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Registered Number: OC426640
England and Wales

 

 

 


Reports of the Members and Unaudited Financial Statements

for the year ended 31 March 2024

for

WISE PROPERTY MANAGEMENT LLP

 
 

 
2024
£
  2023
£
Fixed assets
Financial assets 2 1,325,000    1,325,000 
1,325,000    1,325,000 
Current assets
Debtors 64,092    54,092 
Cash at bank and in hand 45,692    15,303 
109,784    69,395 
Creditors: amount falling due within one year (13,643)   (14,065)
Net current assets/(liabilities) 96,141    55,330 
 
Total assets less current liabilities 1,421,141    1,380,330 
Creditors: amount falling due after more than one year (8,555)   (13,486)
Net assets/(liabilities) 1,412,586    1,366,844 
 

Represented by:
Loans and other debts due to members 108,026    79,211 
Members' other interest
Members' capital 1,287,633    1,287,633 
Other reserves 16,927   
1,304,560    1,287,633 

1,412,586    1,366,844 
 

Total members' interests
Loans and other debts due to members 108,026    79,211 
Members' other interests 1,304,560    1,287,633 
1,412,586    1,366,844 
 
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The 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 in accordance with the micro-entity provisions.
These accounts were approved by the members and signed on their behalf by:


----------------------------------
Fereshteh Sheikh Ahmadian
Designated Member

Date approved: 31 January 2025
1
Statutory Information
WISE PROPERTY MANAGEMENT LLP is a limited liability partnership, domiciled in England and Wales, registration number OC426640, registration address Unit 2.02 High Weald House, Glovers End, Bexhill, East Sussex, TN39 5ES, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
2.

Financial assets

Cost or Valuation Investment in property   Total
  £   £
At 01 April 2023 1,325,000    1,325,000 
Additions  
At 31 March 2024 1,325,000    1,325,000 
Depreciation
At 01 April 2023  
At 31 March 2024  
Net book values
At 31 March 2024 1,325,000    1,325,000 
At 01 April 2023 1,325,000    1,325,000 
3.

Members' Interest

Represented by: Total
£
Loans and other debts due to members 108,026 
Members' other interest
Members' capital 1,287,633 
Other reserves 16,927 
1,304,560 
1,412,586 
Total members' interests
Loans and other debts due to members 108,026 
Members' other interests 1,304,560 
1,412,586 
4.

Average number of employees

Average number of employees during the year was 0  (2023: 0).
2