1.
General Information
The LLP is a limited liability partnership registered in England and Wales.
The address of its principal place of business is Suite B Ground Floor, 105 Piccadilly, London, United Kingdom,
W1J 7NJ
The functional and presentational currency of the LLP is the Pound Sterling.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships (2021)".
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies (see note 2.11).
The following principal accounting policies have been applied:
2.2.
Going Concern Disclosure
The members have considered the LLP's ability to continue as a going concern and have prepared a cash flow forecast for the period up to March 2029, which indicates that the LLP is expected to maintain a positive cash position throughout the forecast period. The forecast incorporates planned business expansion, including the recruitment of additional Relationship Managers, together with the associated increase in employment and commission costs. These costs are considered reasonably predictable and have been reflected in management's projections. Even in the event of a reduction in revenue, the LLP is expected to remain cash positive.
At the year-end, the LLP held a cash balance of £405k, compared to short-term liabilities of £30k. Management expects a further capital injection from a prospective equity partner in September 2026. Also considered various downside scenarios of the forecast and remain confident that the LLP would continue to meet its obligations, even under less favourable trading conditions.
The members are not aware of any material uncertainties that may cast significant doubt on the LLP's ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going concern basis.
2.3.
Turnover
Turnover, which is stated net of Value Added Tax, is attributable to the supply of investment management services and mortgage advisory services carried out entirely within the United Kingdom. Management fees are recognised on a straight line basis over the period of service provided. Mortgage advisory services are recognised on completion of the mortgage offer. Amounts received in advance of the service provision are included within creditors falling due within one year as deferred income. Amounts earned, but not yet invoiced at the balance sheet date are included within debtors as accrued income.
Performance related fees are recognised when the relevant performance conditions have been met.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
| Leasehold |
|
| Plant & Machinery |
|
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Aura Hexaa LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
2.5.
Financial Instruments
The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a LLP, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the LLP would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.
2.6.
Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the profit and loss account as they arise.
2.7.
Taxation
No taxation is reflected in the accounts as tax is borne by the individual Members in a personal capacity on their attributable profit shares and not by the LLP.
2.8.
Members Capital
Members' capital is classified as equity in accordance with the LLP SORP. Repayment of Members' capital is governed by the Members' Agreement dated 1 November 2025.
2.9.
Pensions
Defined contribution pension plan
The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.
2.10.
Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Aura Hexaa LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
2.11.
Judgements in applying accounting policies and key sources of estimation uncertainty
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.
3.
Turnover
Analysis of turnover by geographical market is as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| United Kingdom |
|
|
|
| 357,681 | 376,966 | ||
4.
Other Operating Income
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Other operating income | - |
|
|
| - | 27,234 | ||
5.
Operating Profit
The operating profit is stated after charging:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation of tangible fixed assets |
|
|
|
6.
Auditor's Remuneration
Remuneration received by the LLP's auditors and their associates during the year was as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the LLP's financial statements |
|
|
|
7.
Staff Costs
Staff costs were as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
|
|
|
| Social security costs | - |
|
|
| Other pension costs |
|
|
|
|
|
|
||
8.
Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2025: 1)
Aura Hexaa LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
9.
Members' Remuneration
| 2026 | 2025 | ||
|---|---|---|---|
| Average number of members during the year | 4 | 3 | |
10.
Tangible Assets
| Land & Property | |||
|---|---|---|---|
| Leasehold | Plant & Machinery | Total | |
| £ | £ | £ | |
| Cost | |||
| As at 1 April 2025 |
|
|
|
| Additions |
|
|
|
| As at 31 March 2026 |
|
|
|
| Depreciation | |||
| As at 1 April 2025 |
|
|
|
| Provided during the period |
|
|
|
| As at 31 March 2026 |
|
|
|
| Net Book Value | |||
| As at 31 March 2026 |
|
|
|
| As at 1 April 2025 |
|
|
|
11.
Debtors
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Prepayments and accrued income |
|
|
|
| Other debtors |
|
|
|
| VAT |
|
|
|
|
|
|
||
12.
Creditors: Amounts Falling Due Within One Year
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Other taxes and social security |
|
|
|
| Other creditors |
|
|
|
| Accruals and deferred income |
|
|
|
|
|
|
||
Aura Hexaa LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
13.
Financial Instruments
The LLP has the following financial instruments:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Financial assets | |||
| Financial assets measured at fair value through profit and loss | 405,755 | 291,733 | |
| Financial assets that are debt Instruments measured at amortised cost | 61,370 | 189,924 | |
| Financial liabilities | |||
| Financial liabilities measured at amortised cost | 15,402 | 1,013 | |
Financial assets measured at fair value through profit or loss comprise cash and cash equivalents. Financial assets measured at amortised cost comprise trade debtors and other debtors.
Financial liabilities measured at amortised cost comprise trade creditors and other creditors.
Commitments under operating leases
At 31 March 2026, the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|
2026
|
2025
|
|
|
£
|
£
|
|
|
Not later than 1 year
|
14,851
|
-
|
|
Later than 1 year and not later than 5 years
|
18,564
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
-
|
|
33,415
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
-
|
|
14.
Pension Commitments
The LLP operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the LLP in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £870 (2025: £963).
At the balance sheet date contributions of £226 (2025: £197) were due to the fund and are included in creditors.
15.
Related Party Disclosures
During the year, key management personnel's compensation amounted to £121,977 (2025: £175,733). In addition, a commission of £47,998 (2025: £Nil) was paid to Nan Li, a member of the LLP, in respect of introducer services.
16.
Controlling Parties
The LLP's ultimate controlling party is Shangjia (Monica) Lin since 28 March 2024.
17.
Cash and cash equivalents
|
2026
|
2025
|
|
|
£
|
£
|
|
|
Cash at bank and in hand
|
405,775
|
291,733
|
18. Post Balance Sheet Events
There have been no significant events affecting the LLP since the year-end.