Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 OC432742 Dr Kuljit Kaur Johal Dr Sharnjit Kaur Dosanjh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC432742 2022-07-31 OC432742 2023-07-31 OC432742 2022-08-01 2023-07-31 OC432742 frs-core:CurrentFinancialInstruments 2023-07-31 OC432742 frs-core:Non-currentFinancialInstruments 2023-07-31 OC432742 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 OC432742 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 OC432742 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 OC432742 frs-bus:LimitedLiabilityPartnershipLLP 2022-08-01 2023-07-31 OC432742 frs-bus:LimitedLiabilityPartnershipsSORP 2022-08-01 2023-07-31 OC432742 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 OC432742 frs-bus:SmallEntities 2022-08-01 2023-07-31 OC432742 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 OC432742 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 OC432742 frs-countries:EnglandWales 2022-08-01 2023-07-31 OC432742 frs-bus:PartnerLLP1 2022-08-01 2023-07-31 OC432742 frs-bus:PartnerLLP2 2022-08-01 2023-07-31 OC432742 2021-07-31 OC432742 2022-07-31 OC432742 2021-08-01 2022-07-31 OC432742 frs-core:CurrentFinancialInstruments 2022-07-31 OC432742 frs-core:Non-currentFinancialInstruments 2022-07-31
Registered number: OC432742
Sadhlakh Properties LLP
Financial Statements
For The Year Ended 31 July 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC432742
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 724,041 724,041
724,041 724,041
CURRENT ASSETS
Cash at bank and in hand 6,761 370
6,761 370
Creditors: Amounts Falling Due Within One Year 5 (258,991 ) (249,798 )
NET CURRENT ASSETS (LIABILITIES) (252,230 ) (249,428 )
TOTAL ASSETS LESS CURRENT LIABILITIES 471,811 474,613
Creditors: Amounts Falling Due After More Than One Year 6 (365,660 ) (378,478 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 106,151 96,135
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 9,380 -
9,380 -
Equity
Members' other interests
Members' capital 82,457 81,821
Other reserves 14,314 14,314
96,771 96,135
106,151 96,135
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 9,380 -
Members' other interests 96,771 96,135
106,151 96,135
Page 1
Page 2
For the year ending 31 July 2023 the LLP 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Dr Sharnjit Kaur Dosanjh
Designated Member
14 December 2023
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sadhlakh Properties LLP is a limited liability partnership, incorporated in England & Wales, registered number OC432742 . The Registered Office is Acton Vale Dental, 179-181 The Vale, London, Greater London, W3 7RW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Non Depreciable
2.4. Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
2.5. 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.
2.6. Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2022: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 August 2022 724,041
As at 31 July 2023 724,041
Net Book Value
As at 31 July 2023 724,041
As at 1 August 2022 724,041
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 30 72
Other creditors 258,961 249,726
258,991 249,798
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 365,660 378,478
365,660 378,478
Page 4