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REGISTERED NUMBER: OC420219 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

K&H Property Management LLP

K&H Property Management LLP (Registered number: OC420219)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 5


K&H Property Management LLP

General Information
for the Year Ended 31st December 2023







DESIGNATED MEMBERS: K S Brar
Mrs H K Brar
Mrs R K Gill





REGISTERED OFFICE: First Floor
87 Kenton Road
Harrow
Middlesex
HA3 0AH





REGISTERED NUMBER: OC420219 (England and Wales)






K&H Property Management LLP (Registered number: OC420219)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 755 888
Investment property 5 1,588,728 1,588,728
1,589,483 1,589,616

CURRENT ASSETS
Debtors 6 6,056 6,423
Cash at bank 255,364 220,488
261,420 226,911
CREDITORS
Amounts falling due within one year 7 298,494 43,987
NET CURRENT (LIABILITIES)/ASSETS (37,074 ) 182,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,552,409

1,772,540

CREDITORS
Amounts falling due after more than
one year

8

1,450,000

1,717,973
NET ASSETS ATTRIBUTABLE
TO MEMBERS

102,409

54,567

K&H Property Management LLP (Registered number: OC420219)

Balance Sheet - continued
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
LOANS AND OTHER DEBTS
DUE TO MEMBERS

9

102,109

54,267

MEMBERS' OTHER INTERESTS
Capital accounts 300 300
102,409 54,567

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

9

102,109

54,267
Members' other interests 300 300
102,409 54,567

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31st December 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

K&H Property Management LLP (Registered number: OC420219)

Balance Sheet - continued
31st December 2023


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 4th November 2024 and were signed by:




Mrs R K Gill - Designated member




K S Brar - Designated member


K&H Property Management LLP (Registered number: OC420219)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

K&H Property Management LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured as the fair value of the rental income received during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

K&H Property Management LLP (Registered number: OC420219)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 2,419
DEPRECIATION
At 1st January 2023 1,531
Charge for year 133
At 31st December 2023 1,664
NET BOOK VALUE
At 31st December 2023 755
At 31st December 2022 888

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 1,588,728
NET BOOK VALUE
At 31st December 2023 1,588,728
At 31st December 2022 1,588,728

Fair value at 31st December 2023 is represented by:
£   
Cost 1,588,728

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Trade debtors 3,900 4,945
Other debtors 2,156 1,478
6,056 6,423

K&H Property Management LLP (Registered number: OC420219)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 268,913 16,236
Other creditors 29,581 27,751
298,494 43,987

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 267,973
Other creditors 1,450,000 1,450,000
1,450,000 1,717,973

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members are repayable on demand. These amounts rank after all other unsecured creditors in the event of a winding up of the LLP.