| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Period 11 October 2024 to 5 April 2025 |
| for |
| Two Aces Properties Chigwell LLP |
| REGISTERED NUMBER: |
| 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 |
| Other charges | ( |
) |
| PROFIT FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
| Two Aces Properties Chigwell LLP (Registered number: OC454082) |
| Balance Sheet |
| 5 April 2025 |
| £ | £ |
| FIXED ASSETS |
| CURRENT ASSETS |
| CREDITORS |
| Amounts falling due within one year | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| 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: |
| Registered office: |
| 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 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 were approved by the members of LLP and authorised for the members of the LLP and authorised for issue on |