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REGISTERED NUMBER: OC426651 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

IPROPERTY VENTURES LONDON LLP

IPROPERTY VENTURES LONDON LLP (REGISTERED NUMBER: OC426651)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


IPROPERTY VENTURES LONDON LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mrs S Duwadi
Mr S Duwadi
iProperty Ventures Ltd





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





REGISTERED NUMBER: OC426651 (England and Wales)





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

IPROPERTY VENTURES LONDON LLP (REGISTERED NUMBER: OC426651)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,127 9,502
Investment property 5 3,800,000 3,800,000
3,807,127 3,809,502

CURRENT ASSETS
Debtors 26,704 16,934

CREDITORS
Amounts falling due within one year 6 7,862 6,492
NET CURRENT ASSETS 18,842 10,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,825,969

3,819,944

CREDITORS
Amounts falling due after more than one
year

7

7,714

10,034
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,818,255

3,809,910

LOANS AND OTHER DEBTS DUE TO
MEMBERS

18,255

9,910

MEMBERS' OTHER INTERESTS
Capital accounts 3,800,000 3,800,000
3,818,255 3,809,910

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 18,255 9,910
Members' other interests 3,800,000 3,800,000
Amounts due from members (26,704 ) (16,934 )
3,791,551 3,792,976

IPROPERTY VENTURES LONDON LLP (REGISTERED NUMBER: OC426651)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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.

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 31 January 2025 and were signed by:





Mrs S Duwadi - Designated member

IPROPERTY VENTURES LONDON LLP (REGISTERED NUMBER: OC426651)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

IProperty Ventures London 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 April 2023
and 31 March 2024 700 16,500 17,200
Depreciation
At 1 April 2023 479 7,219 7,698
Charge for year 55 2,320 2,375
At 31 March 2024 534 9,539 10,073
Net book value
At 31 March 2024 166 6,961 7,127
At 31 March 2023 221 9,281 9,502

IPROPERTY VENTURES LONDON LLP (REGISTERED NUMBER: OC426651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 3,800,000
Net book value
At 31 March 2024 3,800,000
At 31 March 2023 3,800,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 2,320 2,320
Other creditors 5,542 4,172
7,862 6,492

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 7,714 10,034

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 7,714 10,034