Registered No. OC352290 (England and Wales)
HV PROPERTIES LLP
Unaudited accounts
for the year ended 28 February 2025
HV PROPERTIES LLP
LLP Information
for the year ended 28 February 2025
Designated members
Mr Kanji Khimji JESANI
Registered Number
OC352290 (England and Wales)
Registered Office
PADMA VILLA
2 REENGLASS ROAD
STANMORE
HA7 4NT
ENGLAND
Accountants
Certax Accounting (Fitzrovia) Limited
85
Tottenham Court Road
London
W1T 4TQ
HV PROPERTIES LLP
Statement of financial position
as at 28 February 2025
Tangible assets
650,000
650,000
Cash at bank and in hand
60,625
57,303
Creditors: amounts falling due within one year
(16,406)
(17,480)
Net current assets
60,059
55,363
Total assets less current liabilities
710,059
705,363
Creditors: amounts falling due after more than one year
(7,000)
(7,000)
Net assets attributable to members
703,059
698,363
Loans and other debts due to members
55,415
50,719
Revaluation reserve
455,732
455,732
Other reserves
191,912
191,912
Loans and other debts due to members
55,415
50,719
Members' other interests
647,644
647,644
For the year ending 28 February 2025 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 19 March 2025.
Mr Vinod Patel
Designated member
Limited Liability Partnership Registration No. OC352290
HV PROPERTIES LLP
Notes to the Accounts
for the year ended 28 February 2025
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members are expected to subscribe a minimum amount of capital and may be invited to contribute more. On retirement, all capital is repaid to the member concerned.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Individual fixed assets costing £0.00 or more are initially recorded at cost.
HV PROPERTIES LLP is a limited liability partnership, incorporated in England and Wales, registration number OC352290. Its registered office is PADMA VILLA, 2 REENGLASS ROAD, STANMORE, HA7 4NT, ENGLAND.
HV PROPERTIES LLP
Notes to the Accounts
for the year ended 28 February 2025
3
Tangible fixed assets
Land & buildings
At 28 February 2025
650,000
At 28 February 2025
650,000
At 29 February 2024
650,000
4
Creditors: amounts falling due within one year
2025
2024
Trade creditors
13,800
13,693
Taxes and social security costs
2,606
3,787
5
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
7,000
7,000
6
Loans and other debts due to members
2025
2024
Amounts due to members in respect of profits
55,415
50,719
Amounts falling due within one year
55,415
50,719
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).