNTANTS:

Skyfire Accountancy Ltd

The Old Rectory

Springhead Road

Northfleet

Kent

DA11 8HN

FIXED ASSETS

Tangible assets

5

3,297

18,707

Investment property

6

770,000

770,000

773,297

788,707

CURRENT ASSETS

Debtors

131,460

127,151

Cash at bank

5,485

7,485

136,945

134,636

CREDITORS

Amounts falling due within one year

55,041

57,349

NET CURRENT ASSETS

81,904

77,287

TOTAL ASSETS LESS CURRENT LIABILITIES

855,201

865,994

CREDITORS

Amounts falling due after more than one year

7

485,156

495,354

NET ASSETS ATTRIBUTABLE TO MEMBERS

370,045

370,640

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

3,285

3,880

MEMBERS' OTHER INTERESTS

Fair value reserve

366,760

366,760

370,045

370,640

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

3,285

3,880

Members' other interests

366,760

366,760

Amounts due from members

(131,460

)

(127,151

)

238,585

243,489

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 29 October 2025 and were signed by:

Mr V Pokar - Designated member

Mr. M Pokar - Designated member

1.	STATUTORY INFORMATION

VNM Developments 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.	STATEMENT OF COMPLIANCE

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.

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.

Revenue recognition

Rental income from operating leases (net of any incentives given to the lessees) is recognised when the right to receive payment is established.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Investment property

Investment property has been revalued to fair value at the balance sheet date by the members based on their own research and experience. There has been no independent professional valuation undertaken during the period.

4.	EMPLOYEE INFORMATION

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

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

124,707

Disposals

(107,207

)

At 31 March 2025

17,500

DEPRECIATION

At 1 April 2024

106,000

Charge for year

1,100

Eliminated on disposal

(92,897

)

At 31 March 2025

14,203

NET BOOK VALUE

At 31 March 2025

3,297

At 31 March 2024

18,707

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

770,000

NET BOOK VALUE

At 31 March 2025

770,000

At 31 March 2024

770,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

304,385

Valuation in 2019

(7,626

)

Valuation in 2021

20,000

Valuation in 2023

30,000

Valuation in 2024

20,000

Cost

403,241

770,000

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.25

31.3.24

£

£

Repayable otherwise than by instalments

Mortgage due more than 5 years

479,322

479,521

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Mortgages

479,322

479,521

The bank loan is secured against the properties held within investment property.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

3,285

3,880

Falling due within one year

3,285

3,880

10.	RELATED PARTY DISCLOSURES

At the end of the period, the amount owed to companies under the control of the members was £43,611 (2024: £46,611). The balance is included within creditors due within one year, is free of interest and repayable on demand.