REGISTERED NUMBER: OC415073 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

UNIVERSAL HOUSE WENTWORTH STREET LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

G Mandhra

Mrs M Mandhra

REGISTERED OFFICE:

Universal House

88-94 Wentworth Street

London

E1 7SA

REGISTERED NUMBER:

OC415073 (England and Wales)

ACCOUNTANTS:

Y P Associates

Chartered Certified Accountants

6 The Fairway

Wembley

Middlesex

HA0 3LH

FIXED ASSETS

Tangible assets

4

107,530

649

Investment property

5

24,500,000

21,300,000

24,607,530

21,300,649

CURRENT ASSETS

Cash at bank

78,428

180,252

CREDITORS

Amounts falling due within one year

6

127,514

324,338

NET CURRENT LIABILITIES

(49,086

)

(144,086

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,558,444

21,156,563

CREDITORS

Amounts falling due after more than one year

7

72,490

265,106

NET ASSETS ATTRIBUTABLE TO MEMBERS

24,485,954

20,891,457

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

2,058,539

1,664,042

MEMBERS' OTHER INTERESTS

Capital accounts

22,427,415

19,227,415

24,485,954

20,891,457

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

2,058,539

1,664,042

Members' other interests

22,427,415

19,227,415

24,485,954

20,891,457

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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 29 August 2025 and were signed by:

G Mandhra - Designated member

1.	STATUTORY INFORMATION

UNIVERSAL HOUSE WENTWORTH STREET 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents invoiced rent receivable net of value added tax..

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Members' participating interests

Members' participation rights in the earnings or assets of the LLP are analysed between those that are , from the LLP's perfective,either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights include amounts subscribed or otherwise contributed by members, for example members' capital , are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within ' Loans and other debts due to members' and where such an amount relates to current year profits, they are recognised within ' Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within ' Members other interests'. Amounts recoverable from members are presented as debtor and shown as amounts due from members within members' interest.

Once an unavoidable obligation has need created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ' Loans and other debt due to members' to the extent they exceed debts due from a specific member.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

949

Additions

107,321

At 31 March 2025

108,270

DEPRECIATION

At 1 April 2024

300

Charge for year

440

At 31 March 2025

740

NET BOOK VALUE

At 31 March 2025

107,530

At 31 March 2024

649

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

106,360

At 31 March 2025

106,360

NET BOOK VALUE

At 31 March 2025

106,360

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

21,300,000

Revaluations

3,200,000

At 31 March 2025

24,500,000

NET BOOK VALUE

At 31 March 2025

24,500,000

At 31 March 2024

21,300,000

The investment property was professional valued by Tran & Tarn , property agents recently and in the opinion of members the fair value was similar at the year ended.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

60,000

Hire purchase contracts

7,510

-

Trade creditors

8,799

-

Taxation and social security

370

408

Other creditors

110,835

263,930

127,514

324,338

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

265,106

Hire purchase contracts

72,490

-

72,490

265,106

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

in the event of winding up the amounts included in '' Loans and other debts due to members'' will rank equally with unsecured creditors.