Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC352253 Mr Paul Thomas Ms Nuala Sharpe Landsker Child Care Ltd Landsker Holdings Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC352253 2023-03-31 OC352253 2024-03-31 OC352253 2023-04-01 2024-03-31 OC352253 frs-core:MotorVehicles 2024-03-31 OC352253 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC352253 frs-core:MotorVehicles 2023-03-31 OC352253 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC352253 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC352253 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC352253 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC352253 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 OC352253 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC352253 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC352253 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC352253 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC352253 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC352253 frs-bus:PartnerLLP4 2023-04-01 2024-03-31 OC352253 2022-03-31 OC352253 2023-03-31 OC352253 2022-04-01 2023-03-31
Registered number: OC352253
Landsker Property LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountants' Report
Chartered Accountants' report to the members on the preparation of the unaudited statutory accounts of Landsker Property LLP for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008,we have prepared for your approval the accounts of Landsker Property LLP for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the members of Landsker Property LLP, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Landsker Property LLP and state those matters that we have agreed to state to the members of Landsker Property LLP, as a body, in this report in accordance with AAF 2/10 as detailed at ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Landsker Property LLP and its members, as a body, for our work or for this report.
It is your duty to ensure that Landsker Property LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Landsker Property LLP. You consider that Landsker Property LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Landsker Property LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Carly Allchurch ACA
04/10/2024
Allchurch & Co Limited
43 Bellevue Road
West Cross
Swansea
SA3 5QB
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Balance Sheet
Registered number: OC352253
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 622,496 622,496
622,496 622,496
TOTAL ASSETS LESS CURRENT LIABILITIES 622,496 622,496
NET ASSETS ATTRIBUTABLE TO MEMBERS 622,496 622,496
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 622,496 622,496
622,496 622,496
622,496 622,496
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 622,496 622,496
622,496 622,496
For the year ending 31 March 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 Paul Thomas
Designated Member
Ms Nuala Sharpe
Designated Member
04/10/2024
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
Landsker Property LLP is a limited liability partnership, incorporated in England & Wales, registered number OC352253 . The Registered Office is The Old Cornstore, Northfield Road, Narberth, Pembrokeshire, SA67 7AA.
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 represents rental income in respect of investment properties and is recognised in the period to which it relates, net of value added tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on cost
2.4. Investment Properties
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.
2.5. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as a basic financial instrument. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.6. Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7. Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2023 31,924
As at 31 March 2024 31,924
Depreciation
As at 1 April 2023 31,924
As at 31 March 2024 31,924
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 622,496
6. Related Party Transactions
During the year Landsker Property LLP rented property to Landsker Child Care Ltd which is a wholly owned subsidiary of Landsker Holdings a limited company owned and controlled by the designated members. The rent received for the year was £128,000, this is at a fair market value and no amounts were outstanding at the year end. 
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