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Registered number: OC432852
Yellow Jersey Property Investments LLP
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 31 March 2025
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Yellow Jersey Property Investments LLP
Accountants' Report to the Members on the preparation of the Unaudited Statutory Financial Statements of Yellow Jersey Property Investments LLP for the Year Ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnership (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), we have prepared for your approval the financial statements of Yellow Jersey Property Investments LLP for the year ended 31 March 2025 which comprise the Balance Sheet, the Statement of Changes in Equity and the related notes 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 https://www.icaew.com /regulation.
This report is made solely to the members in accordance with the terms of our engagement letter dated 4 November 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Yellow Jersey Property Investments LLP and state those matters that we have agreed to state to the Yellow Jersey Property Investments LLP's members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yellow Jersey Property Investments LLP and its members for our work or for this report.
It is your duty to ensure that Yellow Jersey Property Investments 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 loss of Yellow Jersey Property Investments LLP. You consider that Yellow Jersey Property Investments LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Yellow Jersey Property Investments 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.
Kreston Reeves LLP
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
3 December 2025
Page 1
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Yellow Jersey Property Investments LLP
Registered number: OC432852
Balance Sheet
As at 31 March 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Loans and other debts due to members within one year
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Members' capital classified as equity
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Loans and other debts due to members
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Page 2
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Yellow Jersey Property Investments LLP
Registered number: OC432852
Balance Sheet (continued)
As at 31 March 2025
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.
The entity 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.
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.
The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.
The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
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P J Butler
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The notes on pages 5 to 8 form part of these financial statements.
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Yellow Jersey Property Investments LLP
Statement of Changes in Equity
For the Year Ended 31 March 2025
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Members capital (classified as equity)
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Comprehensive income for the year
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Profit for year for discretionary division among members
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Total comprehensive income for the year
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Comprehensive income for the year
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Loss for year for discretionary division among members
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Total comprehensive income for the year
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The notes on pages 5 to 8 form part of these financial statements.
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Page 4
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Yellow Jersey Property Investments LLP
Notes to the Financial Statements
For the Year Ended 31 March 2025
Yellow Jersey Property Investments LLP is a limited liability partnership incorporated in England & Wales.
The address of the registered office is Lincoln House, Chichester Fields Business Park, Tangmere, West Sussex, United Kingdom, PO20 2FS.
The accounts are prepared in sterling and are rounded to the nearest £1.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", effective for periods commencing on or after 1 January 2022. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Having reviewed the financial statements available to the LLP together with the expected ongoing demand and the future projected cash flows, the members have a reasonable expectation that the LLP has adequate resources to continue its activities for the foreseeable future. The members have considered the level of funds held and the expected level of income and expenditure for a period of twelve months from finalisation of these financial statements. They have concluded that it is appropriate to continue to adopt the going concern basis in preparing the financial statements as outlined in the Members' Responsibilities' statement.
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Division and distribution of profits
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A 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 the Statement of Profit and Loss Account.
In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.
Investments in unlisted LLP shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
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Yellow Jersey Property Investments LLP
Notes to the Financial Statements
For the Year Ended 31 March 2025
2.Accounting policies (continued)
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The entity has no employees.
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The taxable gains and losses of a limited liability partnership are assessable directly upon the partners.
Accordingly, no provision has been made for such taxes in these financial statements.
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Loan capital in participating interest
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Page 6
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Yellow Jersey Property Investments LLP
Notes to the Financial Statements
For the Year Ended 31 March 2025
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Amounts owed by participating interest
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Loans and other debts due to members
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Other amounts due to members
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Loans and other debts due to members may be further analysed as follows:
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Falling due within one year
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Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
Page 7
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Yellow Jersey Property Investments LLP
Notes to the Financial Statements
For the Year Ended 31 March 2025
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Reconciliation of members' interests
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Equity
Members' other interests
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Debt
Loans and other debts due to members less any amounts due from members in debtors
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Members' capital (classified as equity)
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Loss for the year available for discretionary division among members
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Members' interests after loss for the year
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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.
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There is no ultimate controlling party. The members control the LLP.
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