Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 OC434186 Mr Mohammed Malik Mrs Hina Nadia Mrs Nasira Malik Mr Hassan Malik iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC434186 2022-11-30 OC434186 2023-11-30 OC434186 2022-12-01 2023-11-30 OC434186 frs-core:Non-currentFinancialInstruments 2023-11-30 OC434186 frs-bus:LimitedLiabilityPartnershipLLP 2022-12-01 2023-11-30 OC434186 frs-bus:LimitedLiabilityPartnershipsSORP 2022-12-01 2023-11-30 OC434186 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 OC434186 frs-bus:SmallEntities 2022-12-01 2023-11-30 OC434186 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 OC434186 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 OC434186 frs-countries:EnglandWales 2022-12-01 2023-11-30 OC434186 frs-bus:PartnerLLP1 2022-12-01 2023-11-30 OC434186 frs-bus:PartnerLLP2 2022-12-01 2023-11-30 OC434186 frs-bus:PartnerLLP3 2022-12-01 2023-11-30 OC434186 frs-bus:PartnerLLP4 2022-12-01 2023-11-30 OC434186 2021-11-30 OC434186 2022-11-30 OC434186 2021-12-01 2022-11-30 OC434186 frs-core:Non-currentFinancialInstruments 2022-11-30
Registered number: OC434186
M N Malik Property Partnership LLP
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC434186
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 8,225,000 8,225,000
8,225,000 8,225,000
CURRENT ASSETS
Debtors 7,000 7,000
7,000 7,000
Creditors: Amounts Falling Due Within One Year (1,132 ) (1,095 )
NET CURRENT ASSETS (LIABILITIES) 5,868 5,905
TOTAL ASSETS LESS CURRENT LIABILITIES 8,230,868 8,230,905
Creditors: Amounts Falling Due After More Than One Year 5 (1,385,766 ) (1,447,261 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 6,845,102 6,783,644
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 28,670 -
28,670 -
Equity
Members' other interests
Members' capital 6,771,144 6,738,356
Other reserves 45,288 45,288
6,816,432 6,783,644
6,845,102 6,783,644
...CONTINUED
Page 1
Page 2
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 28,670 -
Members' other interests 6,816,432 6,783,644
6,845,102 6,783,644
For the year ending 30 November 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
Mr Mohammed Malik
Designated Member
30/08/2024
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
M N Malik Property Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number OC434186 . The Registered Office is 63 Jersey Road, Hounslow, TW5 0TR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2022: NIL)
- -
4. Investment Property
2023
£
Fair Value
As at 1 December 2022 and 30 November 2023 8,225,000
Page 3
Page 4
5. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,385,766 1,447,261
1,385,766 1,447,261
Page 4