| Treasure Shares Investment LLP |
| Members' Report |
|
| The members present their report and accounts for the year ended 31 December 2025. |
|
| Principal activities |
| The LLP's principal activity during the period was that of advisors on acquisition of real estate. All the Partnership's activities were outside the UK. |
|
| Designated members |
| The following persons served as designated members during the year: |
|
|
Quantor Trading Ltd |
|
Millward Investments Ltd |
|
| Policy with respect to members' drawings and subscription and repayment of members' capital |
| Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP. New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amount of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members. |
|
| This report was approved by the members on 28 April 2026 and signed on their behalf by: |
|
|
|
|
|
| S M Hubbard for Quantor Trading Ltd |
| Designated member |
|
| Treasure Shares Investment LLP |
| Registered number: |
OC360249 |
| Balance Sheet |
| as at 31 December 2025 |
| Notes |
|
2025 |
|
2024 |
| $ |
$ |
| Current assets |
|
|
|
|
|
| Debtors |
3 |
|
568,234 |
|
549,787 |
|
|
| Net current assets |
|
|
568,234 |
|
549,787 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
568,234 |
|
549,787 |
|
| Creditors: amounts falling due after more than one year |
4 |
|
(3,900,000) |
|
(3,900,000) |
|
|
| Net liabilities attributable to members |
(3,331,766) |
|
(3,350,213) |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
5 |
|
(3,331,766) |
|
(3,350,213) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(3,331,766) |
|
(3,350,213) |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
5 |
|
(3,331,766) |
|
(3,350,213) |
|
|
|
|
(3,331,766) |
|
(3,350,213) |
|
|
|
|
|
|
| For the year ended 31 December 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 28 April 2026 and signed on their behalf by: |
|
|
| S M Hubbard for Quantor Trading Ltd |
| Designated member |
|
| Treasure Shares Investment LLP |
| Reconciliation of Members' Interests |
| for the year ended 31 December 2025 |
| $ |
|
EQUITY |
DEBT |
TOTAL |
|
Members' other interests |
Loans and other debts due to members |
|
|
|
|
|
|
less any amounts due from members |
|
|
|
|
|
|
in debtors |
|
Members' capital (classified as equity) |
Revaluation reserve |
Other reserves |
Total |
|
Members' capital (classified as debt) |
Other amounts |
Total |
|
Total members' interests |
|
| Balance at 1 January 2025 |
- |
- |
- |
- |
|
- |
(3,350,213) |
(3,350,213) |
|
(3,350,213) |
| Profit for the financial year available for discretionary division among members |
|
|
18,447 |
18,447 |
|
|
|
|
|
18,447 |
|
| Members' interests after profit for the year |
- |
- |
18,447 |
18,447 |
|
- |
(3,350,213) |
(3,350,213) |
|
(3,331,766) |
|
| Other divisions of profits |
|
|
(18,447) |
(18,447) |
|
|
18,447 |
18,447 |
|
- |
|
| Balance at 31 December 2025 |
- |
- |
- |
- |
|
- |
(3,331,766) |
(3,331,766) |
|
(3,331,766) |
|
| Treasure Shares Investment LLP |
| Notes to the Accounts |
| for the year ended 31 December 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services 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. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account. |
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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. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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|
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. |
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|
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. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
- |
|
- |
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| $ |
$ |
|
|
Trade debtors |
20,000 |
|
20,000 |
|
Other debtors |
548,234 |
|
529,787 |
|
|
|
|
|
|
568,234 |
|
549,787 |
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| $ |
$ |
|
|
Other creditors |
3,900,000 |
|
3,900,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans and other debts due to members |
2025 |
|
2024 |
| $ |
$ |
|
|
Loans to/(from) members |
(2,066,488) |
|
(2,066,488) |
|
Amounts due to/(from) members in respect of profits |
(1,265,278) |
|
(1,283,725) |
|
|
|
|
|
|
(3,331,766) |
|
(3,350,213) |
|
|
|
|
|
|
|
|
|
|
Amounts falling due after more than one year |
(3,331,766) |
|
(3,350,213) |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
| 6 |
Controlling party |
|
|
There is no ultimate controlling party. |
|
| 7 |
Other information |
|
|
Treasure Shares Investment LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
3rd Floor |
|
207 Regent Street |
|
London |
|
W1B 3HH |
|