Limited Liability Partnership registration number OC401249 (England and Wales)
NAL PROPERTY INVESTMENT LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
NAL PROPERTY INVESTMENT LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
Mr V Hovsepian
Mrs E Hovsepian
LLP registration number
OC401249
Registered office
4 Grange Park
Ealing
England
W5 3PL
Accountants
Koshal Associates
Gautam House
1 - 3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
NAL PROPERTY INVESTMENT LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
NAL PROPERTY INVESTMENT LLP
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,050,000
2,050,000
Current assets
Cash at bank and in hand
39,349
50,537
Creditors: amounts falling due within one year
4
(2,035,707)
(2,031,378)
Net current liabilities
(1,996,358)
(1,980,841)
Total assets less current liabilities and net assets attributable to members
53,642
69,159
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
16,659
50,289
Members' other interests
Other reserves classified as equity
36,983
18,870
53,642
69,159

For the financial year ended 31 March 2024 the limited liability partnership 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 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 10 September 2024 and are signed on their behalf by:
10 September 2024
Mr V Hovsepian
Mrs E Hovsepian
Designated member
Designated Member
Limited Liability Partnership registration number OC401249 (England and Wales)
NAL PROPERTY INVESTMENT LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Limited liability partnership information

Nal Property Investment LLP is a limited liability partnership incorporated in England and Wales. The registered office is 4 Grange Park, Ealing, England, W5 3PL.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Freehold land and buildings
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2024
2023
Number
Number
Total
2
2
NAL PROPERTY INVESTMENT LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Tangible fixed assets
Freehold land and buildings
£
Cost
At 1 April 2023 and 31 March 2024
2,050,000
Depreciation and impairment
At 1 April 2023 and 31 March 2024
-
Carrying amount
At 31 March 2024
2,050,000
At 31 March 2023
2,050,000
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,287
-
Other creditors
2,031,420
2,031,378
2,035,707
2,031,378
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