Metropole Investment LLP

	Page
LLP Information	1
Members' Report	2
Accountant's Report	3
Profit and Loss Account	4
Balance Sheet	5—6
Notes to the Financial Statements	7—8

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Registered No. OC333047

Members' Report For The Year Ended 31 March 2025

Members' Report

The members present their report and the financial statements for the year ended 31 March 2025.

Principal Activity

The LLP's principal activity continues to be that of property investment.

Members

The designated members who held office during the year were as follows:

Mrs Susan Lipman

Mr Ian Lipman

Statement of Members' Responsibilities

The members are responsible for preparing the financial statements in accordance with applicable law and regulations.Company law as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law as applied to Limited Liability Partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss for that period. In preparing the financial statements the members are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The members are responsible for the maintenance and integrity of the corporate and financial information included on the LLP's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Signed on behalf of the members by

Mr Ian Lipman

Designated Member

08/12/2025

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Metropole Investment LLP

Accountant's Report

For The Year Ended 31 March 2025

Accountant's Report

Report to the partners on the preparation of the unaudited statutory accounts of Metropole Investment LLP for the year ended 31 March 2025

To assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, I have prepared for your approval the accounts of Metropole Investment LLP which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the partnership’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the partners of Metropole Investment LLP, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Metropole Investment LLP and state those matters that we have agreed to state to the partners of Metropole Investment LLP, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Metropole Investment LLP and its partners as a body for our work or for this report.

It is your duty to ensure that Metropole Investment LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Metropole Investment LLP. You consider that Metropole Investment 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 accounts of Metropole Investment 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 financial statements.

08/12/2025

VP Associates

39a Joel Street

Northwood Hills

HA6 1NZ

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Metropole Investment LLP

Profit and Loss Account

For The Year Ended 31 March 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		40,246	39,752

GROSS PROFIT		40,246	39,752

Administrative expenses		(9,837 )	(8,200 )

OPERATING PROFIT		30,409	31,552
Other interest receivable and similar income		1,080	1,962

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS		31,489	33,514

The notes on pages 7 to 8 form part of these financial statements.

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Metropole Investment LLP

Balance Sheet

As At 31 March 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		700,000		700,000

			700,000		700,000
CURRENT ASSETS
Debtors	5	16,654		9,288
Cash at bank and in hand		18,820		71,685

		35,474		80,973
Creditors: Amounts Falling Due Within One Year	6	(22,084 )		(18,872 )

NET CURRENT ASSETS (LIABILITIES)			13,390		62,101

TOTAL ASSETS LESS CURRENT LIABILITIES			713,390		762,101

NET ASSETS ATTRIBUTABLE TO MEMBERS			713,390		762,101

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		681,901		728,587
Other amounts		31,489		6,703

			713,390		735,290

Equity
Members' other interests
Other reserves		-		26,811

			-		26,811

			713,390		762,101

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			713,390		735,290
Members' other interests			-		26,811

			713,390		762,101

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Metropole Investment LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

On behalf of the members

Mrs Susan Lipman Designated Member	Mr Ian Lipman Designated Member
08/12/2025

The notes on pages 7 to 8 form part of these financial statements.

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Metropole Investment LLP

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Metropole Investment LLP is a limited liability partnership, incorporated in England & Wales, registered number OC333047 . The Registered Office is 114a Cromwell Road, Kensington, London, SW7 4AG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	700,000

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	200
Other debtors	16,654	9,088

	16,654	9,288

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Metropole Investment LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	20,392	16,579
Taxation and social security	1,692	2,293

	22,084	18,872

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Designated Members	Mrs Susan Lipman
	Mr Ian Lipman

LLP Registration Number	OC333047

Registered Office	114a Cromwell Road
	Kensington
	London
	SW7 4AG

Accountants	VP Associates
	39a Joel Street
	Northwood Hills
	HA6 1NZ