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REGISTERED NUMBER: OC376152 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

P2D Create LLP

P2D Create LLP (Registered number: OC376152)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


P2D Create LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: J Dang
H Q Dang
H K Duong
Miss A Dang
N Phung





REGISTERED OFFICE: 172 Eltham Road
London
London
SE9 5LN





REGISTERED NUMBER: OC376152 (England and Wales)





ACCOUNTANTS: ACL & Co
Chartered Certified Accountants
The Coach House
North Building
1 Howard Road
Reigate
Surrey
RH2 7JE

P2D Create LLP (Registered number: OC376152)

Report of the Members
for the Year Ended 31 March 2023

The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property investment.

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

J Dang
H Q Dang
H K Duong
Miss A Dang
N Phung

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £36,843 (2022 - £20,575 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Miss A Dang - Designated member


31 October 2023

P2D Create LLP (Registered number: OC376152)

Income Statement
for the Year Ended 31 March 2023

31.3.23 31.3.22
Notes £    £   

TURNOVER 107,531 94,018

Administrative expenses 41,173 23,491
OPERATING PROFIT 66,358 70,527


Interest payable and similar
expenses

29,515

49,952
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES



36,843



20,575

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



36,843



20,575

Members' remuneration charged as
an expense

4

(36,843

)

(20,575

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


-


-

P2D Create LLP (Registered number: OC376152)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 686,200 686,200

CURRENT ASSETS
Debtors 155,730 144,573
Cash at bank and in hand 9,278 20,387
165,008 164,960
CREDITORS
Amounts falling due within one year 6 1,500 1,500
NET CURRENT ASSETS 163,508 163,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

849,708

849,660

CREDITORS
Amounts falling due after more than
one year

7

849,708

849,660
NET LIABILITIES ATTRIBUTABLE
TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members (155,730 ) (144,573 )

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 March 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.

P2D Create LLP (Registered number: OC376152)

Balance Sheet - continued
31 March 2023


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 31 October 2023 and were signed by:




Miss A Dang - Designated member




H Q Dang - Designated member


P2D Create LLP (Registered number: OC376152)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

P2D Create 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. INFORMATION IN RELATION TO MEMBERS
31.3.23 31.3.22
£    £   
Members' remuneration charged as an expense
Automatic division of profit 36,843 20,575

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2022
and 31 March 2023 686,200
NET BOOK VALUE
At 31 March 2023 686,200
At 31 March 2022 686,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 1,500 1,500

P2D Create LLP (Registered number: OC376152)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 849,708 849,660

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 849,708 849,660