Company No: OC383883 (England and Wales)

Contents

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

DESIGNATED MEMBERS	B C Patel
	V C Patel

MEMBER

Jedkiss Limited

REGISTERED OFFICE	Monarch House
	Miles Gray Road
	Basildon
	SS14 3RW
	United Kingdom

REGISTERED NUMBER

OC383883 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2025		2024
		£		£
Fixed assets
Investment property	4	25,500,000		25,500,000
		25,500,000		25,500,000
Current assets
Debtors	5	1,297,729		1,193,572
Cash at bank and in hand		137,672		2,414,319
		1,435,401		3,607,891
Creditors: amounts falling due within one year	6	( 4,474,060)		( 6,824,792)
Net current liabilities		(3,038,659)		(3,216,901)
Total assets less current liabilities		22,461,341		22,283,099
Net assets attributable to members		22,461,341		22,283,099
Represented by
Loans and other debts due to members within one year
Other amounts		12,172,039		11,993,797
		12,172,039		11,993,797
Members' other interests
Members' capital classified as equity		200		200
Revaluation reserve		10,289,102		10,289,102
		10,289,302		10,289,302
		22,461,341		22,283,099
Total members' interests
Loans and other debts due to members		12,172,039		11,993,797
Members' other interests		10,289,302		10,289,302
		22,461,341		22,283,099

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 London Heights Property LLP (registered number: OC383883) were approved and authorised for issue by the Board of Directors on 24 December 2025. They were signed on its behalf by:

B C Patel Designated member

V C Patel 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
	Members' capital (classified as equity)	Revaluation reserves	Equity reserves	Other reserves	Total	Other amounts	Total
	£	£	£	£	£	£	£
Amounts due to members						11,898,071
Balance at 01 April 2023	200	10,729,102	0	0	10,729,302	11,898,071	22,627,373
Loss for the financial year available for discretionary division among members	0	0	0	(344,274)	(344,274)	0	(344,274)
Members' interest after loss for the financial year	200	10,729,102	0	(344,274)	10,385,028	11,898,071	22,283,099
Revaluation of properties	0	(440,000)	0	440,000	0	0	0
Allocation of profit for financial year	0	0	0	(95,726)	(95,726)	95,726	0
Amounts due to members						11,993,797
Balance at 31 March 2024	200	10,289,102	0	0	10,289,302	11,993,797	22,283,099
Profit for the financial year available for discretionary division among members	0	0	0	180,242	180,242	0	180,242
Members' interest after profit for the financial year	200	10,289,102	0	180,242	10,469,544	11,993,797	22,463,341
Drawings	0	0	0	0	0	(2,000)	(2,000)
Allocation of profit for financial year	0	0	0	(180,242)	(180,242)	180,242	0
Amounts due to members						12,172,039
Balance at 31 March 2025	200	10,289,102	0	0	10,289,302	12,172,039	22,461,341

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

London Heights Property 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 Monarch House, Miles Gray Road, Basildon, SS14 3RW, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of London Heights Property LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the LLP operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The members have made an assessment in preparing these financial statements as to whether the LLP is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

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 is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account settlement discounts.

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:

Plant and machinery etc.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the LLP are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the LLP.

Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	2		2

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	22,228		22,228
Disposals	( 22,228)		( 22,228)
At 31 March 2025	0		0
Accumulated depreciation
At 01 April 2024	22,228		22,228
Disposals	( 22,228)		( 22,228)
At 31 March 2025	0		0
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	25,500,000
As at 31 March 2025	25,500,000

Valuation

The fair value of the LLP’s investment property has been arrived at on the basis of valuations carried out on that date by the members of the business. In carrying out their review, the members have made assumptions in relation to rental yields and estimated future achievable rents.

5. Debtors

	2025		2024
	£		£
Trade debtors	739,997		611,985
Other debtors	557,732		581,587
	1,297,729		1,193,572

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	0		2,880,000
Trade creditors	212,637		167,888
Other taxation and social security	0		541,509
Other creditors	4,261,423		3,235,395
	4,474,060		6,824,792

7. Related party transactions

Other related party transactions

	2025		2024
	£		£
Amounts owed to connected entities	1,100,000		0

Included within other creditors is a loan that is repayable on demand. This loan is not interest bearing interest free and is unsecured.