HKIP HYIF No.5 LLP

	Page
LLP Information	1
Members' Report	2
Independent Auditor's Report	3—5
Profit and Loss Account	6
Balance Sheet	7—8
Reconciliation of Members' Interests	9—10
Notes to the Financial Statements	10—14

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HKIP HYIF No.5 LLP

Registered No. SO307424

Members' Report For The Year Ended 31 December 2025

Members' Report

The members present their report and the financial statements for the year ended 31 December 2025.

Principal Activity

The LLP's principal activity continues to be that of holding investments.

Members

The designated members who held office during the year were as follows:

HKIP High Yield No.5 Ltd

Whiteberry II (Orbital) Limited

Statement of Members' Responsibilities

The members are responsible for preparing the financial statements in accordance with applicable law and regulations.Company law as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law as applied to Limited Liability Partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss for that period. In preparing the financial statements the members are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The members are responsible for the maintenance and integrity of the corporate and financial information included on the LLP's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

The members of the LLP who held office at the date of approval of this annual report confirm that:

so far as they are aware, there is no relevant audit information of which the LLP's auditors are unaware; and
they have taken all the steps that they ought to have taken as members in order to make themselves aware of any relevant audit information and to establish that the LLP's auditors are aware of that information.

Signed on behalf of the members by

HKIP High Yield No.5 Ltd

Designated Member

14/08/2026

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Independent Auditor's Report

to the Members of

HKIP HYIF No.5 LLP

Independent Auditor's Report

Opinion

We have audited the financial statements of HKIP HYIF No.5 LLP for the year ended 31 December 2025 which comprise the Profit and Loss Account, Balance Sheet, The Reconciliation of Members' Interests and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 - Section 1A for Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland", the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

In our opinion the financial statements:

give a true and fair view of the state of the limited liability partnership's affairs as at 31 December 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to smaller entities; and
have been prepared in accordance with the requirements of the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the limited liability partnership in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 9 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the limited liability partnership and its environment obtained in the course of the audit, we have not identified material misstatements in the members' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 as applied to limited liability partnerships requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of members' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit, or
the members were not entitled to prepare the financial statements in accordance with the small limited liability partnerships regime.

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Independent Auditor's Report (continued)

to the Members of

HKIP HYIF No.5 LLP

Responsibilities of Members

As explained more fully in the Statement of Members' Responsibilites set out on page 2, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members are responsible for assessing the limited liability partnership's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the limited liability partnership or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outline above, to detect material misstatements in respect of irregularities, including fraud. The extent to which these can detect irregularities, including fraud is detailed below.

To assess the susceptibility of the company's financial statements to material misstatement, including how fraud may occur.

• We enquired of the directors of the companies policies and procedures to detect fraud as well as whether they have knowledge of any actual, suspected or alleged fraud

• Reading Board minutes

• Using analytical procedures to identify any unusual or unexpected transactions.

We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud within the company.

We did not identify any additional fraud risks.

In determining the audit procedures we took into account the results of our evaluation and testing of the operating effectiveness of the company's fraud risk management controls.

We also performed procedures including:

In determining the audit procedures we took into account the results of our evaluation and testing of the operating effectiveness of the company's fraud risk management controls.

We also performed procedures including:

• Identifying journal entries to test for all full scope components based on risk criteria and comparing the identified entries to supporting documentation. These included, as relevant, those posted to unusual accounts

• Assessing significant accounting estimates for bias

• Reviewing large and unusual transactions outside the ordinary course of the company's business.

• Identifying undisclosed related parties

We discussed with management matters related to actual or suspected fraud and considered any implications for our

audit.

We ensured that the audit team collectively had the necessary competence and skills to recognise non-compliance with laws and regulations.

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements and through discussion with the directors (as required by auditing standards).

As the company is regulated our assessment of risks involved gaining an understanding of the control environment including the company's procedures for complying with regulatory requirements.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

The potential effect of these laws and regulations on the financial statement varies considerably.

...CONTINUED

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Independent Auditor's Report (continued)

to the Members of

HKIP HYIF No.5 LLP

Auditor's Responsibilities for the Audit of the Financial Statements - continued

Firstly the entity is subject to very strict laws and regulations that directly affect the financial statements including financial reporting legislation, including the Companies Act 2006, FRS102, UK VAT laws and the UK Corporate tax laws. We assessed the extent of the compliance with these laws and regulations by carrying out a review of the financial statement disclosures and a review of correspondence with the tax authorities.

Secondly the entity is subject to many other laws and regulations including the AML regulations, GDPR and health and safety, where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and management and inspection of regulatory and legal correspondence, if any.

Therefore if a breach of operational regulations is not disclosed to us or evident from the relevant correspondence, an audit will not detect that breach.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the LLP's members, as a body, in accordance with the Companies Act 2006 as applied to limited liability partnerships by Part 12 of the Limited Liability Partnerships (Accounts and Audit) (Application of companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members as a body, for our audit work, for this report, or for the opinions we have formed.

Raymond Henry (Senior Statutory Auditor)

for and on behalf of The Kelvin Partnership , Statutory Auditor

14/08/2026

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HKIP HYIF No.5 LLP

Profit and Loss Account

For The Year Ended 31 December 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		10,791	24,919

GROSS PROFIT		10,791	24,919

Administrative expenses		(25,295 )	(5,343 )

OPERATING (LOSS)/PROFIT		(14,504 )	19,576
Profit on revaluation of investment property		-	1,398,888
Amounts written off investments		-	12,015
Interest payable and similar charges		-	(45,428 )

(LOSS)/PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES		(14,504 )	1,385,051
Members' remuneration charged as an expense	4	14,504	(1,385,051)

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS		-	-

The notes on pages 10 to 14 form part of these financial statements.

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HKIP HYIF No.5 LLP

Balance Sheet

As At 31 December 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	5		3		-

			3		-
CURRENT ASSETS
Debtors	6	5,147,288		63,901
Cash at bank and in hand		1,248		4,181

		5,148,536		68,082
Creditors: Amounts Falling Due Within One Year	7	(24,830 )		(13,330 )

NET CURRENT ASSETS (LIABILITIES)			5,123,706		54,752

TOTAL ASSETS LESS CURRENT LIABILITIES			5,123,709		54,752

NET ASSETS ATTRIBUTABLE TO MEMBERS			5,123,709		54,752

REPRESENTED BY:
Loans and other debts due to members
Other amounts		27,758		54,752

			27,758		54,752

Equity
Members' other interests
Other reserves		5,095,951		-

			5,095,951		-

			5,123,709		54,752

TOTAL MEMBERS' INTEREST
Amounts due from members			(49,347)		(26,994)
Loans and other debts due to members			27,758		54,752
Members' other interests			5,095,951		-

			5,074,362		27,758

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HKIP HYIF No.5 LLP

Balance Sheet (continued)

As At 31 December 2025

These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

On behalf of the members

HKIP High Yield No.5 Ltd

Designated Member

14/08/2026

The notes on pages 10 to 14 form part of these financial statements.

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HKIP HYIF No.5 LLP

Reconciliation of Members' Interests

For The Year Ended 31 December 2025

Reconciliation of Members' Interests

	EQUITY	DEBT
	Members' other interests	Loans and other debts due to members less any amounts due from members in debtors
	Other Reserves	Members'Capital classified as Debt	Other amounts	Total Debts	Total members' interest
	£	£	£	£	£
Amounts due to members	-	807,088	739,644	1,546,732	-

Balance at 1 January 2024	-	807,088	739,644	1,546,732	1,546,732
Members' remuneration charged as an expense, including employment and retirement benefit costs	-	-	1,385,051	1,385,051	1,385,051
Profit/(loss) for the financial year available for discretionary division among members	-	-	-	-	-

Members' interests after profit/(loss) for the year	-	807,088	2,124,695	2,931,783	2,931,783
Drawings	-	-	(2,096,937)	(2,096,937)	(2,096,937)
Repayment of debt (including members' capital classified as liability)	-	(807,088)	-	(807,088)	(807,088)

Amounts due to members	-	-	54,752	54,752	-
Amounts due from members	-	-	(26,994)	(26,994)	-

As at 31 December 2024 and 1 January 2025	-	-	27,758	27,758	27,758


Members' remuneration charged as an expense, including employment and retirement benefit costs	-	-	(14,504)	(14,504)	(14,504)
Profit/(loss) for the financial year available for discretionary division among members	-	-	-	-	-

Members' interests after profit/(loss) for the year	-	-	13,254	13,254	13,254
Drawings	-	-	(34,843)	(34,843)	(34,843)
Other Movements	5,095,951	-	-	-	5,095,951

Amounts due to members	-	-	27,758	27,758	-
Amounts due from members	-	-	(49,347)	(49,347)	-

As at 31 December 2025	5,095,951	-	(21,589)	(21,589)	5,074,362

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HKIP HYIF No.5 LLP

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

HKIP HYIF No.5 LLP is a limited liability partnership, incorporated in Scotland, registered number SO307424 . The Registered Office is Mercantile Buildings, Suite 10, 53 Bothwell Street, Glasgow, G2 6TS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Going Concern Disclosure

The limited liability partnership's going concern status is predicated on the financial position of its subsidiary investment entities.

The current and future financial position of the limited liability partnership, and its subsidiary investment entities, has been reviewed by the designated members. Such a review includes the examination of future cash flows, the liquidity position, and the impact of financial covenants and rising interest rates.

At the date of signing the financial statements, Hamcap HYIF No5 LLP has three active subsidiaries.

The designated members have a reasonable expectation that the subsidiary entities, and therefore the limited liability partnership, have adequate resources to continue in operational existence for the foreseeable future. Thus, the designated members continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Significant judgements and estimations

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Service Charges

The members consider that the risks in relation to the provision of services are primarily borne by the company's tenants. Consequently, such income is not treated as revenue; rather it is offset against the costs to which it relates.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Investment impairment

At the end of each financial year and assessment is made on whether there are indicators that the limited liability partnership's investments and loans are impaired. Where necessary the limited liability partnership's assessment is based on an estimation of the recoverable amount of each asset. This is based on underlying fair values of the investment properties held within those investments. The fair values are derived from external third party valuations carried out by professional surveyors.

2.4. Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

If, at the balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the balance sheet date are carried forward as work in progress.

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HKIP HYIF No.5 LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Financial Instruments

The company 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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 initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the limited liability partnership transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

...CONTINUED

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HKIP HYIF No.5 LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Financial Instruments - continued

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.6. Members' participating Interests

Members' participation rights are the rights of a member against the limited liability partnership that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the limited liability partnership are analysed between those that are, from the limited liability partnership's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the limited liability partnership has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Where there exists an asset and liability component in respect of an individual member’s participation rights, they are presented on a gross basis unless the limited liability partnership has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

Profits are automatically divided as they arise, so the limited liability partnership does not have an unconditional right to refuse payment and the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense and presented as members remuneration charged as an expense in arriving at the result for the relevant year. To the extent that they remain unpaid at the period end, they are shown as liabilities.

The members’ agreement limits the amount of losses that can be allocated to and recovered from members to the pro-rata amount of their capital investment in the limited liability partnership. Furthermore, the members’ agreement stipulates that the limited liability partnership cannot demand additional contributions from members unless there is unanimous consent. As a result the limited liability partnership does not have an unconditional right to demand payment from members for losses. Losses are therefore allocated in the profit sharing ratios. To the extent that losses exceed the balance on capital accounts, they are not recognised as a recoverable asset and remain within equity until such time as profits are generated to set them against.

2.7. Cash and cash equivalent

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: )

4. Members' Remuneration Charged as an Expense

	2025	2024
	£	£
Remuneration that is paid under an employment contract	(14,504)	1,385,051

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HKIP HYIF No.5 LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Investments

	Unlisted
	£
Cost
As at 1 January 2025	-
Additions	3

As at 31 December 2025	3

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	3

As at 1 January 2025	-

6. Debtors

	2025	2024
	£	£
Due within one year
VAT	1,993	35,737
Amounts owed by group undertakings	5,095,948	1,170
Amounts due from members	49,347	26,994

	5,147,288	63,901

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	11,830
Accruals and deferred income	16,000	1,500
Amounts owed to group undertakings	8,830	-

	24,830	13,330

8. Related Party Transactions

Transactions with related parties

During the year the limited liability partnership entered into the following transactions with related parties:

		Income		Payments
	2025	2024	2025	2024
Entities over which the LLP has control, joint control or significant influence	12,948	-	-	-

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HKIP HYIF No.5 LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

	Amounts owed by	Related Parties	Amounts owed to	Related Parties
	2025	2024	2025	2024
Entities over which the LLP has control, joint control or significant influence	5,095,951	-	8,830	-

9. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

10. Ultimate Controlling Party

Hamcap HYIF No5 LLP is a joint venture entity between HCP High Yield No5 Limited and Whiteberry II (Orbital) Limited. Each member entity has two representatives which form the board of the limited liability partnership . Each representative is entitled to one vote. There is no casting vote and in the event of a deadlock, an auction procedure is commenced.

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Designated Members	HKIP High Yield No.5 Ltd
	Whiteberry II (Orbital) Limited

LLP Registration Number	SO307424

Registered Office	Mercantile Buildings, Suite 10
	53 Bothwell Street
	Glasgow
	G2 6TS

Accountants	The Kelvin Partnership
	Chartered Accountants
	The Cooper Building
	505 Great Western Road
	Glasgow
	G12 8HN