| YBA INVESTMENTS LLP |
| Registered number: |
OC429083 |
| Balance Sheet |
| as at 31 March 2025 |
| Notes |
|
2025 |
|
2024 |
| £ |
£ |
| Fixed assets |
| Investment Property |
3 |
|
1,373,000 |
|
1,373,000 |
|
|
|
1,373,000 |
|
1,373,000 |
| Current assets |
|
|
|
|
|
| Debtors |
4 |
|
9,640 |
|
- |
| Cash at bank and in hand |
|
|
5,259 |
|
17,891 |
|
|
|
14,899 |
|
17,891 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,769) |
|
(2,425) |
|
| Net current assets |
|
|
13,130 |
|
15,466 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
1,386,130 |
|
1,388,466 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
(570,933) |
|
(590,997) |
|
| Net assets attributable to members |
815,197 |
|
797,469 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
|
|
- |
|
- |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
660,702 |
|
674,090 |
| Other reserves |
|
|
154,495 |
|
123,379 |
|
|
|
815,197 |
|
797,469 |
|
|
|
|
|
|
|
|
|
815,197 |
|
797,469 |
|
|
|
|
|
|
| Total members' interests |
| Members' other interests |
|
|
815,197 |
|
797,469 |
|
|
|
|
815,197 |
|
797,469 |
|
|
|
|
|
|
| For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 23 December 2025 and signed on their behalf by: |
|
|
| Mr B Mahmood |
| Designated member |
|
| YBA INVESTMENTS LLP |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rental of property. Turnover from the rental of property is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Division of profits |
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Investment Property |
|
Investment property is included at fair value. Gains are recognised in the Income statement. Deferred taxation is not provided on these gains as the tax would be payable by each member as opposed to the LLP. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Investment Property |
|
Total |
| £ |
£ |
|
Cost or valuation |
|
At 1 April 2024 |
1,373,000 |
|
1,373,000 |
|
Additions |
- |
|
- |
|
Revaluation |
- |
|
- |
|
Disposals |
- |
|
- |
|
At 31 March 2025 |
1,373,000 |
|
1,373,000 |
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
- |
|
- |
|
Charge for the year |
- |
|
- |
|
Revaluation |
- |
|
- |
|
On disposals |
- |
|
- |
|
At 31 March 2025 |
- |
|
- |
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
1,373,000 |
|
1,373,000 |
|
At 31 March 2024 |
1,373,000 |
|
1,373,000 |
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
1,373,000 |
|
1,373,000 |
|
|
|
|
|
|
1,373,000 |
|
1,373,000 |
|
|
|
|
|
|
|
|
|
|
The members of the LLP are in the opinion that there has not been an increase in the fair value of the investment properties during the period (2024 £Nil). This opinion was ascertained based on similar properties in the locality and reviews conducted on an open market valuation of a freehold basis. |
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
7,033 |
|
- |
|
Other debtors |
2,607 |
|
- |
|
|
|
|
|
|
9,640 |
|
- |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
1,769 |
|
2,425 |
|
|
|
|
|
|
1,769 |
|
2,425 |
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
570,933 |
|
590,997 |
|
|
|
|
|
|
570,933 |
|
590,997 |
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
570,933 |
|
590,997 |
|
|
|
|
|
|
570,933 |
|
590,997 |
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
570,933 |
|
590,997 |
|
|
|
|
|
|
|
|
|
|
Security is given against the freehold interest in the investment properties held by the entity. |
|
| 8 |
Other information |
|
|
YBA INVESTMENTS LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
9 Parkway |
|
Ilford |
|
London |
|
IG3 9HS |