Registered number
OC418803
Ameera Properties LLP
Accounts
31 December 2023
Ameera Properties LLP
Report and accounts
Contents
Page
LLP information 1
Members' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Reconciliation of members' interests 6
Notes to the accounts 7-9
Ameera Properties LLP
LLP Information
Designated members
The Xharbour Software Foundation
S.C.I. Monaco Lofts
Accountants
Howard Roth LLP
317 Horn Lane
London W3 0BU
Brian Terry & Co
Chartered Accountants
21 Fitzwilliam Place
Dublin D02 Y189
Bankers
Barclays Bank PLC
Bank of Ireland Group PLC
Solicitors
Fortune Law
Central Court, 25 Southampton Buildings
Chancery Lane, London WC2A 1AL
United Kingdom
Moran & Ryan Solicitors
Baggot Hall
41 Baggot Street Lower
Dublin 2
Republic of Ireland
Registered office
71-75 Shelton Street
Covent Garden
London WC2H 9JQ
United Kingdom
71 Lower Baggot Street
Ground Floor
Dublin D02 P593
Republic of Ireland
Registered number
OC418803
Ameera Properties LLP
Members' Report
The members present their report and accounts for the year ended 31 December 2023.
Principal activities
The LLP's principal activity during the year was that of properties investment and letting in the Principality of Monaco, United Kingdom and Republic of Ireland.
Designated members
The following persons served as designated members during the year:
The Xharbour Software Foundation
S.C.I. Monaco Lofts (formerly CWS Accunting & Management LLC until 7 December 2023)
Policy with respect to members' drawings and subscription and repayment of members' capital
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP. New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amount of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.
This report was approved by the members on 21 August 2024 and signed on their behalf by:
The Xharbour Software Foundation
Designated member
Ameera Properties LLP
Accountants' Report
Accountants' report to the members of
Ameera Properties LLP
You consider that the LLP is exempt from an audit for the year ended 31 December 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 (as applied by the LLP regulations) with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the LLP at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Reconciliation of Members' Interests and the related notes from the accounting records of the LLP and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Howard Roth LLP
Accountants
317 Horn Lane
London W3 0BU
21 August 2024
Ameera Properties LLP
Profit and Loss Account
for the year ended 31 December 2023
2023 2022
£ £
Turnover 527,904 513,875
Cost of sales (111,649) (128,421)
Gross profit 416,255 385,454
Administrative expenses (61,986) (42,345)
Operating profit 354,269 343,109
Gain on revaluation of investments - 743,521
Interest receivable 7,246 -
Profit before members' remuneration and profit share 361,515 1,086,630
Profit for the financial year available for discretionary division among members 361,515 1,086,630
Ameera Properties LLP
Registered number: OC418803
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,626,295 11,626,295
Current assets
Debtors 4 5,521 155,305
Cash at bank and in hand 1,190,885 696,929
1,196,406 852,234
Creditors: amounts falling due within one year 5 (161,910) (151,598)
Net current assets 1,034,496 700,636
Total assets less current liabilities 12,660,791 12,326,931
Creditors: amounts falling due after more than one year 6 (2,537,912) (2,416,622)
Net assets attributable to members 10,122,879 9,910,309
Represented by:
Loans and other debts due to members 7 2,739,107 2,888,052
Members' other interests
Members' capital classified as equity 3,800,000 3,800,000
Other reserves 3,583,772 3,222,257
7,383,772 7,022,257
10,122,879 9,910,309
Total members' interests
Loans and other debts due to members 7 2,739,107 2,888,052
Members' other interests 7,383,772 7,022,257
10,122,879 9,910,309
For the year ended 31 December 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.
These accounts were approved by the members on 21 August 2024 and signed on their behalf by:
The Xharbour Software Foundation
Designated member
Ameera Properties LLP
Reconciliation of Members' Interests
for the year ended 31 December 2023
£
EQUITY DEBT TOTAL
Members' other interests Loans and other debts due to members
less any amounts due from members
in debtors
Members' capital (classified as equity) Other reserves Profit and loss reserve Total Members' capital (classified as debt) Other amounts Total Total members' interests
Balance at 1 January 2023 3,800,000 2,387,953 834,304 7,022,257 - 2,888,052 2,888,052 9,910,309
Profit for the financial year available for discretionary division among members - 361,515 361,515 361,515
Members' interests after profit for the year 3,800,000 2,387,953 1,195,819 7,383,772 - 2,888,052 2,888,052 10,271,824
Other movements - - - - - (148,945) (148,945) (148,945)
Balance at 31 December 2023 3,800,000 2,387,953 1,195,819 7,383,772 - 2,739,107 2,739,107 10,122,879
Ameera Properties LLP
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
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.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 11,581,413 44,882 11,626,295
At 31 December 2023 11,581,413 44,882 11,626,295
Depreciation
At 31 December 2023 - - -
Net book value
At 31 December 2023 11,581,413 44,882 11,626,295
At 31 December 2022 11,581,413 44,882 11,626,295
No depreciation is provided on land and buildings properties as in the opnion of the partners, following valaution of some properties in 2022, these are the open market values at the year end.
4 Debtors 2023 2022
£ £
Trade debtors 3,516 18,951
Other debtors 2,005 136,354
5,521 155,305
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 319
Trade creditors 22,453 11,822
Other creditors 139,457 139,457
161,910 151,598
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 2,537,912 2,416,622
7 Loans and other debts due to members 2023 2022
£ £
Loans from members 2,739,107 2,888,052
Amounts falling due within one year 2,739,107 2,888,052
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Related party transactions
Assets in the Principality of Monaco:
The lands and buildings in the Principality of Monaco are held by S.C.I. Monaco Lofts and for this reason they are not included in these financial accounts under the section “Tangible fixed assets”.

Ameera Properties LLP only manages the properties held by S.C.I. Monaco Lofts and collects the rental income on behalf of S.C.I. Monaco Lofts, however these transactions were after the year end.
9 Controlling party
The ultimate controlling party is The Xharbour Software Foundation (Registered in United Arab Emirates) by virtue of holding 100% membership interest shareholding in the LLP.
10 Other information
Ameera Properties LLP is a limited liability partnership incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London WC2H 9JQ
United Kingdom
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