Cube London LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC320554 (England and Wales)

Financial Statements for the Year Ended 30 July 2025

for

Cube London LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr S Goldstone

Mr S Brody

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

OC320554 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Property, plant and equipment

4

11,876

13,972

Investment property

5

4,075,000

4,086,876

4,088,972

CURRENT ASSETS

Debtors

6

270,221

446,282

Cash at bank

127,653

77,102

397,874

523,384

CREDITORS

Amounts falling due within one year

7

235,126

163,004

NET CURRENT ASSETS

162,748

360,380

TOTAL ASSETS LESS CURRENT LIABILITIES

4,249,624

4,449,352

CREDITORS

Amounts falling due after more than one
year

8

1,901,023

1,954,437

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,348,601

2,494,915

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,033,122

1,179,436

MEMBERS' OTHER INTERESTS

Revaluation reserve

1,315,479

2,348,601

2,494,915

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

1,033,122

1,179,436

Members' other interests

1,315,479

2,348,601

2,494,915

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 30 July 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 1 April 2026 and were signed by:

Mr S Goldstone - Designated member

1.	STATUTORY INFORMATION

Cube London 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 as modified by the revaluation of certain assets.

Turnover

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

Turnover represents rents receivable excluding 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.

Fixtures and fittings

-

15% on reducing balance

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

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

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 31 July 2024

and 30 July 2025

37,047

DEPRECIATION

At 31 July 2024

23,075

Charge for year

2,096

At 30 July 2025

25,171

NET BOOK VALUE

At 30 July 2025

11,876

At 30 July 2024

13,972

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 July 2024

and 30 July 2025

4,075,000

NET BOOK VALUE

At 30 July 2025

4,075,000

At 30 July 2024

4,075,000

Fair value at 30 July 2025 is represented by:

£

Valuation in 2013

607,985

Valuation in 2016

1,009,656

Valuation in 2024

(302,161

)

Cost

2,759,520

4,075,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.7.25

30.7.24

£

Trade debtors

-

7,319

Amounts owed by associates

263,421

437,563

Other debtors

6,800

1,400

270,221

446,282

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.7.25

30.7.24

£

Bank loans and overdrafts

-

20,000

Trade creditors

125

3,692

Amounts owed to associates

120,949

124,124

Taxation and social security

13,452

10,188

Other creditors

100,600

5,000

235,126

163,004

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.7.25

30.7.24

£

Bank loans

1,900,000

1,820,000

Amounts owed to group undertakings

1,023

134,437

1,901,023

1,954,437

9.	SECURED DEBTS

The bank loan is secured on the company's investment property.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

30.7.25

30.7.24

£

Amounts owed to members in respect of profits

1,033,122

1,179,436

Falling due within one year

1,033,122

1,179,436

Loans and other debts due to members have no preferential rank in relation to other creditors.

11.	RELATED PARTY DISCLOSURES

The members Mr S Goldstone and Mr S Brody are deemed to be key management personnel.