Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC427762 Mr Mohammed Ijaz Mrs Shahida Parveen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC427762 2023-03-31 OC427762 2024-03-31 OC427762 2023-04-01 2024-03-31 OC427762 frs-core:CurrentFinancialInstruments 2024-03-31 OC427762 frs-core:Non-currentFinancialInstruments 2024-03-31 OC427762 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC427762 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC427762 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 OC427762 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC427762 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC427762 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC427762 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC427762 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC427762 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC427762 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC427762 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC427762 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC427762 2022-03-31 OC427762 2023-03-31 OC427762 2022-04-01 2023-03-31 OC427762 frs-core:CurrentFinancialInstruments 2023-03-31 OC427762 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC427762
AII PRIME INVESTMENTS LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Churchill Tax Advisers
361 Green Lane
Ilford
IG3 9TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC427762
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 859,999 859,999
859,999 859,999
Creditors: Amounts Falling Due Within One Year 5 (1,801 ) (1,800 )
NET CURRENT ASSETS (LIABILITIES) (1,801 ) (1,800 )
TOTAL ASSETS LESS CURRENT LIABILITIES 858,198 858,199
Creditors: Amounts Falling Due After More Than One Year 6 (304,166 ) (304,166 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 554,032 554,033
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 163,015 126,871
163,015 126,871
Equity
Members' other interests
Members' capital 391,017 427,162
391,017 427,162
554,032 554,033
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 163,015 126,871
Members' other interests 391,017 427,162
554,032 554,033
Page 1
Page 2
For the year ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Mohammed Ijaz
Designated Member
30/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AII PRIME INVESTMENTS LLP is a limited liability partnership, incorporated in England & Wales, registered number OC427762 . The Registered Office is 100 Humberstone Road, Luton, United Kingdom, LU4 9SS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2023 859,999
As at 31 March 2024 859,999
Net Book Value
As at 31 March 2024 859,999
As at 1 April 2023 859,999
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Other creditors 1,800 1,800
1,801 1,800
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 304,166 304,166
Page 4