IRIS Accounts Production v24.3.2.46 OC428192 designated member 1.4.23 31.3.24 31.3.24 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4281922023-03-31OC4281922024-03-31OC4281922023-04-012024-03-31OC4281922022-03-31OC4281922022-04-012023-03-31OC4281922023-03-31OC428192ns15:EnglandWales2023-04-012024-03-31OC428192ns14:PoundSterling2023-04-012024-03-31OC428192ns10:PartnerLLP12023-04-012024-03-31OC428192ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC428192ns10:SmallEntities2023-04-012024-03-31OC428192ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC428192ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC428192ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC428192ns10:FullAccounts2023-04-012024-03-31OC428192ns10:RegisteredOffice2023-04-012024-03-31OC428192ns5:CurrentFinancialInstruments2024-03-31OC428192ns5:CurrentFinancialInstruments2023-03-31OC428192ns5:Non-currentFinancialInstruments2024-03-31OC428192ns5:Non-currentFinancialInstruments2023-03-31OC428192ns5:RevaluationReserve2024-03-31OC428192ns5:RevaluationReserve2023-03-31OC428192ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31OC428192ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31OC428192ns5:RevaluationReserve2023-04-012024-03-31
REGISTERED NUMBER: OC428192 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SHEDGUM PROPERTIES LLP

SHEDGUM PROPERTIES LLP (REGISTERED NUMBER: OC428192)






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


SHEDGUM PROPERTIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mohammad H Khankhara
Mrs Latifa Khankhara





REGISTERED OFFICE: 3 Airlie Gardens
Ilford
United Kingdom
Essex
IG1 4LB





REGISTERED NUMBER: OC428192 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

SHEDGUM PROPERTIES LLP (REGISTERED NUMBER: OC428192)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,900,000 4,781,904

CURRENT ASSETS
Debtors 5 - 677,740
Cash at bank 60,479 174,540
60,479 852,280
CREDITORS
Amounts falling due within one year 6 15,978 18,268
NET CURRENT ASSETS 44,501 834,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,944,501

5,615,916

CREDITORS
Amounts falling due after more than one
year

7

594,458

2,991,580
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,350,043

2,624,336

SHEDGUM PROPERTIES LLP (REGISTERED NUMBER: OC428192)

BALANCE SHEET - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

142,291

421,293

MEMBERS' OTHER INTERESTS
Capital accounts 798,847 2,203,043
Revaluation reserve 8 408,905 -
1,350,043 2,624,336

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 142,291 421,293
Members' other interests 1,207,752 2,203,043
1,350,043 2,624,336

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:



Mohammad H Khankhara - Designated member

SHEDGUM PROPERTIES LLP (REGISTERED NUMBER: OC428192)

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

1. STATUTORY INFORMATION

Shedgum Properties 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 year was NIL (2023 - 1 ).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 4,781,904
Reclassification/transfer (2,881,904 )
At 31 March 2024 1,900,000
NET BOOK VALUE
At 31 March 2024 1,900,000
At 31 March 2023 4,781,904

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 677,740

SHEDGUM PROPERTIES LLP (REGISTERED NUMBER: OC428192)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 3,413
Taxation and social security 13,248 13,055
Other creditors 2,730 1,800
15,978 18,268

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 594,458 2,991,580

8. RESERVES
Revaluati
reserve
£   
No description 408,905
At 31 March 2024 408,905