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REGISTERED NUMBER: OC421466 (England and Wales)


















Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Provident Family Partnership LLP

Provident Family Partnership LLP (Registered number: OC421466)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Provident Family Partnership LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: A Choudhury
Provident Family Holdings Ltd





REGISTERED OFFICE: 16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL





REGISTERED NUMBER: OC421466 (England and Wales)





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

Provident Family Partnership LLP (Registered number: OC421466)

Report of the Members
for the Year Ended 31 March 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of Property Rental

DESIGNATED MEMBERS
The designated members during the year under review were:

A Choudhury
Provident Family Holdings Ltd

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £129,902 (2023 - £119,510 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





A Choudhury - Designated member


29 January 2025

Provident Family Partnership LLP (Registered number: OC421466)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
£    £   

TURNOVER 293,966 243,440

Administrative expenses (92,659 ) (51,827 )
OPERATING PROFIT 201,307 191,613


Interest payable and similar expenses (71,405 ) (72,103 )
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




129,902




119,510

Provident Family Partnership LLP (Registered number: OC421466)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,725,000 4,725,000

CURRENT ASSETS
Cash at bank - 28,526
NET CURRENT ASSETS - 28,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,725,000

4,753,526

CREDITORS
Amounts falling due after more than one
year

5

2,448,566

2,435,977
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,276,434

2,317,549

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

2,276,434

2,317,549

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 2,276,434 2,317,549

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 29 January 2025 and were signed by:





A Choudhury - Designated member

Provident Family Partnership LLP (Registered number: OC421466)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Provident Family Partnership 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 4,725,000
NET BOOK VALUE
At 31 March 2024 4,725,000
At 31 March 2023 4,725,000

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 2,448,566 2,435,977

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.