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REGISTERED NUMBER: OC444062 (England and Wales)










Financial Statements

for the Year Ended 31 March 2024

for

Khan Investments Partnership LLP

Khan Investments Partnership LLP (Registered number: OC444062)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Khan Investments Partnership LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: J Khan
Mrs T J Khan
Porterhouse Residential Limited





REGISTERED OFFICE: 4 Wadlands Rise
Farsley
Pudsey
Leeds
West Yorkshire
LS28 5JF





REGISTERED NUMBER: OC444062 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

Khan Investments Partnership LLP (Registered number: OC444062)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,605,000 4,155,000

CURRENT ASSETS
Debtors 5 605 -

CREDITORS
Amounts falling due within one year 6 (8,341 ) (8,225 )
NET CURRENT LIABILITIES (7,736 ) (8,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,597,264

4,146,775

CREDITORS
Amounts falling due after more than one year 7 (1,866,908 ) (2,291,944 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,730,356

1,854,831

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,730,356

1,854,831

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,730,356 1,854,831

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 year 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.

Khan Investments Partnership LLP (Registered number: OC444062)

Balance Sheet - continued
31 March 2024


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 17 January 2025 and were signed by:





J Khan - Designated member

Khan Investments Partnership LLP (Registered number: OC444062)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Khan Investments Partnership 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023 4,155,000
Disposals (550,000 )
At 31 March 2024 3,605,000
NET BOOK VALUE
At 31 March 2024 3,605,000
At 31 March 2023 4,155,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 605 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 6,806 6,806
Accrued expenses 1,535 1,419
8,341 8,225

Khan Investments Partnership LLP (Registered number: OC444062)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 25,046 30,967
Other creditors 1,841,862 2,260,977
1,866,908 2,291,944

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,806 6,806

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,806 6,806

Amounts falling due between two and five years:
Bank loans 18,240 24,161

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 1,841,862 2,260,977

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.