Lewis Yorke-Johnson Investments LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC414623

LEWIS YORKE-JOHNSON INVESTMENTS LLP

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

LEWIS YORKE-JOHNSON INVESTMENTS LLP

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		1,196,175	1,196,175

Current assets

Debtors	5	4,652	3,941
Cash at bank and in hand		2,501	2,501
		-------	-------
		7,153	6,442

Creditors: amounts falling due within one year	6	2,800		1,900
		-------		-------
Net current assets			4,353	4,542
			-------------	-------------
Total assets less current liabilities			1,200,528	1,200,717

Creditors: amounts falling due after more than one year	7	987,399	987,399
		-------------	-------------
Net assets		213,129	213,318
		-------------	-------------

Represented by:

Loans and other debts due to members

Other amounts	8		–	189

Members' other interests

Members' capital classified as equity	213,129	213,129
Other reserves	–	–
	----------	----------
	213,129	213,318
	----------	----------

Total members' interests

Amounts due from members		(3,719)	(3,008)
Loans and other debts due to members	8	–	189
Members' other interests		213,129	213,129
		----------	----------
		209,410	210,310
		----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

LEWIS YORKE-JOHNSON INVESTMENTS LLP

STATEMENT OF FINANCIAL POSITION (continued)

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) relating to small LLPs.

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 financial statements .

These financial statements were approved by the members and authorised for issue on 23 December 2025 , and are signed on their behalf by:

Mr L Yorke-Johnson

Designated Member

Registered number: OC414623

LEWIS YORKE-JOHNSON INVESTMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is First Floor South, Haversham House, 18-22 Boundary Road, Hove, East Sussex, BN3 4EF.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Going concern

No material uncertainties that may cast significant doubt about the ability of the LLP to continue as a going concern have been identified by the members.

Revenue recognition

Turnover represents proceeds from property rental income receivable.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the income statement and are equity appropriations in the Statement of financial position.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4.	Tangible assets

	Freehold property	Long leasehold property	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	943,675	252,500	1,196,175
	----------	----------	-------------
Depreciation
At 1 April 2024 and 31 March 2025	–	–	–
	----------	----------	-------------
Carrying amount
At 31 March 2025	943,675	252,500	1,196,175
	----------	----------	-------------
At 31 March 2024	943,675	252,500	1,196,175
	----------	----------	-------------

Land and buildings within freehold property are investment properties.

5.	Debtors

	2025	2024
	£	£
Other debtors	4,652	3,941
	-------	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	2,800	1,900
	-------	-------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	987,399	987,399
	----------	----------

The amounts included within bank loans and overdraft are long term finance mortgages secured against the properties held within fixed assets. The finance mortgages are interest only mortgages.

8.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	–	189
	----	----