31 May 2023 false No description of principal activity Taxfiler 2024.5 OC431828business:LimitedLiabilityPartnershipLLP2023-05-312024-05-30 OC4318282023-05-30 OC4318282023-05-312024-05-30 OC431828business:AuditExemptWithAccountantsReport2023-05-312024-05-30 OC431828business:FullAccounts2023-05-312024-05-30 OC4318282024-05-30 OC431828business:PartnerLLP12023-05-312024-05-30 OC431828business:PartnerLLP22023-05-312024-05-30 OC431828business:PartnerLLP32023-05-312024-05-30 OC431828business:RegisteredOffice2023-05-312024-05-30 OC4318282023-05-30 OC431828core:WithinOneYear2024-05-30 OC431828core:WithinOneYear2023-05-30 OC431828core:AfterOneYear2024-05-30 OC431828core:AfterOneYear2023-05-30 OC431828core:ShareCapital2024-05-30 OC431828core:ShareCapital2023-05-30 OC431828core:RetainedEarningsAccumulatedLosses2024-05-30 OC431828core:RetainedEarningsAccumulatedLosses2023-05-30 OC431828business:SmallEntities2023-05-312024-05-30 OC431828countries:EnglandWales2023-05-312024-05-30 OC4318282022-05-312023-05-30 iso4217:GBP xbrli:pure
Registered No. OC431828 (England and Wales)
Kiazy Homes LLP Unaudited accounts for the year ended 30 May 2024
Kiazy Homes LLP LLP Information for the year ended 30 May 2024
Designated members
Mr Ahmed Olawale Odushola
Mr Ishmael Odushola
Mrs Kudrat Odushola
Registered Number
OC431828 (England and Wales)
Registered Office
230 NEWCROSS ROAD LONDON SE14 5PL ENGLAND
Accountants
Crescent Heights 85 Great Portland Street LONDON W1W 7LT
- 2 -
Report to the members on the preparation of the unaudited statutory financial statements of Kiazy Homes LLP for the year ended 30 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kiazy Homes LLP for the year ended 30 May 2024 as set out on pages 4 - 5 from the LLP's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Crescent Heights Chartered Certified Accountants 85 Great Portland Street LONDON W1W 7LT 23 October 2024
- 3 -
Kiazy Homes LLP Statement of financial position as at 30 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
3,515,000 
3,515,000 
Current assets
Debtors
490,381 
505,095 
Cash at bank and in hand
29,495 
4,846 
519,876 
509,941 
Creditors: amounts falling due within one year
(600)
(600)
Net current assets
519,276 
509,341 
Total assets less current liabilities
4,034,276 
4,024,341 
Creditors: amounts falling due after more than one year
(1,873,158)
(1,873,158)
Net assets attributable to members
2,161,118 
2,151,183 
Represented by:
Loans and other debts due to members
7,271 
Members' other interests
Members' capital classified as equity
2,582,287 
2,582,287 
Other reserves
(428,440)
(431,104)
2,153,847 
2,151,183 
2,161,118 
2,151,183 
Total members' interests
Loans and other debts due to members
7,271 
Members' other interests
2,153,847 
2,151,183 
2,161,118 
2,151,183 
For the year ending 30 May 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 23 October 2024.
Mrs Kudrat Odushola Designated member Limited Liability Partnership Registration No. OC431828
- 4 -
Kiazy Homes LLP Notes to the Accounts for the year ended 30 May 2024
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
2
Statutory information
Kiazy Homes LLP is a limited liability partnership, incorporated in England and Wales, registration number OC431828. Its registered office is 230 NEWCROSS ROAD, LONDON, SE14 5PL, ENGLAND.
3
Investment property
2024 
£ 
Fair value at 31 May 2023
3,515,000 
At 30 May 2024
3,515,000 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
600 
600 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,873,158 
1,873,158 
6
Loans and other debts due to members
2024 
2023 
£ 
£ 
Amounts due to members in respect of profits
7,271 
Amounts falling due within one year
7,271 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 5 -