IRIS Accounts Production v23.3.0.418 OC433764 designated member 1.4.22 31.3.23 31.3.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC4337642022-03-31OC4337642023-03-31OC4337642022-04-012023-03-31OC4337642021-03-31OC4337642021-04-012022-03-31OC4337642022-03-31OC433764ns16:EnglandWales2022-04-012023-03-31OC433764ns15:PoundSterling2022-04-012023-03-31OC433764ns11:Director12022-04-012023-03-31OC433764ns11:LimitedLiabilityPartnershipLLP2022-04-012023-03-31OC433764ns11:SmallEntities2022-04-012023-03-31OC433764ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-31OC433764ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31OC433764ns11:LimitedLiabilityPartnershipsSORP2022-04-012023-03-31OC433764ns11:FullAccounts2022-04-012023-03-31OC433764ns11:Director22022-04-012023-03-31OC433764ns11:RegisteredOffice2022-04-012023-03-31OC433764ns6:CurrentFinancialInstruments2023-03-31OC433764ns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: OC433764 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

O'HANLON PROPERTY MANAGEMENT LLP

O'HANLON PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC433764)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


O'HANLON PROPERTY MANAGEMENT LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: Mr R T O'Hanlon
Mrs S L O'Hanlon



REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES



REGISTERED NUMBER: OC433764 (England and Wales)



ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES



LLP MEMBER: Milman Burdett Ltd

O'HANLON PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC433764)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,490,000 1,490,000

CURRENT ASSETS
Debtors 9,297 3,780
Cash at bank 2,118 -
11,415 3,780
CREDITORS
Amounts falling due within one year 5 2,533 2,366
NET CURRENT ASSETS 8,882 1,414
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,498,882

1,491,414

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

8,882

1,414

MEMBERS' OTHER INTERESTS
Capital accounts 1,490,000 1,490,000
1,498,882 1,491,414

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 8,882 1,414
Members' other interests 1,490,000 1,490,000
Amounts due from members (9,297 ) (3,780 )
1,489,585 1,487,634

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.

O'HANLON PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC433764)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22 December 2023 and were signed by:





Mr R T O'Hanlon - Designated member

O'HANLON PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC433764)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

O'Hanlon Property Management 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, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2022
and 31 March 2023 1,490,000
Net book value
At 31 March 2023 1,490,000
At 31 March 2022 1,490,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (1 ) 1
Other creditors 2,534 2,365
2,533 2,366

O'HANLON PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC433764)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 8,882 1,414

Falling due within one year 8,882 1,414

This is not loan to members, this is the current accounts of designated partners.