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REGISTERED NUMBER: OC417770 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Masa Housing LLP

Masa Housing LLP (Registered number: OC417770)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Masa Housing LLP (Registered number: OC417770)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £ £
Fixed assets
Tangible assets 4 1,035,000 1,035,000

Current assets
Debtors 118,299 98,568

Creditors
Amounts falling due within one year 5 (31,776 ) (12,045 )
Net current assets 86,523 86,523
Total assets less current liabilities 1,121,523 1,121,523

Creditors
Amounts falling due after more than
one year

6

(773,961

)

(773,961

)
Net assets attributable to members 347,562 347,562

Loans and other debts due to
members

7

347,562

347,562

Total members' interests
Loans and other debts due to
members

7

347,562

347,562
Amounts due from members (118,299 ) (98,568 )
229,263 248,994

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.

Masa Housing LLP (Registered number: OC417770)

Balance Sheet - 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 31 January 2024 and were signed by:





Dr Azhar Zafar - Designated member

Masa Housing LLP (Registered number: OC417770)

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

1. Statutory information

Masa Housing LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC417770

Registered office: Marshall House, Suite 21/25 124 Middleton
Morden
SM4 6RW

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employee information

The average number of employees during the year was NIL (2022 - 2 ).

4. Tangible fixed assets
Land and
buildings
£
Cost
At 1 April 2022
and 31 March 2023 1,035,000
Net book value
At 31 March 2023 1,035,000
At 31 March 2022 1,035,000

Masa Housing LLP (Registered number: OC417770)

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

5. Creditors: amounts falling due within one year
31.3.23 31.3.22
£ £
Bank loans and overdrafts 10,331 8,042
Trade creditors 21,445 4,003
31,776 12,045

6. Creditors: amounts falling due after more than one year
31.3.23 31.3.22
£ £
Bank loans 773,961 773,961

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 16,000 16,000

Repayable by instalments
Bank loans more 5 yr by instal 757,961 757,961

7. Loans and other debts due to members
31.3.23 31.3.22
£ £
Loans from members 347,562 347,562

Falling due after more than one year 347,562 347,562