International House (Paye Group) LLP

REGISTERED NUMBER: OC442225 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

International House (Paye Group) LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Reconciliation of Members' Interests

6

Notes to the Financial Statements

8

DESIGNATED MEMBERS:

M C Paye

B Paye

REGISTERED OFFICE:

Retreat House

London Road

Polhill, Sevenoaks

Kent

TN14 7AA

REGISTERED NUMBER:

OC442225 (England and Wales)

ACCOUNTANTS:

Bourne & Co

Chartered Accountants

6 Lichfield Street

Burton-on-Trent

Staffordshire

DE14 3RD

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, development, letting and management.

DESIGNATED MEMBERS

The designated members during the year under review were:

M C Paye

B Paye

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £29,313 (2024 - £716,307 loss).

MEMBERS' INTERESTS

The members' subscriptions and any further capital required, may be provided or repaid, in the form of cash and or asset contributions as and when the members may decide in the proportions subscribed.

The profits and losses of the LLP, including profits and losses of a capital nature, shall be shared between the members as decided from time to time by the members.

Each member may receive drawings from the LLP on account of their entitlement to profits in such amounts as shall be determined by the members.

ON BEHALF OF THE MEMBERS:

M C Paye - Designated member

16 December 2025

TURNOVER

442,345

347,114

Cost of sales

2,796

2,196

GROSS PROFIT

439,549

344,918

Administrative expenses

307,486

1,256,707

132,063

(911,789

)

Other operating income

-

250,000

OPERATING PROFIT/(LOSS)

4

132,063

(661,789

)

Interest receivable and similar income

505

446

132,568

(661,343

)

Interest payable and similar expenses

161,881

54,964

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

(29,313

)

(716,307

)

FIXED ASSETS

Tangible assets

5

152,562

137,939

Investment property

6

4,667,020

4,519,570

4,819,582

4,657,509

CURRENT ASSETS

Debtors

7

1,214,339

1,253,162

Cash at bank

95,641

153,551

1,309,980

1,406,713

CREDITORS

Amounts falling due within one year

8

207,046

235,206

NET CURRENT ASSETS

1,102,934

1,171,507

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,922,516

5,829,016

CREDITORS

Amounts falling due after more than
one year

9

2,250,000

1,500,000

NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,672,516

4,329,016

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

3,662,516

4,319,016

MEMBERS' OTHER INTERESTS

Capital accounts

10,000

3,672,516

4,329,016

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

3,662,516

4,319,016

Members' other interests

10,000

Amounts due from members

7

(1,131,106

)

(1,101,793

)

2,541,410

3,227,223

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 16 December 2025 and were signed by:

M C Paye - Designated member

EQUITY

Members' other interests

Members'

capital

(classified

as

Other

equity)

reserves

Total

£

Balance at 1 April 2024

10,000

-

10,000

Loss for the financial year available for
discretionary division among members

-

(29,313

)

(29,313

)

Members' interests after loss for the year

10,000

(29,313

)

(19,313

)

Other divisions of loss

-

29,313

Introduced by members

-

Repayments of debt (including members'
capital classified as a liability)

-

Balance at 31 March 2025

10,000

-

10,000

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

Amount due to members

4,319,016

Amount due from members

(1,101,793

)

Balance at 1 April 2024

3,217,223

3,227,223

Loss for the financial year available for
discretionary division among members

-

(29,313

)

Members' interests after loss for the year

3,217,223

3,197,910

Other divisions of loss

(29,313

)

-

Introduced by members

33,500

Repayments of debt (including members'
capital classified as a liability)

(690,000

)

(690,000

)

Amount due to members

3,662,516

Amount due from members

(1,131,106

)

Balance at 31 March 2025

2,531,410

2,541,410

EQUITY

Members' other interests

Members'

capital

(classified

as

Other

equity)

reserves

Total

£

Balance at 1 April 2023

10,000

-

10,000

Loss for the financial year available for
discretionary division among members

-

(716,307

)

(716,307

)

Members' interests after loss for the year

10,000

(716,307

)

(706,307

)

Other divisions of loss

-

716,307

Introduced by members

-

Balance at 31 March 2024

10,000

-

10,000

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

Amount due to members

4,214,334

Amount due from members

(385,486

)

Balance at 1 April 2023

3,828,848

3,838,848

Loss for the financial year available for
discretionary division among members

-

(716,307

)

Members' interests after loss for the year

3,828,848

3,122,541

Other divisions of loss

(716,307

)

-

Introduced by members

104,682

Amount due to members

4,319,016

Amount due from members

(1,101,793

)

Balance at 31 March 2024

3,217,223

3,227,223

1.	STATUTORY INFORMATION

International House (Paye Group) 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.

The members have considered the current trading figures along with forecasts. The LLP is expected to be profitable and to generate positive cash flows in future financial years.

With the support of the members, the members are satisfied that the company will continue as a going concern and as such these financial statements are prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

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.

Debtors

Short term debtors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

Creditors

Short term creditors are measured at transaction price.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2024 - 8 ) .

4.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

31.3.25

31.3.24

£

Depreciation - owned assets

33,369

9,924

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

148,198

Additions

47,992

At 31 March 2025

196,190

DEPRECIATION

At 1 April 2024

10,259

Charge for year

33,369

At 31 March 2025

43,628

NET BOOK VALUE

At 31 March 2025

152,562

At 31 March 2024

137,939

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

4,519,570

Additions

147,450

At 31 March 2025

4,667,020

NET BOOK VALUE

At 31 March 2025

4,667,020

At 31 March 2024

4,519,570

The investment property's value was considered by the members on 31st March 2023 using an open market basis. At that point in time the value was considered to be in line with the cost value so no revaluation has taken place.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

70,505

21,268

Other debtors

1,143,834

1,231,894

1,214,339

1,253,162

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

48,829

89,222

Taxation and social security

2,168

-

Other creditors

156,049

145,984

207,046

235,206

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans

2,250,000

1,500,000

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, the loans and debts due to members have no priority over other creditors.