Registered number
OC434514
Frangipane Investments LLP
Filleted Accounts
31 December 2024
Frangipane Investments LLP
Registered number: OC434514
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 99,300 99,300
Current assets
Debtors 4 1,603,849 1,603,849
Cash at bank and in hand - 10
1,603,849 1,603,859
Creditors: amounts falling due within one year 5 (14,137) (14,147)
Net current assets 1,589,712 1,589,712
Total assets less current liabilities 1,689,012 1,689,012
Creditors: amounts falling due after more than one year 6 (189,733) (185,179)
Net assets attributable to members 1,499,279 1,503,833
Represented by:
Members' other interests
Members' capital classified as equity 1,521,426 1,521,426
Other reserves (22,147) (17,593)
1,499,279 1,503,833
1,499,279 1,503,833
Total members' interests
Members' other interests 1,499,279 1,503,833
1,499,279 1,503,833
For the year ended 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 27 November 2025 and signed on their behalf by:
Mr Brendan Shanks
Designated member
Frangipane Investments LLP
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Fixed asset investments
Other
investments
£
Cost
At 1 January 2024 99,300
At 31 December 2024 99,300
4 Debtors 2024 2023
£ £
Other debtors 1,603,849 1,603,849
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 598 608
Other creditors 13,539 13,539
14,137 14,147
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 189,733 185,179
7 Loans and other debts due to members 2024 2023
£ £
Amounts falling due within one year (1,521,426) (1,521,426)
Amounts falling due after more than one year 1,521,426 1,521,426
- -
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other information
Frangipane Investments LLP is a limited liability partnership incorporated in England. Its registered office is:
2nd Floor Nucleus House
2 Lower Mortlake Road
Richmond
TW9 2JA
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