Timeboard Investments LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC373879 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Timeboard Investments LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Timebase Investments Limited

Timeblock Investments Limited

REGISTERED OFFICE:

c/o Parker Cavendish, Suite 301,

Stanmore Business and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

REGISTERED NUMBER:

OC373879 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Property, plant and equipment

4

18,981

37,961

Investments

5

1

Investment property

6

14,008,210

14,027,192

14,046,172

CURRENT ASSETS

Debtors

7

220,850

203,348

Cash at bank

751,152

2,670,368

972,002

2,873,716

CREDITORS

Amounts falling due within one year

8

(195,925

)

(186,485

)

NET CURRENT ASSETS

776,077

2,687,231

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,803,269

16,733,403

CREDITORS

Amounts falling due after more than one
year

9

(7,760,000

)

(9,100,000

)

PROVISIONS FOR LIABILITIES

(4,801,020

)

(5,568,736

)

NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,242,249

2,064,667

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

2,242,249

2,064,667

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

2,242,249

2,064,667

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 17 December 2025 and were signed by:

Timebase Investments Limited - Designated member

Timeblock Investments Limited - Designated member

1.	STATUTORY INFORMATION

Timeboard Investments 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Timeboard Investments LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP is exempt under Section 399 (2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 from the requirement to prepare consolidated financial statements.

Turnover

Income comprises rent receivable from investment properties net of value added tax and is recognised on an accruals basis. Benefits provided to lessees in the form of rent free periods and capital contributions are treated as a reduction in the overall return on the lease and are recognised on a straight line basis over the full term of the lease.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% Straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less permanent impairment.

Investment property

Initial measurement

Investment properties are initially measured at cost.

Subsequent measurement

Investment properties are measured at fair value at each reporting date with changes in fair values recognised in profit or loss. No depreciation is provided in respect of investment properties.

Disposals

Investment property disposals are recognised on completion. The profit / loss on disposal is determined as the difference between the net sales proceeds and the carrying amount of the asset at the commencement of accounting period plus capital expenditure in the period.

3.	EMPLOYEE INFORMATION

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

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

75,921

DEPRECIATION

At 1 April 2024

37,960

Charge for year

18,980

At 31 March 2025

56,940

NET BOOK VALUE

At 31 March 2025

18,981

At 31 March 2024

37,961

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

14,008,210

NET BOOK VALUE

At 31 March 2025

14,008,210

At 31 March 2024

14,008,210

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

14,008,210

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

11,173,274

The investment properties were valued on an open market basis on 31 March 2025 by the members .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

27,306

4,333

Other debtors

128,995

132,720

Prepayments & accrued income

64,549

66,295

220,850

203,348

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Value added tax

28,324

23,190

Other creditors

19,287

15,178

Accruals & deferred income

148,314

148,117

195,925

186,485

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Other loans 2-5 years

7,760,000

9,100,000

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with other unsecured creditors in the event of a winding up of the LLP. There are no restrictions on the ability of the members to reduce the amount of Members’ other interests.