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REGISTERED NUMBER: OC401839

REGENTS ESTATE (LONDON) LLP

Filleted Unaudited Financial Statements

31 March 2025

REGENTS ESTATE (LONDON) LLP

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Investments | 4 | 35,000 | 35,000

Current assets

Debtors | 5 | 1,845,883 | 1,863,620
Cash at bank and in hand | 2,142 | 3
| ------------ | ------------
| 1,848,025 | 1,863,623

Creditors: amounts falling due within one year | 6 | 1,305,347 | 1,361,316
| ------------ | ------------
Net current assets | 542,678 | 502,307
| --------- | ---------
Total assets less current liabilities | 577,678 | 537,307

Creditors: amounts falling due after more than one year | 7 | 16,514 | 26,612
| --------- | ---------
Net assets | 561,164 | 510,695
| --------- | ---------

Represented by:
Loans and other debts due to members

Other amounts | 8 | 561,164 | 510,695
| --------- | ---------

Members' other interests

Other reserves | – | –
| --------- | ---------
| 561,164 | 510,695
| --------- | ---------

Total members' interests

Loans and other debts due to members | 8 | 561,164 | 510,695
Members' other interests | – | –
| --------- | ---------
| 561,164 | 510,695
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of income and retained earnings has not been delivered.
For the 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) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

REGENTS ESTATE (LONDON) LLP

Statement of Financial Position (continued)

31 March 2025
These financial statements were approved by the members and authorised for issue on 13 January 2026 , and are signed on their behalf by:

Vandana Sehgal
Designated Member

Registered number: OC401839

REGENTS ESTATE (LONDON) LLP

Notes to the Financial Statements

Year ended 31 March 2025

1. | General information

The LLP is registered in England and Wales. The address of the registered office is 63 Dennis Lane, Stanmore, England, HA7 4JU.

2. | Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3. | Accounting policies

Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of income and retained earnings in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of income and retained earnings and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of income and retained earnings within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.

4. | Investments

| Other investments other than loans
| £
Cost |
At 1 April 2024 and 31 March 2025 | 35,000
| --------
Impairment |
At 1 April 2024 and 31 March 2025 | –
| --------

Carrying amount |
At 31 March 2025 | 35,000
| --------
At 31 March 2024 | 35,000
| --------

5. | Debtors

| 2025 | 2024
| £ | £
Trade debtors | 23,647 | –
Amounts owed by group undertakings and undertakings in which the LLP has a participating interest | 1,822,236 | 1,863,620
| ------------ | ------------
| 1,845,883 | 1,863,620
| ------------ | ------------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 7
Trade creditors | 3,337 | 6,286
Social security and other taxes | 91 | 4,814
Other borrowings | 1,301,164 | 1,349,530
Other creditors | 755 | 79
Other creditors | – | 600
| ------------ | ------------
| 1,305,347 | 1,361,316
| ------------ | ------------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 16,514 | 26,612
| -------- | --------

8. | Loans and other debts due to members

| 2025 | 2024
| £ | £
Amounts owed to members in respect of profits | 561,164 | 510,695
| --------- | ---------

9. | Related party transactions

C B Retail Ltd holds 99% of membership in Regent Estate (London) LLP. C B Retail Ltd holds 100% Shareholding in the CBR SPV Ltd. This Company owes Regent Estate (London) LLP £204,962 (2023:- 756,481) at the year end. C B Retail Ltd holds 98% membership in Savoy Projects LLP. This Partnership owes Regent Estate (London) £1,658,658 (2023:- 1,456,481)at the year end.