REGISTERED NUMBER: OC372246 (England and Wales)

REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

MAYSOR LLP

Page

General Information

1

Report of the Members

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Reconciliation of Members' Interests

7

Notes to the Financial Statements

9

DESIGNATED MEMBERS:

Nabeel Y Soroya

Ms Shahila Soroya

REGISTERED OFFICE:

505 Pinner Road

Harrow

Middlesex

HA2 6EH

REGISTERED NUMBER:

OC372246 (England and Wales)

ACCOUNTANTS:

STGCA LLP t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The members present their report with the financial statements of the LLP for the year ended 28 February 2025.

CESSATION OF TRADING

The LLP ceased trading on 28 February 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of investment of properties and rental income.

DESIGNATED MEMBERS

The designated members during the year under review were:

Nabeel Y Soroya

Ms Shahila Soroya

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £NIL (2024 - £7,075 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Nabeel Y Soroya - Designated member

11 June 2026

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Maysor LLP for the year ended 28 February 2025 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Maysor LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Maysor LLP and state those matters that we have agreed to state to the members of Maysor LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maysor LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Maysor LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Maysor LLP. You consider that Maysor LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Maysor LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

STGCA LLP t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

11 June 2026

TURNOVER

-

289,430

Administrative expenses

-

(86,788

)

OPERATING PROFIT

-

202,642

Interest payable and similar expenses

-

(195,567

)

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

-

7,075

FIXED ASSETS

Investment property

4

-

7,465,000

CURRENT ASSETS

Cash at bank and in hand

-

7,072

CREDITORS

Amounts falling due within one year

5

-

(1,371,826

)

NET CURRENT LIABILITIES

-

(1,364,754

)

TOTAL ASSETS LESS CURRENT LIABILITIES

-

6,100,246

CREDITORS

Amounts falling due after more than one year

6

-

(2,533,524

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

3,566,722

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

-

166,722

MEMBERS' OTHER INTERESTS

Fair value reserve

8

-

3,400,000

-

3,566,722

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

-

166,722

Members' other interests

-

3,400,000

-

3,566,722

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 28 February 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 11 June 2026 and were signed by:

Nabeel Y Soroya - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

166,722

Amount due from members

-

Balance at 1 March 2024

3,400,000

166,722

3,566,722

Profit for the financial year available for discretionary division among members

-

-

-

Members' interests after profit for the year

3,400,000

166,722

3,566,722

Fair value transfer

(3,400,000

)

-

(3,400,000

)

Drawings on account and distributions of profit

-

(166,722

)

(166,722

)

Amount due to members

-

Amount due from members

-

Balance at 28 February 2025

-

-

-

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

171,361

Amount due from members

-

Balance at 1 March 2023

3,400,000

171,361

3,571,361

Profit for the financial year available for discretionary division among members

7,075

-

7,075

Members' interests after profit for the year

3,407,075

171,361

3,578,436

Other divisions of profit

(7,075

)

7,075

-

Drawings on account and distributions of profit

-

(11,714

)

(11,714

)

Amount due to members

166,722

Amount due from members

-

Balance at 29 February 2024

3,400,000

166,722

3,566,722

1.	STATUTORY INFORMATION

Maysor 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

Turnover represents rent receivable.

Investment property

Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Under previous UK GAAP, investment property was valued on an open market basis.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - 1 ).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

7,465,000

Reclassification/transfer

(7,465,000

)

At 28 February 2025

-

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

7,465,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

386,127

Social security and other taxes

-

2,210

VAT

-

135,831

Other creditors

-

730,984

Accruals and deferred income

-

112,974

Accrued expenses

-

3,700

-

1,371,826

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yr by instal

-

2,533,524

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,533,524

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

-

166,722

Falling due within one year

-

166,722

8.

RESERVES

Fair value

reserve

£

At 1 March 2024

3,400,000

Fair value transfer

(3,400,000

)

At 28 February 2025

-