Acorah Software Products - Accounts Production 16.0.110 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 OC440039 Mrs Isabella Gambuzzi Mrs Francesca Gambuzzi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC440039 2023-04-05 OC440039 2024-04-05 OC440039 2023-04-06 2024-04-05 OC440039 frs-core:CurrentFinancialInstruments 2024-04-05 OC440039 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC440039 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-06 2024-04-05 OC440039 frs-bus:AbridgedAccounts 2023-04-06 2024-04-05 OC440039 frs-bus:SmallEntities 2023-04-06 2024-04-05 OC440039 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 OC440039 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 OC440039 frs-countries:EnglandWales 2023-04-06 2024-04-05 OC440039 frs-bus:PartnerLLP1 2023-04-06 2024-04-05 OC440039 frs-bus:PartnerLLP2 2023-04-06 2024-04-05 OC440039 2022-04-05 OC440039 2023-04-05 OC440039 2022-04-06 2023-04-05 OC440039 frs-core:CurrentFinancialInstruments 2023-04-05
Registered number: OC440039
Gambuzzi Property LLP
Unaudited ABRIDGED Financial Statements
For The Year Ended 5 April 2024
Ryder Tax Consultants Ltd
Richmond Bridge House
419 Richmond Road
Twickenham
TW1 2EX
Unaudited Abridged Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Balance Sheet
Registered number: OC440039
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,550,000 1,550,000
1,550,000 1,550,000
CURRENT ASSETS
Debtors 5 2,767 2,647
Cash at bank and in hand 5,885 5,885
8,652 8,532
Creditors: Amounts Falling Due Within One Year 6 (8,652 ) (8,532 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,550,000 1,550,000
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,550,000 1,550,000
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 1,550,000 1,550,000
1,550,000 1,550,000
1,550,000 1,550,000
TOTAL MEMBERS' INTEREST
Amounts due from members (2,767) (2,647)
Loans and other debts due to members within one year 1,550,000 1,550,000
1,547,233 1,547,353
Page 1
Page 2
For the year ending 5 April 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.
All of the LLP's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 5 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the members
Mrs Isabella Gambuzzi
Designated Member
18/08/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Gambuzzi Property LLP is a limited liability partnership, incorporated in England & Wales, registered number OC440039 . The Registered Office is care of Ryder Tax Consultants Ltd, Richmond Bridge House, 419 Richmond Bridge House, Twickenham, TW1 2EX.
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 rendering of services.
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 directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 6 April 2023 and 5 April 2024 1,550,000
5. Debtors
2024 2023
£ £
Due within one year
Amounts due from members 2,767 2,647
2,767 2,647
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 5,885 5,885
Accruals and deferred income 2,767 2,647
8,652 8,532
Page 3