Cupi Properties LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC449229

CUPI PROPERTIES LLP

FILLETED UNAUDITED FINANCIAL STATEMENTS

5 April 2026

CUPI PROPERTIES LLP

STATEMENT OF FINANCIAL POSITION

5 April 2026

	2026		2025
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4	1,772	2,362
Investments	5	2,894,664	2,894,664
		------------	------------
		2,896,436	2,897,026

CURRENT ASSETS

Cash at bank and in hand	19,476		12,226

CREDITORS: amounts falling due within one year	6	1,260		1,200
		--------		--------
NET CURRENT ASSETS			18,216		11,026
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,914,652		2,908,052

CREDITORS: amounts falling due after more than one year	7	2,390,000	2,390,000
		------------	------------
NET ASSETS		524,652	518,052
		------------	------------

REPRESENTED BY:

LOANS AND OTHER DEBTS DUE TO MEMBERS

Other amounts	8	524,652	518,052
		---------	---------

MEMBERS' OTHER INTERESTS

Other reserves	–	–
	---------	---------
	524,652	518,052
	---------	---------

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members	8	524,652	518,052
Members' other interests		–	–
		---------	---------
		524,652	518,052
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

CUPI PROPERTIES LLP

STATEMENT OF FINANCIAL POSITION (continued)

5 April 2026

For the year ending 5 April 2026 the LLP 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 LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the members and authorised for issue on 23 September 2026 , and are signed on their behalf by:

Mr S Cupi	Mrs L Cupi
Designated Member	Designated Member

Registered number: OC449229

CUPI PROPERTIES LLP

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2026

1.	GENERAL INFORMATION

The LLP is registered in England and Wales. The address of the registered office is Smith Hannah, 50 Woodgate, Leicester, LE3 5GF.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover represents the amount derived from rents receivable.

Members' participation rights

Members' participation rights are the rights of a member against the LLP 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 LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor vehicles	-	25% reducing balance

Investment properties

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4.	TANGIBLE ASSETS

	Motor vehicles	Total
	£	£
Cost
At 6 April 2025 and 5 April 2026	2,700	2,700
	-------	-------
Depreciation
At 6 April 2025	338	338
Charge for the year	590	590
	-------	-------
At 5 April 2026	928	928
	-------	-------
Carrying amount
At 5 April 2026	1,772	1,772
	-------	-------
At 5 April 2025	2,362	2,362
	-------	-------

5.	INVESTMENTS

	Investment properties
	£
Cost
At 6 April 2025 and 5 April 2026	2,894,664
	------------
Impairment
At 6 April 2025 and 5 April 2026	–
	------------

Carrying amount
At 5 April 2026	2,894,664
	------------
At 5 April 2025	2,894,664
	------------

6. CREDITORS: amounts falling due within one year

	2026	2025
	£	£
Other creditors	1,260	1,200
	-------	-------

7. CREDITORS: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	1,289,402	1,289,402
Other creditors	1,100,598	1,100,598
	------------	------------
	2,390,000	2,390,000
	------------	------------

8.	LOANS AND OTHER DEBTS DUE TO MEMBERS

	2026	2025
	£	£
Amounts owed to members in respect of profits	524,652	518,052
	---------	---------