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Registered Number: OC431052


 

 

 

IKAROS PROPERTY LETTINGS LLP


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 5,728,016    5,727,491 
5,728,016    5,727,491 
Current assets      
Debtors 14,666    5,847 
Cash at bank and in hand 6,775    34,727 
21,441    40,574 
Creditors: amount falling due within one year (17,080)   (18,098)
Net current assets 4,361    22,476 
 
Total assets less current liabilities 5,732,377    5,749,967 
Creditors: amount falling due after more than one year (2,469,559)   (2,469,559)
Net assets 3,262,818    3,280,408 
 

Represented by:
Loans and other debts due to members   22,476 
Amounts due from members (26,187)  
Members' other interest
Members' capital 2,700,943    2,669,870 
Reserves 588,062    588,062 
Other reserves  
3,289,005    3,257,932 

3,262,818    3,280,408 
 

Total members' interests
Amounts due from members (26,187)  
Loans and other debts due to members   22,476 
Members' other interests 3,289,005    3,257,932 
3,262,818    3,280,408 
 


For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.


The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:


.............................................................................
Dr Joseph POULLIS
Designated Member
Date approved by the members: 14 January 2025
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General Information
IKAROS PROPERTY LETTINGS LLP is a limited liability partnership, registered in , registration number OC431052, registration address Southgate Office Village,, 286b Chase Road, Southgate, London, N14 6HF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the rent receivables.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 April 2023 5,727,491      5,727,491 
Additions   700    700 
Disposals    
At 31 March 2024 5,727,491    700    5,728,191 
Depreciation
At 01 April 2023    
Charge for year   175    175 
On disposals    
At 31 March 2024   175    175 
Net book values
Closing balance as at 31 March 2024 5,727,491    525    5,728,016 
Opening balance as at 01 April 2023 5,727,491      5,727,491 


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