Company No: OC363591 (England and Wales)

Contents

• Limited Liability Partnership Information
• Accountants' Report
• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

Designated members	Devon A Brown
	David A Brown
	Carole J Hayward

Registered office	20 Richmond Drive
	Herne Bay
	Kent
	CT6 6RT
	United Kingdom

Registered number

OC363591 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor, Maritime Place
	Quayside
	Chatham Maritime
	Chatham
	Kent
	ME4 4QZ

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to Limited Liability Partnerships, we have prepared for your approval the financial statements of Quba Properties LLP for the financial year ended 31 March 2025 which comprise the Balance Sheet, the Reconciliation of Members' Interests and the related notes 1 to 5 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 at www.icaew.com/regulation.

It is your duty to ensure that Quba 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 Quba Properties LLP. You consider that Quba Properties LLP is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Quba 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.

This report is made solely to the members of Quba Properties LLP, as a body, in accordance with the terms of our engagement letter dated 13 April 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Quba Properties LLP and state those matters that we have agreed to state to members of Quba Properties LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quba Properties LLP and its members as a body for our work or for this report.

Kreston Reeves LLP

2nd Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ

19 December 2025

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	2	32,239		34,752
		32,239		34,752
Current assets
Debtors	3	1,178		3,723
Cash at bank and in hand	4	15,147		51,179
		16,325		54,902
Creditors: amounts falling due within one year	5	( 7,480)		( 11,837)
Net current assets		8,845		43,065
Total assets less current liabilities		41,084		77,817
Net assets attributable to members		41,084		77,817
Represented by
Loans and other debts due to members within one year
Other amounts		33,918		22,214
		33,918		22,214
Members' other interests
Other reserves		7,166		55,603
		7,166		55,603
		41,084		77,817
Total members' interests
Amounts due from members (included in debtors)		0		(2,599)
Loans and other debts due to members		33,918		22,214
Members' other interests		7,166		55,603
		41,084		75,218

For the financial 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.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Quba Properties LLP (registered number: OC363591) were approved and authorised for issue by the Board of Directors on 19 December 2025. They were signed on its behalf by:

Devon A Brown Designated member

	EQUITY Members' other interests	DEBT Loans and other debts due to members less any amounts due from members in debtors	Total members' interests
	Other reserves	Other amounts	Total
	£	£	£
Amounts due to members		13,897
Amounts due from members		(13,109)
Balance at 01 April 2023	37,827	788	38,615
Profit for the financial year available for discretionary division among members	55,603	0	55,603
Members' interest after profit for the financial year	93,430	788	94,218
Drawings	0	(19,000)	(19,000)
Other division of profits	(37,827)	37,827	0
Amounts due to members		22,214
Amounts due from members		(2,599)
Balance at 31 March 2024	55,603	19,615	75,218
Profit for the financial year available for discretionary division among members	7,166	0	7,166
Members' interest after profit for the financial year	62,769	19,615	82,384
Division of profit	(55,603)	55,603	0
Drawings	0	(41,300)	(41,300)
Amounts due to members		33,918
Balance at 31 March 2025	7,166	33,918	41,084

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Quba Properties LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 20 Richmond Drive, Herne Bay, Kent, CT6 6RT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the LLP and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	25 years straight line
Fixtures and fittings	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Division and distribution of profits

division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial
period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time,
whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	3		3

2. Tangible assets

	Leasehold improve- ments		Fixtures and fittings		Total
	£		£		£
Cost
At 01 April 2024	64,051		3,190		67,241
Additions	0		320		320
At 31 March 2025	64,051		3,510		67,561
Accumulated depreciation
At 01 April 2024	29,671		2,818		32,489
Charge for the financial year	2,562		271		2,833
At 31 March 2025	32,233		3,089		35,322
Net book value
At 31 March 2025	31,818		421		32,239
At 31 March 2024	34,380		372		34,752

3. Debtors

	2025		2024
	£		£
Amounts owed by members	0		2,599
Prepayments	1,178		1,124
	1,178		3,723

4. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	15,147		51,179

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Accruals	5,374		5,070
Other creditors	2,106		6,767
	7,480		11,837