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Registered No. OC443114 (England and Wales)
Al Thani 2 Properties Llp Unaudited accounts for the year ended 31 July 2024
Al Thani 2 Properties Llp LLP Information for the year ended 31 July 2024
Designated members
Abdulaziz Eid Al-Thani
Nayla Thamer Al-Thani
Registered Number
OC443114 (England and Wales)
Registered Office
Suite M28, Unimix House, Abbey Road, Park Royal, London NW10 7TR England
Accountants
Shipleys Tax - Chartered Accountants 32 Park Cross Street Leeds West Yorkshire LS1 2QH
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Al Thani 2 Properties Llp Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
7,259,000 
7,259,000 
Current assets
Debtors
(143,836)
- 
Creditors: amounts falling due within one year
(4,877,821)
(242,399)
Net current liabilities
(5,021,657)
(242,399)
Total assets less current liabilities
2,237,343 
7,016,601 
Creditors: amounts falling due after more than one year
(2,372,733)
(7,028,255)
Net liabilities attributable to members
(135,390)
(11,654)
Represented by:
Members' other interests
Other reserves
(135,390)
(11,654)
(135,390)
(11,654)
Total members' interests
Members' other interests
(135,390)
(11,654)
(135,390)
(11,654)
For the year ending 31 July 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 29 April 2025.
Abdulaziz Eid Al-Thani Designated member Limited Liability Partnership Registration No. OC443114
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Al Thani 2 Properties Llp Notes to the Accounts for the year ended 31 July 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.
Turnover
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.
Members' remuneration
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.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
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.
Taxation
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Al Thani 2 Properties Llp Notes to the Accounts for the year ended 31 July 2024
2
Statutory information
Al Thani 2 Properties Llp is a limited liability partnership, incorporated in England and Wales, registration number OC443114. Its registered office is Suite M28, Unimix House,, Abbey Road, Park Royal,, London, NW10 7TR, England.
3
Investment property
2024 
£ 
Fair value at 1 August 2023
7,259,000 
At 31 July 2024
7,259,000 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,844,185 
212,063 
Other creditors
27,036 
27,036 
Accruals
6,600 
3,300 
4,877,821 
242,399 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
4,655,522 
Other creditors
2,372,733 
2,372,733 
2,372,733 
7,028,255 
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 (2023: 2).
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