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Registered Number: OC448449
England and Wales

 

 

 

IKEK PROPERTY INVESTMENT LLP


Abridged Accounts
 


Period of accounts

Start date: 01 August 2023

End date: 31 August 2024
Chartered Accountant's report to the Members on the preparation of the unaudited statutory accounts of Ikek Property Investment LLP for the period ended 31 August 2024


Chartered Accountants report to the members of Ikek Property Investment LLP on the preparation of the unaudited statutory financial statements for the year ended 31 August 2024

To assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Ikek Property Investment LLP  which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the LLPs accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Ikek Property Investment LLP, as a body, in accordance with the terms of our engagement letter dated 28 April 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Ikek Property Investment LLP and state those matters that we have agreed to state to the members of Ikek Property Investment LLP, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ikek Property Investment LLP and its members as a body, for our work or for this report.

It is your duty to ensure that Ikek Property Investment LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ikek Property Investment LLP. You consider that Ikek Property Investment LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ikek Property Investment LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
aa Chartered Accountants
5 Blenheim Court
Peppercorn Close
Peterborough
PE1 2DU
28 April 2025
1
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 2,017,113 
2,017,113 
Current assets    
Cash at bank and in hand (500)
Creditors: amount falling due within one year (1,800)
Net current assets (2,300)
 
Total assets less current liabilities 2,014,813 
Creditors: amount falling due after more than one year (1,140,269)
Net assets 874,544 
 

Represented by:
Members' other interest
Members' capital 847,503 
Other reserves 27,041 
874,544 

874,544 
 

Total members' interests
Members' other interests 874,544 
874,544 
 


For the period ending 31 August 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 LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.


The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:


.............................................................................

Designated Member
Date approved by the members: 28 April 2025
2
General Information
Ikek Property Investment LLP is a limited liability partnership, registered in England and Wales, registration number OC448449, registration address 5 Blenheim Court, Peppercorn Close, Peterborough, PE1 2DU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the period was 2.
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 August 2023  
Additions 2,017,113    2,017,113 
Disposals  
At 31 August 2024 2,017,113    2,017,113 
Depreciation
At 01 August 2023  
Charge for period  
On disposals  
At 31 August 2024  
Net book values
Closing balance as at 31 August 2024 2,017,113    2,017,113 
Opening balance as at 01 August 2023  


4.

Members' Interests

Members' capital   Other reserves   Total  
Profit for the period available for discretionary division among members   27,041    27,041   
Members' interests after profit for the period   27,041    27,041   
Introduced by members 847,503      847,503   
Balance at 31 August 2024 847,503    27,041    874,544   
 



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