Acorah Software Products - Accounts Production 15.0.600 false true false 27 June 2023 31 March 2024 31 March 2024 OC447958 Mr Salim Memon Mrs Fazila Memon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC447958 2023-06-26 OC447958 2024-03-31 OC447958 2023-06-27 2024-03-31 OC447958 frs-core:Non-currentFinancialInstruments 2024-03-31 OC447958 frs-bus:LimitedLiabilityPartnershipLLP 2023-06-27 2024-03-31 OC447958 frs-bus:LimitedLiabilityPartnershipsSORP 2023-06-27 2024-03-31 OC447958 frs-bus:FilletedAccounts 2023-06-27 2024-03-31 OC447958 frs-bus:SmallEntities 2023-06-27 2024-03-31 OC447958 frs-bus:AuditExempt-NoAccountantsReport 2023-06-27 2024-03-31 OC447958 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-27 2024-03-31 OC447958 frs-countries:EnglandWales 2023-06-27 2024-03-31 OC447958 frs-bus:PartnerLLP1 2023-06-27 2024-03-31 OC447958 frs-bus:PartnerLLP2 2023-06-27 2024-03-31
Registered number: OC447958
Memon Properties LLP
Unaudited Financial Statements
For the Period 27 June 2023 to 31 March 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC447958
31 March 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 1,250,000
1,250,000
Creditors: Amounts Falling Due Within One Year 5 (1,095 )
NET CURRENT ASSETS (LIABILITIES) (1,095 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,248,905
Creditors: Amounts Falling Due After More Than One Year 6 (1,250,000 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (1,095 )
REPRESENTED BY:
Equity
Members' other interests
Members' capital (46,649)
Other reserves 45,554
(1,095)
TOTAL MEMBERS' INTEREST
Members' other interests (1,095)
(1,095)
Page 1
Page 2
For the period 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 Salim Memon
Designated Member
15th October 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
Memon Properties LLP is a limited liability partnership, incorporated in England & Wales, registered number OC447958 . The Registered Office is 50 Woodgate, Leicester, LE3 5GF.
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.
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 period was: NIL
-
4. Investment Property
31 March 2024
£
Fair Value
As at 27 June 2023 -
Additions 1,250,000
As at 31 March 2024 1,250,000
5. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Other creditors 1,095
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
31 March 2024
£
Other creditors 1,250,000
Page 4