Caseware UK (AP4) 2022.0.179 2022.0.179 2022-03-312022-03-310true2021-03-03falseresidential letting0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC435837 2021-03-02 OC435837 2021-03-03 2022-03-31 OC435837 2020-03-03 2021-03-02 OC435837 2022-03-31 OC435837 c:FreeholdInvestmentProperty 2021-03-03 2022-03-31 OC435837 c:FreeholdInvestmentProperty 2022-03-31 OC435837 c:CurrentFinancialInstruments 2022-03-31 OC435837 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC435837 d:FRS102 2021-03-03 2022-03-31 OC435837 d:AuditExempt-NoAccountantsReport 2021-03-03 2022-03-31 OC435837 d:FullAccounts 2021-03-03 2022-03-31 OC435837 d:LimitedLiabilityPartnershipLLP 2021-03-03 2022-03-31 OC435837 d:PartnerLLP1 2021-03-03 2022-03-31 OC435837 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 OC435837 c:FurtherSpecificReserve2ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure
Registered number: OC435837














THE ISHACK FAMILY LLP
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

 
THE ISHACK FAMILY LLP
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 4


 
THE ISHACK FAMILY LLP
REGISTERED NUMBER:OC435837

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2022

2022
Note
£

Fixed assets
  

Investment property
  
5,000,000

Current assets
  

Debtors: amounts falling due within one year
 5 
33,570

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(5,400)

Net current assets
  
 
 
28,170

  

Net assets
  
5,028,170


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
5,060,507

Other reserves classified as equity
  
(32,337)

  
5,028,170


Total members' interests
  

Members' other interests
  
5,028,170


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 statement of comprehensive income 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 on 24 November 2023.




D O Ishack
Designated member
Page 1

 
THE ISHACK FAMILY LLP
REGISTERED NUMBER:OC435837
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2022


The notes on pages 3 to 4 form part of these financial statements.

The Ishack Family LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 
THE ISHACK FAMILY LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

1.


General information

The Ishack Family LLP is a private Limited Liability Partnership ("LLP") registered in England and Wales. Its registered office is at 2nd Floor Connaught House, 1-3 Mount Street, (Entrance Via Davies Street), London, W1K 3NB. 

The Partnership was incorporated on 3 March 2021 and commenced activity on 1 April 2021.
The principal activity of the Partnership during the period was that of residential property lettings.
The Partnership's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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 following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents amounts receivable from rental income and property management net of VAT.
Revenue is recognised in the period to which it relates.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.5

Creditors

Short term creditors are measured at the transaction price.

 
2.6

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors.                          .


3.


Employees

The entity has no employees.

Page 3

 
THE ISHACK FAMILY LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
5,000,000



At 31 March 2022
5,000,000

The 2022 valuations were made by the members, on an open market value for existing use basis.



At 31 March 2022





5.


Debtors

2022
£


Other debtors
30,840

Prepayments and accrued income
2,730

33,570



6.


Creditors: Amounts falling due within one year

2022
£

Accruals
5,400


 
Page 4