K.H.A PASHCO PROPERTY LLP Filleted Accounts Cover |
Registered No. OC440721 | |||||||||
K.H.A PASHCO PROPERTY LLP Balance Sheet Registrar |
at | ||||||||||
Registered No. | Notes | 2024 | 2023 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Investment property | 5 | 4,404,000 | 4,895,000 | |||||||
4,404,000 | 4,895,000 | |||||||||
Current assets | ||||||||||
Debtors | 6 | 1,188 | - | |||||||
Cash at bank and in hand | 2,898 | 62,126 | ||||||||
4,086 | 62,126 | |||||||||
Creditors: Amounts falling due within one year | 7 | (38,220) | (365,578) | |||||||
Net current liabilities | (34,134) | (303,452) | ||||||||
Total assets less current liabilities | 4,369,866 | 4,591,548 | ||||||||
Creditors: Amounts falling due after more than one year | 8 | (3,095,545) | (2,747,109) | |||||||
Net assets attributable to members | 1,274,321 | 1,844,439 | ||||||||
Represented by: | ||||||||||
Loans and other debts due to members | (374,316) | (250,720) | ||||||||
Members' other interests | ||||||||||
Members' capital | 2,058,969 | 2,058,969 | ||||||||
Other reserves | (410,332) | 36,190 | ||||||||
1,648,637 | 2,095,159 | |||||||||
1,274,321 | 1,844,439 | |||||||||
Approved by the members on 03 January 2025 and signed on its behalf by: | ||||||||||
R.J. Saul | ||||||||||
Designated member | ||||||||||
03 January 2025 |
K.H.A PASHCO PROPERTY LLP Notes to the Accounts Registrar |
for the year ended 5 April 2024 | ||||||||||||||||
1 | General information | |||||||||||||||
K.H.A PASHCO PROPERTY LLP is a limited liability partnership and incorporated in England and Wales. | ||||||||||||||||
Its registered number is: OC440721 | ||||||||||||||||
Its registered office is: | ||||||||||||||||
2 | Accounting policies |
Turnover | ||||||||||||||||
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated client rebates and other similar allowances. Revenue from a contract to provide services is recognised when all the following conditions are satisfied: • the amount of the revenue can be measured reliably; • it is probable that the company will receive the consideration due under the contract; • the stage of completion of the contract can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. | ||||||||||||||||
Members' remuneration and division of profits | ||||||||||||||||
Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account. In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense. Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'. | ||||||||||||||||
Freehold investment property | ||||||||||||||||
No depreciation is provided in respect of investment properties. | ||||||||||||||||
Trade and other debtors | ||||||||||||||||
Trade and other creditors | ||||||||||||||||
Provisions | ||||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||||
Members' Interests | ||||||||||||||||
Members' interests are classified as either equity or debt. Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves. Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members. | ||||||||||||||||
Taxation | ||||||||||||||||
3 | Information in relation to members | |||||||||||||||
2024 | 2023 | |||||||||||||||
Number | Number | |||||||||||||||
The average number of members during the year : | 4 | 4 | ||||||||||||||
4 | Employees | |||||||||||||||
2024 | 2023 | |||||||||||||||
Number | Number | |||||||||||||||
The average number of persons employed during the year was: | ||||||||||||||||
5 | Investment property | |||||||||||||||
Freehold Investment Property | ||||||||||||||||
£ | ||||||||||||||||
Valuation | ||||||||||||||||
At 6 April 2023 | ||||||||||||||||
Revaluation | ( | |||||||||||||||
At 5 April 2024 | ||||||||||||||||
The properties were valued by the members |
6 | Debtors | |||||||||||||||
2024 | 2023 | |||||||||||||||
£ | £ | |||||||||||||||
Prepayments and accrued income | ||||||||||||||||
7 | Creditors: | |||||||||||||||
amounts falling due within one year | ||||||||||||||||
2024 | 2023 | |||||||||||||||
£ | £ | |||||||||||||||
Bank loan | ||||||||||||||||
Other creditors | ||||||||||||||||
Accruals and deferred income | ||||||||||||||||
8 | Creditors: | |||||||||||||||
amounts falling due after more than one year | ||||||||||||||||
2024 | 2023 | |||||||||||||||
£ | £ | |||||||||||||||
Bank loans | ||||||||||||||||
Other loans | ||||||||||||||||
Liabilities repayable in more than five years after the balance sheet date | ||||||||||||||||
Amount repayable other than by instalments | 3,095,545 | 2,747,109 | ||||||||||||||
9 | Creditors: borrowings | |||||||||||||||
2024 | 2023 | |||||||||||||||
£ | £ | |||||||||||||||
The aggregate amount of secured liabilities included within creditors falling due within and after one year | ||||||||||||||||
10 | Loans and other debts due to members | |||||||||||||||
2024 | 2023 | |||||||||||||||
£ | £ | |||||||||||||||
Loans from members | (169,729) | 72,935 | ||||||||||||||
Amounts due to members in respect of profits | (204,587) | (323,655) | ||||||||||||||
(374,316) | (250,720) | |||||||||||||||
Amounts falling due within one year | (374,316) | (250,720) | ||||||||||||||
(374,316) | (250,720) | |||||||||||||||