REGISTERED NUMBER: OC330092 (England and Wales)

Financial Statements For The Year Ended 31 March 2025

for

TWINPLANE (UK) LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

143,087

150,483

Investment property

5

10,350,000

11,300,000

10,493,087

11,450,483

CURRENT ASSETS

Debtors

6

35,179

2,622

Cash at bank and in hand

607,918

611,664

643,097

614,286

CREDITORS

Amounts falling due within one year

7

653,964

653,962

NET CURRENT LIABILITIES

(10,867

)

(39,676

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,482,220

11,410,807

CREDITORS

Amounts falling due after more than one year

8

4,389,865

4,390,444

NET ASSETS ATTRIBUTABLE TO MEMBERS

6,092,355

7,020,363

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

6,092,355

7,020,363

6,092,355

7,020,363

TOTAL MEMBERS' INTERESTS

Members' other interests

6,092,355

7,020,363

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.

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 13 November 2025 and were signed by:

Mr Sewnarine Sadoo - Designated member

1.	STATUTORY INFORMATION

Twinplane (UK) LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC330092

Registered office:

5 Bedford Road

Clapham North

London

SW4 7SH

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 represents represents amounts receivable for rent of the properties held less refunds repayable.

Tangible fixed assets

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

Land and buildings

-

2% Straight Line

Plant and machinery etc

-

25% on reducing balance

In accordance with FRSSE, no depreciation is provided in respect of investment properties. This represents a departure from the Companies Act 1985 requirement to provide for the systematic annual depreciation of fixed assets. However these properties are held for investment, rather than consumption, and the partners consider that the adoption of the above policy is necessary to give a true and fair view.

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.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

property

vehicles

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

195,000

58,925

253,925

DEPRECIATION

At 1 April 2024

58,500

44,942

103,442

Charge for year

3,900

3,496

7,396

At 31 March 2025

62,400

48,438

110,838

NET BOOK VALUE

At 31 March 2025

132,600

10,487

143,087

At 31 March 2024

136,500

13,983

150,483

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

11,300,000

Revaluations

(950,000

)

At 31 March 2025

10,350,000

NET BOOK VALUE

At 31 March 2025

10,350,000

At 31 March 2024

11,300,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2015

3,063,502

Valuation in 2016

1,100,000

Valuation in 2017

700,000

Valuation in 2018

1,513,363

Valuation in 2020

(950,000

)

Valuation in 2021

(3,175,000

)

Valuation in 2022

2,125,000

Valuation in 2023

295,702

Valuation in 2024

490,662

Valuation in 2025

(950,000

)

Cost

6,136,771

10,350,000

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

31/3/25

31/3/24

£

£

Cost

6,136,771

6,136,771

Investment properties were valued on an open market basis on 31 March 2025 by designated partners .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Other debtors

35,179

2,622

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Other creditors

653,964

653,962

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

4,389,865

4,390,444

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

4,389,865

4,390,444