Acorah Software Products - Accounts Production 15.0.400 false true false 25 May 2023 31 May 2024 31 May 2024 OC447499 Mr Emad Abbas KAMIL Mrs Athraa Amer Qasim AL-QAZZAZ Mr Daniel KAMIL Mr Ryan KAMIL iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC447499 2023-05-24 OC447499 2024-05-31 OC447499 2023-05-25 2024-05-31 OC447499 frs-core:CurrentFinancialInstruments 2024-05-31 OC447499 frs-bus:LimitedLiabilityPartnershipLLP 2023-05-25 2024-05-31 OC447499 frs-bus:LimitedLiabilityPartnershipsSORP 2023-05-25 2024-05-31 OC447499 frs-bus:FilletedAccounts 2023-05-25 2024-05-31 OC447499 frs-bus:SmallEntities 2023-05-25 2024-05-31 OC447499 frs-bus:AuditExempt-NoAccountantsReport 2023-05-25 2024-05-31 OC447499 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-25 2024-05-31 OC447499 frs-countries:EnglandWales 2023-05-25 2024-05-31 OC447499 frs-bus:PartnerLLP1 2023-05-25 2024-05-31 OC447499 frs-bus:PartnerLLP2 2023-05-25 2024-05-31 OC447499 frs-bus:PartnerLLP3 2023-05-25 2024-05-31 OC447499 frs-bus:PartnerLLP4 2023-05-25 2024-05-31
Registered number: OC447499
EDESSA PROPERTY MANAGEMENT LLP
Unaudited Financial Statements
For The Year Ended 31 May 2024
Kash Shah Accountants UK Ltd
Chartered Certified Accountants
165 Crescent Road
Middlesbrough
TS1 4QT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: OC447499
2024
Notes £ £
FIXED ASSETS
Investment Properties 4 2,848,500
2,848,500
CURRENT ASSETS
Cash at bank and in hand 876
876
Creditors: Amounts Falling Due Within One Year 5 (22,503 )
NET CURRENT ASSETS (LIABILITIES) (21,627 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,826,873
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,826,873
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 2,990
2,990
Equity
Members' other interests
Members' capital 2,823,883
2,823,883
2,826,873
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 2,990
Members' other interests 2,823,883
2,826,873
Page 1
Page 2
For the year ending 31 May 2024 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 Emad Abbas KAMIL
Designated Member
26/08/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
EDESSA PROPERTY MANAGEMENT LLP is a limited liability partnership, incorporated in England & Wales, registered number OC447499 . The Registered Office is The Back Store Building, 20-22 West Auckland Road, Darlington, DL3 9EP.
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
-
4. Investment Property
2024
£
Fair Value
As at 25 May 2023 -
Additions 2,848,500
As at 31 May 2024 2,848,500
5. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 21,303
Accruals and deferred income 1,200
22,503
Page 3