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REGISTERED NUMBER: OC454082 (England and Wales)















Unaudited Financial Statements for the Period 11 October 2024 to 5 April 2025

for

Two Aces Properties Chigwell LLP

Two Aces Properties Chigwell LLP (Registered number: OC454082)






Contents of the Financial Statements
for the Period 11 October 2024 to 5 April 2025




Page

Income Statement 1

Balance Sheet 2


Two Aces Properties Chigwell LLP (Registered number: OC454082)

Income Statement
for the Period 11 October 2024 to 5 April 2025

£   

TURNOVER -

Other income 15,000

Other charges (357 )

PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


14,643

Two Aces Properties Chigwell LLP (Registered number: OC454082)

Balance Sheet
5 April 2025

£    £   
FIXED ASSETS 1,380,303

CURRENT ASSETS 15,000

CREDITORS
Amounts falling due within one year (240 )
NET CURRENT ASSETS 14,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,395,063

LOANS AND OTHER DEBTS DUE TO MEMBERS 14,760

MEMBERS' OTHER INTERESTS 1,380,303

1,395,063

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Two Aces Properties Chigwell LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC454082

Registered office: 25 Coolgardie Avenue
Chigwell
Essex
IG7 5AX

2. TRANSFER OF PROPERTY PORTFOLIO

On 28 October 2024 the LLP agreed to transfer its entire property business other than cash as a going concern to Two Aces Property Limited a UK incorporated company CRN:04554369 ("the company" which is under common control of the members of the LLP who are directors of the company.

The sale of letting business by the partners to the company for taxation purposes is deemed to take place
at the market value at the date of sale resulting in a capital gain of £1,380,303. Given the sahres were issued to the LLP in exchange, the disposal falls within the ambit of section 162 TCGA 1992.

As the LLP's only activity was the letting of residential properties and the entirety of business has now been
transferred, the LLP will notcarry on any activity in the future, otherr than holding of shares in the company.

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the period was NIL.



Two Aces Properties Chigwell LLP (Registered number: OC454082)

Balance Sheet - continued
5 April 2025


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 period ended 5 April 2025.

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 micro-entity provisions.

The financial statements were approved by the members of LLP and authorised for the members of the LLP and authorised for issue on 7 June 2025 and were signed by:





M S Aulak - Designated member