Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-310false0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.residential letting2023-04-01falsetruetrue OC435837 2023-04-01 2024-03-31 OC435837 2022-04-01 2023-03-31 OC435837 2024-03-31 OC435837 2023-03-31 OC435837 c:FreeholdInvestmentProperty 2024-03-31 OC435837 c:FreeholdInvestmentProperty 2023-03-31 OC435837 c:CurrentFinancialInstruments 2024-03-31 OC435837 c:CurrentFinancialInstruments 2023-03-31 OC435837 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC435837 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC435837 d:FRS102 2023-04-01 2024-03-31 OC435837 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC435837 d:FullAccounts 2023-04-01 2024-03-31 OC435837 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC435837 d:PartnerLLP1 2023-04-01 2024-03-31 OC435837 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC435837 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC435837 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC435837 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC435837 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC435837














THE ISHACK FAMILY LLP
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
THE ISHACK FAMILY LLP
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 4


 
THE ISHACK FAMILY LLP
REGISTERED NUMBER:OC435837

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,770,000
2,770,000

Current assets
  

Debtors: amounts falling due within one year
 5 
34,373
33,655

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(13,837)
(19,250)

Net current assets
  
 
 
20,536
 
 
14,405

Net assets
  
2,790,536
2,784,405


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
2,713,539
2,784,939

Other reserves classified as equity
  
76,997
(534)

  
2,790,536
2,784,405


Total members' interests
  

Members' other interests
  
2,790,536
2,784,405


Page 1

 
THE ISHACK FAMILY LLP
REGISTERED NUMBER:OC435837
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 24 September 2024.




D O Ishack
Designated member

The notes on pages 3 to 4 form part of these financial statements.

The Ishack Family LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 
THE ISHACK FAMILY LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Ishack Family LLP is a private Limited Liability Partnership ("LLP") registered in England and Wales. Its registered office is at 2nd Floor Connaught House, 1-3 Mount Street, (Entrance Via Davies Street), London, W1K 3NB. 

The principal activity of the Partnership during the year was that of residential property lettings.
The Partnership's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents rental income net of VAT.
Revenue is recognised in the period to which it relates.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.5

Creditors

Short term creditors are measured at the transaction price.


3.


Employees




The entity has no employees.

Page 3

 
THE ISHACK FAMILY LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
2,770,000



At 31 March 2024
2,770,000

The 2024 valuations were made by the members, on an open market value for existing use basis.







5.


Debtors

2024
2023
£
£


Other debtors
31,254
30,653

Prepayments and accrued income
3,119
3,002

34,373
33,655



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
8,437
8,450

Accruals
5,400
10,800

13,837
19,250


 
Page 4