Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 0 false 0 The principal objective of the LLP is that of property management false 2024-04-01 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC441314 2024-04-01 2025-03-31 OC441314 2023-04-01 2024-03-31 OC441314 2025-03-31 OC441314 2024-03-31 OC441314 c:CurrentFinancialInstruments 2025-03-31 OC441314 c:CurrentFinancialInstruments 2024-03-31 OC441314 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC441314 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC441314 d:FRS102 2024-04-01 2025-03-31 OC441314 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC441314 d:FullAccounts 2024-04-01 2025-03-31 OC441314 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC441314 2 2024-04-01 2025-03-31 OC441314 5 2024-04-01 2025-03-31 OC441314 6 2024-04-01 2025-03-31 OC441314 d:PartnerLLP1 2024-04-01 2025-03-31 OC441314 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC441314 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC441314 c:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 OC441314 c:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 OC441314 c:FurtherSpecificReserve2ComponentTotalEquity 2025-03-31 OC441314 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC441314 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC441314 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC441314 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC441314 CUBEX LAND (FREOF V SWINDON PM) LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
CUBEX LAND (FREOF V SWINDON PM) LLP CONTENTS
| Page
Balance Sheet | 1 - 2
Reconciliation of Members' Interests | 3
Notes to the Financial Statements | 4 - 8
CUBEX LAND (FREOF V SWINDON PM) LLP REGISTERED NUMBER: OC441314 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 468,770 |  | 199,382
|  |  | 468,770 |  | 199,382
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 819 |  | 29,855 |
Cash at bank and in hand | 6 | 63,704 |  | 1,617 |
|  | 64,523 |  | 31,472 |
Creditors: Amounts Falling Due Within One Year | 7 | (3,600) |  | (31,246) |
Net current assets |  |  | 60,923 |  | 226
Total assets less current liabilities |  |  | 529,693 |  | 199,608
Net assets |  |  | 529,693 |  | 199,608
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts | 9 |  | (18,732) |  | (82,865)
|  |  | (18,732) |  | (82,865)
Members' other interests |  |  |  |  |
Members' capital classified as equity |  | 481,627 |  | 282,373 |
Members' contributions classified as equity |  | 100 |  | 100 |
Other reserves classified as equity |  | 66,698 |  | - |
|  |  | 548,425 |  | 282,473
|  |  | 529,693 |  | 199,608
Total members' interests |  |  |  |  |
Loans and other debts due to members | 9 |  | (18,732) |  | (82,865)
Members' other interests |  |  | 548,425 |  | 282,473
|  |  | 529,693 |  | 199,608
Page 1
CUBEX LAND (FREOF V SWINDON PM) LLP REGISTERED NUMBER: OC441314 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 21 November 2025.
................................................ C A Allen On behalf of Fiera Real Estate UK Limited
Designated member
The notes on pages 4 to 8 form part of these financial statements. Page 2
CUBEX LAND (FREOF V SWINDON 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' Contributions | Members' capital (classified as equity) | Other reserves | Total | Current account | Total | Total
| £ | £ | £ | £ | £ | £ | £
Members' interests after profit for the year | 231,441 | 100 | - | 231,541 | (42,640) | (42,640) | 188,901
Other division of losses | - | - | - | - | (40,225) | (40,225) | (40,225)
Amounts introduced by members | 50,932 | - | - | 50,932 | - | - | 50,932
Amounts due to members |  |  |  |  | (82,865) | (82,865) |
Balance at 31 March 2024 | 282,373 | 100 | - | 282,473 | (82,865) | (82,865) | 199,608
Members' interests after profit for the year | 282,373 | 100 | - | 282,473 | (82,865) | (82,865) | 199,608
Other division of profits | - | - | - | - | 64,133 | 64,133 | 64,133
Amounts introduced by members | - | - | 66,698 | 66,698 | - | - | 66,698
Amounts introduced by members | 299,254 | - | - | 299,254 | - | - | 299,254
Repayment of capital | (100,000) | - | - | (100,000) | - | - | (100,000)
Amounts due to members |  |  |  |  | (18,732) | (18,732) |
Balance at 31 March 2025 | 481,627 | 100 | 66,698 | 548,425 | (18,732) | (18,732) | 529,693
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 SWINDON PM) LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Cubex Land (FREOF V Swindon PM) LLP is a Limited Liability Partnership, registered in England and Wales, registration number OC441314. The address of the registered office is Third Floor Queensberry 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The LLP is currently reliant on its members for financial support. The members are committed to the sustainment of the LLP and its property management activities, and are confident that the LLP has the resources to continue operating for at least 12 months from the date the financial statements are authorised. The members have concluded that it is appropriate that the financial statements be prepared on a going concern basis.
| 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. Page 4
CUBEX LAND (FREOF V SWINDON PM) LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | Division and distribution of profits
A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period. An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making. The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in . In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.
| 2.7 | 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.
| 2.8 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
| 2.9 | 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.
| 2.10 | 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. Page 5
CUBEX LAND (FREOF V SWINDON PM) LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.11 | 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 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.
3. | Members
| The entity has no employees.
| The average monthly number of members during the year was 4 (2024: 4).
Page 6
CUBEX LAND (FREOF V SWINDON PM) LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Fixed asset investments
|  | Investments | Loans to investments | Fair value adjustments | Current account | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 April 2024 | 4 | 276,381 | - | (77,003) | 199,382
| Additions | - | 343,216 | - | 68,077 | 411,293
| Disposals | - | (208,603) | - | - | (208,603)
| Revaluations | - | - | 66,698 | - | 66,698
| At 31 March 2025 | 4 | 410,994 | 66,698 | (8,926) | 468,770
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 719 | 29,755
| Called up share capital not paid | 100 | 100
|  | 819 | 29,855
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 63,704 | 1,617
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | - | 29,046
| Accruals and deferred income | 3,600 | 2,200
|  | 3,600 | 31,246
Page 7
CUBEX LAND (FREOF V SWINDON PM) LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Other reserves
This represents the fair value adjustment of the investment. This reserve is undistributable.
9. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other amounts due to/(from) members | (18,732) | (82,865)
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
10. | Current account
|  | Balance b/fwd | Share of result | Balance c/fwd
|  | £ | £ | £
| Fiera Real Estate UK Limited | (34,795) | 26,929 | (7,866)
| Maple Leaf (Property Ventures) Limited | (4,582) | 3,547 | (1,035)
| Jedi Holdings Limited | (43,488) | 33,657 | (9,831)
|  | (82,865) | 64,133 | (18,732)
Page 8