Acorah Software Products - Accounts Production 16.0.110 false true false 29 August 2023 5 April 2024 5 April 2024 OC448879 Mr Shafiq Shafi Mrs Saira Shafi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC448879 2023-08-28 OC448879 2024-04-05 OC448879 2023-08-29 2024-04-05 OC448879 frs-core:CurrentFinancialInstruments 2024-04-05 OC448879 frs-core:Non-currentFinancialInstruments 2024-04-05 OC448879 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-05 OC448879 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-29 2024-04-05 OC448879 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-28 OC448879 frs-bus:LimitedLiabilityPartnershipLLP 2023-08-29 2024-04-05 OC448879 frs-bus:LimitedLiabilityPartnershipsSORP 2023-08-29 2024-04-05 OC448879 frs-bus:FilletedAccounts 2023-08-29 2024-04-05 OC448879 frs-bus:SmallEntities 2023-08-29 2024-04-05 OC448879 frs-bus:AuditExempt-NoAccountantsReport 2023-08-29 2024-04-05 OC448879 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-29 2024-04-05 OC448879 frs-countries:EnglandWales 2023-08-29 2024-04-05 OC448879 frs-bus:PartnerLLP1 2023-08-29 2024-04-05 OC448879 frs-bus:PartnerLLP2 2023-08-29 2024-04-05
Registered number: OC448879
S & S Shafi Properties LLP
Unaudited Financial Statements
For the Period 29 August 2023 to 5 April 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: OC448879
5 April 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,773,000
1,773,000
CURRENT ASSETS
Debtors 5 4,158
Cash at bank and in hand 3,376
7,534
Creditors: Amounts Falling Due Within One Year 6 (9,543 )
NET CURRENT ASSETS (LIABILITIES) (2,009 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,770,991
Creditors: Amounts Falling Due After More Than One Year 7 (439,282 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,331,709
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 1,338,154
1,338,154
Equity
Members' other interests
Other reserves (6,445)
(6,445)
1,331,709
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 1,338,154
Members' other interests (6,445)
1,331,709
Page 1
Page 2
For the period 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.
On behalf of the members
Mr Shafiq Shafi
Designated Member
6th November 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
S & S Shafi Properties LLP is a limited liability partnership, incorporated in England & Wales, registered number OC448879 . The Registered Office is 8 Chapel Lane, Leicester, Leicestershire, LE2 3WE.
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 represents rent receivable.
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. Tangible Assets
Investment Properties
£
Cost
As at 29 August 2023 -
Additions 1,773,000
As at 5 April 2024 1,773,000
Net Book Value
As at 5 April 2024 1,773,000
As at 29 August 2023 -
Page 3
Page 4
5. Debtors
5 April 2024
£
Due within one year
Other debtors 4,158
6. Creditors: Amounts Falling Due Within One Year
5 April 2024
£
Bank loans and overdrafts 7,392
Other creditors 2,151
9,543
7. Creditors: Amounts Falling Due After More Than One Year
5 April 2024
£
Bank loans 439,282
Page 4