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REGISTERED NUMBER: OC447241 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 9 MAY 2023 TO 31 MARCH 2024

FOR

ABAC PROPERTY MANAGEMENT LLP

ABAC PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC447241)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 9 MAY 2023 TO 31 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABAC PROPERTY MANAGEMENT LLP

GENERAL INFORMATION
FOR THE PERIOD 9 MAY 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: Mr A Carnovale
Mr A M Blaug





REGISTERED OFFICE: Unit 2.02,
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: OC447241 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

ABAC PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC447241)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Investments 4 490,619
Investment property 5 2,682,963
3,173,582

CURRENT ASSETS
Debtors 23,704
Cash at bank 37
23,741
CREDITORS
Amounts falling due within one year 6 5,948
NET CURRENT ASSETS 17,793
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,191,375

ABAC PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC447241)

BALANCE SHEET - continued
31 MARCH 2024

Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

25,756

MEMBERS' OTHER INTERESTS
Capital accounts 3,165,619
3,191,375

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 25,756
Members' other interests 3,165,619
Amounts due from members (23,704 )
3,167,671

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 period ended 31 March 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 December 2024 and were signed by:





Mr A Carnovale - Designated member

ABAC PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC447241)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 9 MAY 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

ABAC Property Management 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.

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 period was NIL.

4. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost
Additions 490,619
At 31 March 2024 490,619
Net book value
At 31 March 2024 490,619

5. INVESTMENT PROPERTY
Total
£   
Fair value
Additions 2,682,963
At 31 March 2024 2,682,963
Net book value
At 31 March 2024 2,682,963

ABAC PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC447241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9 MAY 2023 TO 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 4,748
Accruals and deferred income 1,200
5,948

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

This is not loan to members, this is the current accounts of designated partners.