REGISTERED NUMBER: |
Kosmaczewski Family Property Group LLP |
Report of the Members and |
Unaudited Financial Statements |
For The Year Ended 5th April 2024 |
REGISTERED NUMBER: |
Kosmaczewski Family Property Group LLP |
Report of the Members and |
Unaudited Financial Statements |
For The Year Ended 5th April 2024 |
Kosmaczewski Family Property Group LLP (Registered number: OC437504) |
Contents of the Financial Statements |
For The Year Ended 5th April 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 4 | to | 5 |
Kosmaczewski Family Property Group LLP |
General Information |
For The Year Ended 5th April 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
310 Wellingborough Road |
Northampton |
NN1 4EP |
Kosmaczewski Family Property Group LLP (Registered number: OC437504) |
Report of the Members |
For The Year Ended 5th April 2024 |
The members present their report with the financial statements of the LLP for the year ended 5th April 2024. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £7,947 (2023 - £1,801 profit). |
MEMBERS' INTERESTS |
STATEMENT OF MEMBERS' RESPONSIBILITIES |
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations. |
Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business. |
The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
ON BEHALF OF THE MEMBERS: |
Kosmaczewski Family Property Group LLP (Registered number: OC437504) |
Balance Sheet |
5th April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
300,805 |
292,858 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
300,805 |
292,858 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 300,805 | 292,858 |
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 were approved by the members of the LLP and authorised for issue on |
Kosmaczewski Family Property Group LLP (Registered number: OC437504) |
Notes to the Financial Statements |
For The Year Ended 5th April 2024 |
1. | STATUTORY INFORMATION |
Kosmaczewski Family Property Group LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
The principal activity of the company in the year under review was that of buying and selling property and holding property for investments. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistency applied to all years presented unless otherwise stated. |
4. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 6th April 2023 |
and 5th April 2024 |
NET BOOK VALUE |
At 5th April 2024 |
At 5th April 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
The capital (whether classified as a liability or equity) of an LLP may be reduced by agreement of the members either by repayment or by the conversion of equity capital into liability capital or other debt. In the absence of agreement to the contrary, unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up. |
9. | CONTINGENT LIABILITIES |
There were no contingent liabilities at 5th April 2024 or 5th April 2023. |
Kosmaczewski Family Property Group LLP (Registered number: OC437504) |
Notes to the Financial Statements - continued |
For The Year Ended 5th April 2024 |
10. | CAPITAL COMMITMENTS |
There were no capital commitments at 5th April 2024 or 5th April 2023. |