1 April 2023 false No description of principal activity Taxfiler 2024.6 true OC401214business:LimitedLiabilityPartnershipLLP2023-04-012024-03-31 OC4012142023-03-31 OC4012142023-04-012024-03-31 OC401214business:AuditExemptWithAccountantsReport2023-04-012024-03-31 OC401214business:FullAccounts2023-04-012024-03-31 OC4012142024-03-31 OC401214business:PartnerLLP12023-04-012024-03-31 OC401214business:PartnerLLP22023-04-012024-03-31 OC401214business:PartnerLLP32023-04-012024-03-31 OC401214business:PartnerLLP42023-04-012024-03-31 OC401214business:RegisteredOffice2023-04-012024-03-31 OC4012142023-03-31 OC401214core:WithinOneYear2024-03-31 OC401214core:WithinOneYear2023-03-31 OC401214core:AfterOneYear2024-03-31 OC401214core:AfterOneYear2023-03-31 OC401214core:RetainedEarningsAccumulatedLosses2024-03-31 OC401214core:RetainedEarningsAccumulatedLosses2023-03-31 OC401214business:SmallEntities2023-04-012024-03-31 OC401214countries:EnglandWales2023-04-012024-03-31 OC401214core:AfterOneYear2023-04-012024-03-31 OC4012142022-04-012023-03-31 iso4217:GBP xbrli:pure
Registered No. OC401214 (England and Wales)
Allita Properties LLP Unaudited accounts for the year ended 31 March 2024
Allita Properties LLP LLP Information for the year ended 31 March 2024
Designated members
Mukund Raj Kanoria
Sangita Kanoria
Sanjeev Kanoria
Vatsal Raj Kanoria
Registered Number
OC401214 (England and Wales)
Registered Office
19 Hendon Avenue London N3 1UJ United Kingdom
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Allita Properties LLP Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
4,483,661 
4,483,661 
Current assets
Debtors
20,000 
20,000 
Cash at bank and in hand
45,889 
53,526 
65,889 
73,526 
Creditors: amounts falling due within one year
(163,515)
(120,230)
Net current liabilities
(97,626)
(46,704)
Total assets less current liabilities
4,386,035 
4,436,957 
Creditors: amounts falling due after more than one year
(5,193,497)
(5,081,209)
Net liabilities attributable to members
(807,462)
(644,252)
Represented by:
Members' other interests
Other reserves
(807,462)
(644,252)
(807,462)
(644,252)
Total members' interests
Members' other interests
(807,462)
(644,252)
(807,462)
(644,252)
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 6 March 2025.
Sangita Kanoria Designated member Limited Liability Partnership Registration No. OC401214
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Allita Properties LLP Notes to the Accounts for the year ended 31 March 2024
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on the going concern basis as the members have confirmed they will continue to provide necessary funding in order for the LLP to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the members are satisfied that the financial statements should be prepared on a going concern basis.
Turnover
Turnover is recognised from the property rental during the year to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.
Investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
Financial instruments
The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, cash and cash equivalents, trade and other payables, and loans and borrowings. Financial assets and financial liabilities are recognised when the LLP becomes a party to the contractual provisions of the instruments. Financial assets and financial liabilities are initially measured at fair value. Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments. These include: Trade and other debtors - these are initially recognised at fair value or at their nominal amount less impairment losses if due in less than 12 months. Subsequent to initial recognition, trade and other receivables are valued at amortised cost less impairment losses. Cash and cash equivalents - comprise cash balances and call deposits. The cash and cash equivalents are stated at their nominal values, as this approximates to amortised cost. Other financial liabilities Other financial liabilities are subsequently measured at amortised cost using the effective interest method.
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Allita Properties LLP Notes to the Accounts for the year ended 31 March 2024
2
Statutory information
Allita Properties LLP is a limited liability partnership, incorporated in England and Wales, registration number OC401214. Its registered office is 19 Hendon Avenue, London, N3 1UJ, United Kingdom.
3
Investment property
2024 
£ 
Fair value at 1 April 2023
4,483,661 
At 31 March 2024
4,483,661 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
41,753 
41,754 
Accruals
121,762 
78,476 
163,515 
120,230 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,337,250 
2,337,250 
Other creditors
2,856,247 
2,743,959 
5,193,497 
5,081,209 
The bank loans are secured against the assets of the LLP.
6
Average number of employees
During the year the average number of employees was 0 (2023: 4).
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