Registered number
OC441707
Alpha Lettings Property Management LLP
Filleted Accounts
31 March 2023
Alpha Lettings Property Management LLP
Registered number: OC441707
Balance Sheet
as at 31 March 2023
Notes 2023
£
Fixed assets
Tangible assets 3 5,357,535
Current assets
Debtors 4 6,088
Cash at bank and in hand 139,600
145,688
Creditors: amounts falling due within one year 5 (10,785)
Net current assets 134,903
Total assets less current liabilities 5,492,438
Creditors: amounts falling due after more than one year 6 (3,564,882)
Net assets attributable to members 1,927,556
Represented by:
Members' other interests
Members' capital classified as equity 1,685,098
Other reserves 242,458
1,927,556
1,927,556
Total members' interests
Members' other interests 1,927,556
1,927,556
For the period ended 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 29 January 2024 and signed on their behalf by:
Kin Fai Lee
Designated member
Alpha Lettings Property Management LLP
Notes to the Accounts
for the period from 29 March 2022 to 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 25%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price).
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023
Number
Average number of persons employed by the LLP -
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 5,357,535
At 31 March 2023 5,357,535
Depreciation
At 31 March 2023 -
Net book value
At 31 March 2023 5,357,535
4 Debtors 2023
£
Trade debtors 6,088
5 Creditors: amounts falling due within one year 2023
£
Trade creditors 3,750
Other creditors 7,035
10,785
6 Creditors: amounts falling due after one year 2023
£
Bank loans 3,564,882
7 Other information
Alpha Lettings Property Management LLP is a limited liability partnership incorporated in England. Its registered office is:
100 Palmerston Road
Buckhurst Hill
IG9 5LG
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