CAP Investment Properties LLP - LLP accounts 24.3

REGISTERED NUMBER: OC428997 (England and Wales)

REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CAP INVESTMENT PROPERTIES LLP

Page

General Information

1

Report of the Members

2

Chartered Accountants' Report

3

Income Statement

4

Statement of Financial Position

5

Notes to the Financial Statements

7

DESIGNATED MEMBERS:

Mr A Alidina

Mr M J Carrozzo

Mr A Patel

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

OC428997 (England and Wales)

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

London

N21 3NA

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property investment and lettings.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr A Alidina

Mr M J Carrozzo

Mr A Patel

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £77,177 (2024 - £31,842 profit).

MEMBERS' INTERESTS

The members' subscription to capital is as determined by the members from time to time having regard to the short, medium and long term needs of the business. The level of capital contribution depends on the member's number of profit sharing units.

On retirement, capital is repaid to the members.

Details of changes in members' capital in the period ended 31 March 2025 are set out in the financial statements. Members are remunerated from the profits of the LLP. Profits are allocated and divided between members as agreed by the members from time to time.

Members draw a proportion of their profit share monthly during the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business.

Unrealised fair value adjustments are not shared among the members.

Losses are not shared among the members in accordance with the limited liability partnership agreement.

ON BEHALF OF THE MEMBERS:

Mr M J Carrozzo - Designated member

2 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of CAP Investment Properties LLP for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of CAP Investment Properties LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CAP Investment Properties LLP and state those matters that we have agreed to state to the members of CAP Investment Properties LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CAP Investment Properties LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that CAP Investment Properties LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CAP Investment Properties LLP. You consider that CAP Investment Properties LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CAP Investment Properties LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

AGK Partners

Chartered Accountants

1 Kings Avenue

London

N21 3NA

2 December 2025

REVENUE

111,526

109,854

Administrative expenses

33,821

39,582

OPERATING PROFIT

77,705

70,272

Interest payable and similar expenses

528

38,430

PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS

77,177

31,842

FIXED ASSETS

Investment property

5

1,075,000

CURRENT ASSETS

Debtors

6

47,519

47,864

Cash at bank

60,088

12,762

107,607

60,626

CREDITORS

Amounts falling due within one year

7

34,900

33,949

NET CURRENT ASSETS

72,707

26,677

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,147,707

1,101,677

CREDITORS

Amounts falling due after more than one year

8

-

30,847

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,147,707

1,070,830

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

1,144,867

1,067,990

MEMBERS' OTHER INTERESTS

Other reserves

2,840

1,147,707

1,070,830

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

1,144,867

1,067,990

Members' other interests

2,840

1,147,707

1,070,830

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 2 December 2025 and were signed by:

Mr M J Carrozzo - Designated member

1.	STATUTORY INFORMATION

CAP Investment Properties LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue represents the value of rental income chargeable in respect of the company's investment property.

Revenue is recognised evenly over the period of the rental agreement.

Investment property

Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Cash and cash equivalent

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible 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 and loss.

3.	EMPLOYEE INFORMATION

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

4.	INFORMATION IN RELATION TO MEMBERS

2025

2024

The average number of members during the year was

3

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,075,000

NET BOOK VALUE

At 31 March 2025

1,075,000

At 31 March 2024

1,075,000

The members consider the market value of the investment property to be as stated in the financial statements.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

47,519

47,864

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

5,049

Trade creditors

7,800

1,800

Other creditors

27,100

34,900

33,949

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

-

30,847

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

9,074

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

Loans from members

982,078

982,378

Amounts owed to members in respect of profits

162,789

85,612

1,144,867

1,067,990

Falling due within one year

1,144,867

1,067,990

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

There are no restrictions or limitations on the ability of the members to reduce the amount of members' other

interest.

10.	RELATED PARTY DISCLOSURES

Included in other debtors less than one year is an amount of £42,200 (2024: £42,200) due from connected companies with common control. The amount is interest-free and recoverable on demand.

Included in other creditors less than one year is an amount of £25,000 (2024: £25,000) due to a connected company with common control. The amount is interest-free and repayable on demand.