1 January 2023 false No description of principal activity Taxfiler 2024.5 true OC345863business:LimitedLiabilityPartnershipLLP2023-01-012023-12-31 OC3458632022-12-31 OC3458632023-01-012023-12-31 OC345863business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 OC345863business:FullAccounts2023-01-012023-12-31 OC3458632023-12-31 OC345863business:PartnerLLP12023-01-012023-12-31 OC345863business:PartnerLLP32023-01-012023-12-31 OC345863business:PartnerLLP52023-01-012023-12-31 OC345863business:RegisteredOffice2023-01-012023-12-31 OC3458632022-12-31 OC345863core:WithinOneYear2023-12-31 OC345863core:WithinOneYear2022-12-31 OC345863core:ShareCapital2023-12-31 OC345863core:ShareCapital2022-12-31 OC345863core:RetainedEarningsAccumulatedLosses2023-12-31 OC345863core:RetainedEarningsAccumulatedLosses2022-12-31 OC345863business:SmallEntities2023-01-012023-12-31 OC345863countries:EnglandWales2023-01-012023-12-31 OC3458632022-01-012022-12-31 iso4217:GBP xbrli:pure
Registered No. OC345863 (England and Wales)
Pipa Property LLP Unaudited accounts for the year ended 31 December 2023
Pipa Property LLP LLP Information for the year ended 31 December 2023
Designated members
Mr Stephen Michael Robert Abletshauser
Mr Andrew Ralph Bickmore
Mr James Dominic Innes Elliott
Registered Number
OC345863 (England and Wales)
Registered Office
Suite 8 59 St. Martin's Lane London WC2N 4JS
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
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Pipa Property LLP Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
53,394 
44,984 
Current assets
Debtors
77,856 
76,057 
Cash at bank and in hand
37,782 
39,559 
115,638 
115,616 
Creditors: amounts falling due within one year
(1,456)
(1,456)
Net current assets
114,182 
114,160 
Net assets attributable to members
167,576 
159,144 
Represented by:
Loans and other debts due to members
9,262 
9,262 
Members' other interests
Members' capital classified as equity
266,000 
266,000 
Other reserves
(107,686)
(116,118)
158,314 
149,882 
167,576 
159,144 
Total members' interests
Loans and other debts due to members
9,262 
9,262 
Members' other interests
158,314 
149,882 
167,576 
159,144 
For the year ending 31 December 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 28 August 2024.
Mr Stephen Michael Robert Abletshauser Designated member Limited Liability Partnership Registration No. OC345863
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Pipa Property LLP Notes to the Accounts for the year ended 31 December 2023
1
Accounting policies
Presentation currency
The accounts are presented in £ sterling.
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.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
2
Statutory information
Pipa Property LLP is a limited liability partnership, incorporated in England and Wales, registration number OC345863. Its registered office is Suite 8, 59 St. Martin's Lane, London, WC2N 4JS.
3
Investment property
2023 
£ 
Fair value at 1 January 2023
44,984 
Net gain from fair value adjustments
8,410 
At 31 December 2023
53,394 
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
1,440 
Accruals
1,456 
16 
1,456 
1,456 
5
Loans and other debts due to members
2023 
2022 
£ 
£ 
Loans from members
9,262 
9,262 
Amounts falling due within one year
9,262 
9,262 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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