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REGISTERED NUMBER: OC446193 (England and Wales)
















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 8 MARCH 2023 TO 31 MARCH 2024

FOR

FARMAN PROPERTY MANAGEMENT LLP

FARMAN PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC446193)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 8 MARCH 2023 TO 31 MARCH 2024










Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


FARMAN PROPERTY MANAGEMENT LLP

GENERAL INFORMATION
FOR THE PERIOD 8 MARCH 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: Mr M Farman
Farman Investment Limited
Ms S Aliakbar





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers Ln
Bexhill-On-Sea
TN39 5ES





REGISTERED NUMBER: OC446193 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

FARMAN PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC446193)

REPORT OF THE MEMBERS
FOR THE PERIOD 8 MARCH 2023 TO 31 MARCH 2024


The members present their report with the financial statements of the LLP for the period 8 March 2023 to 31 March 2024.

INCORPORATION
The LLP was incorporated on 8 March 2023 and commenced trading on 6 April 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of investment property rental.

DESIGNATED MEMBERS
The designated members during the period under review were:

Mr M Farman
Farman Investment Limited
Ms S Aliakbar

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £36,502.

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Mr M Farman - Designated member


29 November 2024

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FARMAN PROPERTY MANAGEMENT LLP



In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Farman Property Management LLP for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Farman Property Management LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Farman Property Management LLP and state those matters that we have agreed to state to the members of Farman Property Management LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Farman Property Management LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Farman Property Management LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Farman Property Management LLP. You consider that Farman Property Management LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Farman Property Management LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES


29 November 2024

FARMAN PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC446193)

INCOME STATEMENT
FOR THE PERIOD 8 MARCH 2023 TO 31 MARCH 2024

£   

TURNOVER -

Administrative expenses 21,458
(21,458 )

Other operating income 57,960
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




36,502

FARMAN PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC446193)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Investment property 4 1,234,500

CURRENT ASSETS
Debtors 1,764

CREDITORS
Amounts falling due within one year 5 960
NET CURRENT ASSETS 804
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,235,304

LOANS AND OTHER DEBTS DUE TO
MEMBERS

804

MEMBERS' OTHER INTERESTS
Capital accounts 1,234,500
1,235,304

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 804
Members' other interests 1,234,500
Amounts due from members (1,764 )
1,233,540

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 period ended 31 March 2024.

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.

FARMAN PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC446193)

BALANCE SHEET - continued
31 MARCH 2024


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

The financial statements were approved by the members of the LLP and authorised for issue on 29 November 2024 and were signed by:





Mr M Farman - Designated member

FARMAN PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC446193)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 8 MARCH 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Farman 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.

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 period was NIL.

4. INVESTMENT PROPERTY
Total
£   
Fair value
Additions 1,234,500
At 31 March 2024 1,234,500
Net book value
At 31 March 2024 1,234,500

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 960