Registered number
OC413735
The Ishaq Property Partnership LLP
Filleted Accounts
31 March 2024
The Ishaq Property Partnership LLP
Registered number: OC413735
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 6,118,500 6,118,500
Creditors: amounts falling due within one year 4 (7,960) (7,960)
Net current liabilities (7,960) (7,960)
Total assets less current liabilities 6,110,540 6,110,540
Net assets attributable to members 6,110,540 6,110,540
Represented by:
Loans and other debts due to members 5 (108,500) (108,500)
Members' other interests
Members' capital classified as equity 6,097,685 6,097,685
Other reserves 121,355 121,355
6,219,040 6,219,040
6,110,540 6,110,540
Total members' interests
Loans and other debts due to members 5 (108,500) (108,500)
Members' other interests 6,219,040 6,219,040
6,110,540 6,110,540
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.
These accounts were approved by the members on 28 March 2025 and signed on their behalf by:
Ishaq Mohammad
Designated member
The Ishaq Property Partnership 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 the FRS 102 and the Statement of Recommended Practice (SORP), "Accounting by Limited Liability Partnerships".
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 1 1
3 Fixed asset investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 6,118,500
At 31 March 2024 6,118,500
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 7,960 7,960
5 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits (108,500) (108,500)
Amounts falling due within one year (108,500) (108,500)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Other information
The Ishaq Property Partnership LLP is a limited liability partnership incorporated in England. Its registered office is:
50 Woodgate
Leicester
LE3 5GF
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