Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC435137 Mr A A Inglot Mrs E Inglot iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC435137 2023-03-31 OC435137 2024-03-31 OC435137 2023-04-01 2024-03-31 OC435137 frs-core:Non-currentFinancialInstruments 2024-03-31 OC435137 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC435137 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC435137 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 OC435137 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC435137 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC435137 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC435137 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC435137 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC435137 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC435137 frs-core:Non-currentFinancialInstruments 1 2024-03-31 OC435137 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC435137 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC435137 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC435137 2022-03-31 OC435137 2023-03-31 OC435137 2022-04-01 2023-03-31 OC435137 frs-core:CurrentFinancialInstruments 2023-03-31 OC435137 frs-core:Non-currentFinancialInstruments 2023-03-31 OC435137 frs-core:Non-currentFinancialInstruments 1 2023-03-31
Registered number: OC435137
Ingland Property LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC435137
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,599,236 2,599,236
2,599,236 2,599,236
CURRENT ASSETS
Cash at bank and in hand 15,394 7,304
15,394 7,304
Creditors: Amounts Falling Due Within One Year 5 - (5,550 )
NET CURRENT ASSETS (LIABILITIES) 15,394 1,754
TOTAL ASSETS LESS CURRENT LIABILITIES 2,614,630 2,600,990
Creditors: Amounts Falling Due After More Than One Year 6 (1,184,000 ) (1,184,000 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,430,630 1,416,990
REPRESENTED BY:
Equity
Members' other interests
Other reserves 1,430,630 1,416,990
1,430,630 1,416,990
TOTAL MEMBERS' INTEREST
Members' other interests 1,430,630 1,416,990
1,430,630 1,416,990
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 A A Inglot
Designated Member
31 December 2024
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
Ingland Property LLP is a limited liability partnership, incorporated in England & Wales, registered number OC435137 . The Registered Office is 339 Chiswick High Road, London, W4 4HS.
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 represents residential rental income.
2.3. Tangible Fixed Assets and Depreciation
Freehold and long leasehold properties are shown at the partners' original cost.
No depreciation is provided on the freehold and long leasehold properties as it is considered that market value exceeds cost.
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 2,599,236
As at 31 March 2024 2,599,236
Net Book Value
As at 31 March 2024 2,599,236
As at 1 April 2023 2,599,236
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Sundry creditors and accruals - 2,400
Rents in advance - 3,150
- 5,550
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Mortgages 1,184,000 1,184,000
First charges over relevant properties.
7. Related Party Transactions
Division of profits
2024
2023
£
£
A A Inglot
30,296
20,084
Mrs E Inglot
30,296
20,084
A T Inglot
18,737
11,412
D Inglot
45,628
image
37,216
image
124,957
image
88,796
image
Page 4