REGISTERED NUMBER: OC399565 (England and Wales)

Report of the Members and

Financial Statements

for the Year Ended 31 March 2025

for

AMAS (TWO) LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

GM Jay Ltd

Mr J Jay

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

OC399565 (England and Wales)

ACCOUNTANTS:

JLA Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

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 rental.

DESIGNATED MEMBERS

The designated members during the year under review were:

GM Jay Ltd

Mr J Jay

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £7,504 (2024 - £12,703 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr J Jay - Designated member

9 December 2025

TURNOVER

-

-

Administrative expenses

8,291

13,005

(8,291

)

(13,005

)

Other operating income

27,605

33,070

OPERATING PROFIT

19,314

20,065

Interest payable and similar expenses

11,810

7,362

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

7,504

12,703

FIXED ASSETS

Investment property

4

665,513

665,513

CURRENT ASSETS

Cash at bank

853

13,302

CREDITORS

Amounts falling due within one year

5

450,000

450,000

NET CURRENT LIABILITIES

(449,147

)

(436,698

)

TOTAL ASSETS LESS CURRENT LIABILITIES

216,366

228,815

CREDITORS

Amounts falling due after more than one year

6

157,357

166,844

NET ASSETS ATTRIBUTABLE TO MEMBERS

59,009

61,971

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

59,009

61,971

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

59,009

61,971

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 9 December 2025 and were signed by:

Mr J Jay - Designated member

1.	STATUTORY INFORMATION

AMAS (Two) 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.	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.

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 1 (2024 - NIL ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

665,513

NET BOOK VALUE

At 31 March 2025

665,513

At 31 March 2024

665,513

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

(Unaudited)

£

£

Other creditors

450,000

450,000

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

(Unaudited)

£

£

Bank loans

157,357

166,844

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari pasu in relation to other creditors.