REGISTERED NUMBER: OC444062 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Khan Investments Partnership LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J Khan

Mrs T J Khan

Porterhouse Residential Limited

REGISTERED OFFICE:

4 Wadlands Rise

Farsley

Pudsey

Leeds

West Yorkshire

LS28 5JF

REGISTERED NUMBER:

OC444062 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Suite 4, 10/12 The Grove,

Ilkley

West Yorkshire

LS29 9EG

Fixed assets

Tangible assets

4

2,535,483

3,605,000

Current assets

Debtors

5

715

605

Creditors

Amounts falling due within one year

6

(8,462

)

(8,341

)

Net current liabilities

(7,747

)

(7,736

)

Total assets less current liabilities

2,527,736

3,597,264

Creditors

Amounts falling due after more than one year

7

(1,488,290

)

(1,866,908

)

Net assets attributable to members

1,039,446

1,730,356

Loans and other debts due to members

10

1,039,446

1,730,356

Total members' interests

Loans and other debts due to members

10

1,039,446

1,730,356

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 22 December 2025 and were signed by:

J Khan - Designated member

1.	STATUTORY INFORMATION

Khan Investments Partnership LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Freehold

Computer

property

equipment

Totals

£

£

£

COST

At 1 April 2024

3,605,000

-

3,605,000

Additions

-

600

600

Disposals

(1,070,000

)

-

(1,070,000

)

At 31 March 2025

2,535,000

600

2,535,600

DEPRECIATION

Charge for year

-

117

117

At 31 March 2025

-

117

117

NET BOOK VALUE

At 31 March 2025

2,535,000

483

2,535,483

At 31 March 2024

3,605,000

-

3,605,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments

715

605

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

6,806

6,806

Accrued expenses

1,656

1,535

8,462

8,341

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

18,955

25,046

Other creditors

1,469,335

1,841,862

1,488,290

1,866,908

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

6,806

6,806

Amounts falling due between one and two years:

Bank loans - 1-2 years

6,806

6,806

Amounts falling due between two and five years:

Bank loans

12,149

18,240

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgage

1,469,335

1,841,862

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.