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Registered number: OC386148
ROYALE WHARF PROPERTIES LLP
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2026
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ROYALE WHARF PROPERTIES LLP
CONTENTS
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Notes to the financial statements
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ROYALE WHARF PROPERTIES LLP
REGISTERED NUMBER: OC386148
BALANCE SHEET
AS AT 31 MARCH 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Loans and other debts due to members within one year
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Loans and other debts due to members
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1
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ROYALE WHARF PROPERTIES LLP
REGISTERED NUMBER: OC386148
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.
The entity 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.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.
The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.
The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
................................................
A Zykov
For and on behalf of Trinique Worldwide Holding Limited
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The notes on pages 3 to 6 form part of these financial statements.
2
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ROYALE WHARF PROPERTIES LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Royale Wharf Properties LLP is a Limited Liability Partnership registered in England and Wales, registration number OC386148. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. The principal place of business is 124 City Road, London, EC1V 2NX.
The principal activity of the LLP continued to be residential property trading.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of 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".
The LLP's functional and presentational currency is pound sterling.
The following principal accounting policies have been applied:
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from the sale of properties is recognised at the point in time when control of the property transfers to the buyer, typically on legal completion of the sale, when the LLP has transferred the significant risks and rewards of ownership and has no continuing involvement or control over the property. Deposits received prior to completion are recognised as deferred income within creditors until the criteria for revenue recognition are met. Costs associated with properties sold are recognised within cost of sales in the same period as the related revenue.
Stock of properties is valued at the lower of cost and net realisable value. Costs include all direct costs related to development, construction, professional fees and other direct costs incurred during the purchase of the stock.
Short term debtors are measured at transaction price, less any impairment. Loans receivable and other debtors including any related party loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
3
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ROYALE WHARF PROPERTIES LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
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, and discounted security instruments issued to related parties.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank
loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at
amortised cost using the effective interest method.
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Division and distribution of profits
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A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.
An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.
The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense' in profit and loss.
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Discounted security instruments
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Discounted security instruments represent a commitment treated as a liability. They are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. The unwinding of discount is charged to the Statement of comprehensive income and is included within finance costs.
Interest income receivable in connection with advance payments to developers is recognised in the
profit and loss account using the effective interest method.
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The average monthly number of employees during the year was 4 (2025 - 4).
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4
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ROYALE WHARF PROPERTIES LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Prepayments and accrued income
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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5
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ROYALE WHARF PROPERTIES LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Loans and other debts due to members
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Other amounts due to members
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Loans and other debts due to members may be further analysed as follows:
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Falling due within one year
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Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
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Related party transactions
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As at 31 March 2026, other debtors included a balance owed from an entity under common control totalling £NIL (2025 - £35,258). The loan was interest free and repayable on demand.
During the year, the LLP issued discounted security instruments at a cost of £NIL (2025 - £1,670,364) to a related party under common ownership.
No discounted security instruments remained outstanding at 31 March 2026. Discounted security instruments outstanding at the previous year end were repaid in full and redeemed during the year. Finance charges recognised in relation to those instruments amounted to £77,068 (2025 - £229,478). No finance charges were accrued at the balance sheet date (2025 - £27,206).
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6
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