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REGISTERED NUMBER: OC344461 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ZENPROP UK MANAGEMENT SERVICES LLP

ZENPROP UK MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC344461)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZENPROP UK MANAGEMENT SERVICES LLP

GENERAL INFORMATION
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: D Beare
Ms A Sommer





REGISTERED OFFICE: 124 City Road
LONDON
EC1V 2NX





REGISTERED NUMBER: OC344461 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

ZENPROP UK MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC344461)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,626 8,152

CURRENT ASSETS
Debtors 5 507,662 518,522
Cash at bank and in hand 22,651 17,565
530,313 536,087
CREDITORS
Amounts falling due within one year 6 518,993 524,904
NET CURRENT ASSETS 11,320 11,183
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

16,946

19,335

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

16,946

19,335

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 16,946 19,335

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 2024.

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.

ZENPROP UK MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC344461)

BALANCE SHEET - continued
31 March 2024


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 19 August 2024 and were signed by:





D Beare - Designated member

ZENPROP UK MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC344461)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Zenprop UK Management Services 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.

Going concern
After reviewing the partnership's forecasts and projections, the members have reasonable expectation that the partnership has adequate resources to continue in operational existence for the foreseeable future. The partnership therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended ny management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives as indicated below:

Depreciation is provided on the following basis:

Fixtures, fittings & Equipment - 25% reducing balance
Computer equipment - 25% straight line


The assets' residual values, useful lives and depreciation methods are reviewed annually and adjusted accordingly if applicable.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

ZENPROP UK MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC344461)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 61,905 11,100 73,005
DEPRECIATION
At 1 April 2023 54,912 9,941 64,853
Charge for year 1,748 778 2,526
At 31 March 2024 56,660 10,719 67,379
NET BOOK VALUE
At 31 March 2024 5,245 381 5,626
At 31 March 2023 6,993 1,159 8,152

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors (206,571 ) (1,056,126 )
Other debtors 161,201 275,071
VAT 1,025 3,776
Prepayments and accrued income 552,007 1,295,801
507,662 518,522

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 922 264
Social security and other taxes - 3,129
Other creditors 518,071 518,619
Accrued expenses - 2,892
518,993 524,904

7. FINANCIAL INSTRUMENTS

The Partnership only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

ZENPROP UK MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC344461)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Monies owed to the partners included in loans and other debts due to members are payable after all creditors have been paid.

9. RELATED PARTY DISCLOSURES

Included in Other Creditors is a loan of £12,000 (2023: £12,000) owed to an entity in which a member has an interest. The loan is interest free and repayable on demand.

Included in Other Debtors is a loan of £42,185 (2023: £165,251) owed by an entity in which a member has an interest. The loan is interest free and repayable on demand.