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Registered number: OC448152
Rayan Properties Investments LLP
Unaudited Financial Statements
For the Period 11 July 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC448152
31 March 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 1,935,000
1,935,000
CURRENT ASSETS
Debtors 5 5,464
5,464
Creditors: Amounts Falling Due Within One Year 6 (2,504 )
NET CURRENT ASSETS (LIABILITIES) 2,960
TOTAL ASSETS LESS CURRENT LIABILITIES 1,937,960
Creditors: Amounts Falling Due After More Than One Year 7 (1,080,213 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 857,747
REPRESENTED BY:
Equity
Members' other interests
Members' capital 857,747
857,747
TOTAL MEMBERS' INTEREST
Amounts due from members (4,464)
Members' other interests 857,747
853,283
Page 1
Page 2
For the period ending 31 March 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
Manoochehr Jafari -Nahad
Designated Member
2 July 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
Rayan Properties Investments LLP is a limited liability partnership, incorporated in England & Wales, registered number OC448152 . The Registered Office is 5th Floor, 167-169 Great Portland Street, London, England.
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
Revenue is recognised to the extent that the LLP obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the
term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
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: 2
2
4. Investment Property
31 March 2024
£
Fair Value
As at 11 July 2023 -
Additions 1,935,000
As at 31 March 2024 1,935,000
Page 3
Page 4
5. Debtors
31 March 2024
£
Due within one year
Other debtors 1,000
Amounts due from members 4,464
5,464
6. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Amount due to members 1,597
Accruals and deferred income 907
2,504
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024
£
Bank loans 1,080,213
8. Secured Creditors
Of the creditors the following amounts are secured.
31 March 2024
£
Bank loans and overdrafts 1,080,213
Page 4