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REGISTERED NUMBER: OC371773 (England and Wales)


















Report of the Members and

Unaudited Financial Statements

for the Period

6 April 2023 to 30 September 2023

for

Parker Pennington Property LLP

Parker Pennington Property LLP (Registered number: OC371773)






Contents of the Financial Statements
for the Period 6 April 2023 to 30 September 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Parker Pennington Property LLP

General Information
for the Period 6 April 2023 to 30 September 2023







DESIGNATED MEMBERS: C Parker
C J Pennington
Miss L H K Vu
Ms C Parker





REGISTERED OFFICE: Suite 16 Beaufort Court
Admirals Way
Docklands
London
E14 9XL





REGISTERED NUMBER: OC371773 (England and Wales)





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

Parker Pennington Property LLP (Registered number: OC371773)

Report of the Members
for the Period 6 April 2023 to 30 September 2023

The members present their report with the financial statements of the LLP for the period 6 April 2023 to 30 September 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of rental of properties.

DESIGNATED MEMBERS
The designated members during the period under review were:

C Parker
C J Pennington
Miss L H K Vu
Ms C Parker

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £58,956 (2023 - £9,348 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





C J Pennington - Designated member


27 October 2023

Parker Pennington Property LLP (Registered number: OC371773)

Income Statement
for the Period 6 April 2023 to 30 September 2023

Period
6.4.23
to Year Ended
30.9.23 5.4.23
Notes £    £   

REVENUE - -

Administrative expenses 1,204 2,402
(1,204 ) (2,402 )

Other operating income 64,701 19,630
OPERATING PROFIT 63,497 17,228


Interest payable and similar expenses 4,541 7,880
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


58,956


9,348

PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


58,956


9,348

Members' remuneration charged as an
expense

4

(58,956

)

(9,348

)
PROFIT FOR THE FINANCIAL PERIOD
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

Parker Pennington Property LLP (Registered number: OC371773)

Balance Sheet
30 September 2023

30.9.23 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 - 180,213

CURRENT ASSETS
Cash at bank - 4,574

CREDITORS
Amounts falling due within one year 6 - (1 )
NET CURRENT ASSETS - 4,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

184,788

CREDITORS
Amounts falling due after more than one
year

7

-

106,518
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

78,270

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

78,270

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members - 78,270

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 period ended 30 September 2023.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 27 October 2023 and were signed by:



C J Pennington - Designated member

Parker Pennington Property LLP (Registered number: OC371773)

Notes to the Financial Statements
for the Period 6 April 2023 to 30 September 2023

1. STATUTORY INFORMATION

Parker Pennington Property 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.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

4. INFORMATION IN RELATION TO MEMBERS
Period
6.4.23
to Year Ended
30.9.23 5.4.23
£    £   
Members' remuneration charged as an expense
Automatic division of profit 58,956 9,348

Period
6.4.23
to Year Ended
30.9.23 5.4.23
£    £   
The average members' remuneration during the period was - -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023 180,213
Disposals (180,213 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -
At 5 April 2023 180,213

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 5.4.23
£    £   
Trade creditors - (1 )

Parker Pennington Property LLP (Registered number: OC371773)

Notes to the Financial Statements - continued
for the Period 6 April 2023 to 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 5.4.23
£    £   
Other creditors - 106,518

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 106,518