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REGISTERED NUMBER: OC416169 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 5 April 2024

for

Parham Partners LLP

Parham Partners LLP (Registered number: OC416169)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Parham Partners LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: Parhamco Limited
L Rahman
Ms S Yasmin





REGISTERED OFFICE: 183 Caledon Road
London
E6 2EX





REGISTERED NUMBER: OC416169 (England and Wales)





ACCOUNTANTS: Accounting for you
4 Morrab Gardens
Ilford
Essex
IG3 9HL

Parham Partners LLP (Registered number: OC416169)

Report of the Members
for the Year Ended 5 April 2024

The members present their report with the financial statements of the LLP for the year ended 5 April 2024.

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

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

Parhamco Limited
L Rahman
Ms S Yasmin

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £50,669 (2023 - £47,236 profit).

MEMBERS' INTERESTS
Any assets introduced to the LLP or any profits attributable to the member will be credited to the capital account of the member. Drawings and capital repayment will be paid to the members on a basis agreed by the members from time to time.

ON BEHALF OF THE MEMBERS:





L Rahman - Designated member


23 December 2024

Parham Partners LLP (Registered number: OC416169)

Income Statement
for the Year Ended 5 April 2024

5.4.24 5.4.23
Notes £    £   

TURNOVER - -

Administrative expenses 114,130 100,825
(114,130 ) (100,825 )

Other operating income 166,326 148,061
OPERATING PROFIT 4 52,196 47,236


Interest payable and similar expenses 1,527 -
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




50,669




47,236

Parham Partners LLP (Registered number: OC416169)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 157 1,132
Investment property 6 3,175,000 3,175,000
3,175,157 3,176,132

CURRENT ASSETS
Debtors - 975
Cash in hand 29,636 27,726
29,636 28,701
CREDITORS
Amounts falling due within one year 7 9,998 61,406
NET CURRENT ASSETS/(LIABILITIES) 19,638 (32,705 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,194,795

3,143,427

CREDITORS
Amounts falling due after more than one year 8 1,805,990 1,783,750
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,388,805

1,359,677

Parham Partners LLP (Registered number: OC416169)

Balance Sheet - continued
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 1,388,805 1,359,677
1,388,805 1,359,677

TOTAL MEMBERS' INTERESTS
Members' other interests 1,388,805 1,359,677
Amounts due from members - (975 )
1,388,805 1,358,702

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 5 April 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.

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 23 December 2024 and were signed by:





L Rahman - Designated member

Parham Partners LLP (Registered number: OC416169)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Parham Partners 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.

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 - 20% on cost

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 (2023 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

5.4.24 5.4.23
£    £   
Depreciation - owned assets 975 974

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023
and 5 April 2024 4,873
DEPRECIATION
At 6 April 2023 3,741
Charge for year 975
At 5 April 2024 4,716
NET BOOK VALUE
At 5 April 2024 157
At 5 April 2023 1,132

Parham Partners LLP (Registered number: OC416169)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 3,175,000
NET BOOK VALUE
At 5 April 2024 3,175,000
At 5 April 2023 3,175,000

The members have undertaken a valuation of the investment properties and consider that the fair value is unchanged from the previous year.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade creditors 9,998 59,966
Other creditors - 1,440
9,998 61,406

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans 1,805,990 1,783,750

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,805,990 1,783,750