Limited Liability Partnership registration number OC367082 (England and Wales)
EUROPE INCOMING PROPERTIES LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
EUROPE INCOMING PROPERTIES LLP
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
EUROPE INCOMING PROPERTIES LLP
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
650,000
650,000
Current assets
Debtors
5
7,658
11,944
Cash at bank and in hand
17,162
15,361
24,820
27,305
Creditors: amounts falling due within one year
6
(29,376)
(35,499)
Net current liabilities
(4,556)
(8,194)
Total assets less current liabilities
645,444
641,806
Creditors: amounts falling due after more than one year
7
-
(165,350)
Net assets attributable to members
645,444
476,456
Represented by:
Loans and other debts due to members more than one year
9
Other amounts
151,000
-
Members' other interests
9
Members' capital classified as equity
378,166
360,178
Other reserves classified as equity
116,278
116,278
645,444
476,456

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 30 September 2025 the limited liability partnership 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 limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

EUROPE INCOMING PROPERTIES LLP
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2025
30 September 2025
- 2 -
The financial statements were approved by the members and authorised for issue on 2 June 2026 and are signed on their behalf by:
02 June 2026
U Somia
Designated member
Limited Liability Partnership registration number OC367082 (England and Wales)
EUROPE INCOMING PROPERTIES LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Limited liability partnership information

Europe Incoming Properties LLP is a limited liability partnership incorporated in England and Wales. The registered office is 166 College Road, Harrow, Middlesex, HA1 1RA.

The limited liability partnerships's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for property rental services.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.4
Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention 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 measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

EUROPE INCOMING PROPERTIES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -
2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2025
2024
Number
Number
Total
0
0
3
Information in relation to members
2025
2024
Number
Number
Average number of members during the year
3
3
4
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
650,000

The investment property has been revalued, based on the members' valuations, to reflect their open market value as at the balance sheet date. The valuations were made by reference to market evidence of transaction prices for similar properties.

The historical cost of the properties included in the valuation above is £533,722.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
7,193
-
Other debtors
465
11,944
7,658
11,944
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
8,227
Trade creditors
653
678
Other creditors
28,723
26,594
29,376
35,499
EUROPE INCOMING PROPERTIES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
165,350

The bank loan was secured by way of a fixed and floating charge over the investment property of the LLP. The bank loan was fully paid within the year and the charge was fully satisfied.

8
Deferred income
2025
2024
£
£
Other deferred income
7,688
-
EUROPE INCOMING PROPERTIES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
9
Reconciliation of Members' Interests
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other reserves
Total
Other amounts
Total
Total
2025
£
£
£
£
£
£
Members' interests at 1 October 2024
360,178
116,278
476,456
-
-
476,456
Profit for the financial year available for discretionary division among members
-
16,428
16,428
-
-
16,428
Members' interests after profit for the year
360,178
132,706
492,884
-
-
492,884
Allocation of profit for the financial year
-
(16,428)
(16,428)
-
-
(16,428)
Other divisions of profits
16,428
-
16,428
-
-
16,428
Introduced by members
-
-
-
151,000
151,000
151,000
Other movements
1,560
-
1,560
-
-
1,560
Members' interests at 30 September 2025
378,166
116,278
494,444
151,000
151,000
645,444
EUROPE INCOMING PROPERTIES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
10
Related party transactions

During the period, the LLP charged rent of £30,750 (202 4: £30,750) to Europe Incoming Holdings Limited.

Included within other creditors is an amount of £12,000 (202 4: £12,494) due to Europe Incoming Holdings Limited as at the balance sheet date.

Included within trade debtor is an amount of £7,193 (202 4: £nil) due from Europe Incoming Holdings Limited as at the balance sheet date.

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