Cumbrian House LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC370520 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

FOR

CUMBRIAN HOUSE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Yelkus 2 Limited

Z Greenglick

G Stein

REGISTERED OFFICE:

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

REGISTERED NUMBER:

OC370520 (England and Wales)

ACCOUNTANTS:

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

FIXED ASSETS

Investment property

4

1,185,000

CURRENT ASSETS

Debtors

5

134,287

107,349

Cash at bank

2,877

14,547

137,164

121,896

CREDITORS

Amounts falling due within one year

6

933,035

933,344

NET CURRENT LIABILITIES

(795,871

)

(811,448

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

389,129

373,552

CREDITORS

Amounts falling due after more than one year

7

10,148

13,119

NET ASSETS ATTRIBUTABLE TO MEMBERS

378,981

360,433

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

57,423

38,875

MEMBERS' OTHER INTERESTS

Other reserves

321,558

378,981

360,433

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

57,423

38,875

Members' other interests

321,558

Amounts due from members

5

(118,749

)

(93,249

)

260,232

267,184

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 31 December 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 Profit and loss has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24 September 2026 and were signed by:

Yelkus 2 Limited - Designated member

1.	STATUTORY INFORMATION

Cumbrian House 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.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.

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 or settle the liability simultaneously.

Going concern

At 31 December 2025 the LLP had net current liabilities of £795,871 (2024: £811,448). The LLP's ability to meet its liabilities as they fall due depends on the continued support of its members and its creditors. This indicates a material uncertainty which may cast significant doubt on the LLP's ability to continue as a going concern. The members nevertheless consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result if the LLP were unable to continue as a going concern.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

1,185,000

NET BOOK VALUE

At 31 December 2025

1,185,000

At 31 December 2024

1,185,000

Investment property was valued on an open market basis on 31 December 2022 by a member of the LLP. The members consider that the fair value of the investment property at 31 December 2025 does not differ materially from this valuation, and it has therefore not been revalued at the year end. If the investment property had not been revalued, it would have been included at its historical cost of £863,442 (2024: £863,442).

5.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

11,640

10,202

Other debtors

3,898

15,538

14,100

Amounts falling due after more than one year:

Other debtors

118,749

93,249

Aggregate amounts

134,287

107,349

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

899,970

Trade creditors

30,725

31,034

Other creditors

2,340

933,035

933,344

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

10,148

13,119

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

1,238

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank Loan

910,119

897,000

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with other unsecured debts.