IRIS Accounts Production v25.4.0.155 OC419861 designated member 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC419861 2023-03-31 OC419861 2024-03-31 OC419861 2023-04-01 2024-03-31 OC419861 2022-03-31 OC419861 2022-04-01 2023-03-31 OC419861 2023-03-31 OC419861 ns15:EnglandWales 2023-04-01 2024-03-31 OC419861 ns14:PoundSterling 2023-04-01 2024-03-31 OC419861 ns10:PartnerLLP1 2023-04-01 2024-03-31 OC419861 ns10:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC419861 ns10:SmallEntities 2023-04-01 2024-03-31 OC419861 ns10:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC419861 ns10:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC419861 ns10:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC419861 ns10:AbridgedAccounts 2023-04-01 2024-03-31 OC419861 ns10:PartnerLLP2 2023-04-01 2024-03-31 OC419861 ns10:RegisteredOffice 2023-04-01 2024-03-31 OC419861 ns5:CurrentFinancialInstruments 2024-03-31 OC419861 ns5:CurrentFinancialInstruments 2023-03-31 OC419861 ns5:Non-currentFinancialInstruments 2024-03-31 OC419861 ns5:Non-currentFinancialInstruments 2023-03-31 OC419861 ns5:MotorVehicles 2023-04-01 2024-03-31 OC419861 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2024-03-31 OC419861 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2023-03-31 OC419861 ns5:Secured 2024-03-31 OC419861 ns5:Secured 2023-03-31

REGISTERED NUMBER: OC419861 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2024 |

| FOR |

| TASAR PROPERTIES LLP |

| TASAR PROPERTIES LLP (REGISTERED NUMBER: OC419861) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2024

Page |

| General Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| TASAR PROPERTIES LLP |

GENERAL INFORMATION

for the year ended 31 March 2024

| DESIGNATED MEMBERS: | Mr R J Schwartz

| Alpan Properties Limited

| REGISTERED OFFICE: | 19-20 Bourne Court

| Southend Road

| Woodford Green

| Essex

| IG8 8HD

| REGISTERED NUMBER: | OC419861 (England and Wales)

| ACCOUNTANTS: | Raffingers Holdings Limited

| Chartered Accountants

| 19-20 Bourne Court

| Southend Road

| Woodford Green

| Essex

| IG8 8HD

| TASAR PROPERTIES LLP (REGISTERED NUMBER: OC419861) |

ABRIDGED BALANCE SHEET

31 March 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 213 |  | 284 |  |

Investment property | 5 | 16,168,976 |  | 16,168,976 |  |

16,169,189 |  | 16,169,260 |  |

CURRENT ASSETS

Debtors | 1,718 |  | 1,950 |  |

Cash at bank and in hand | 36,094 |  | 55,968 |  |

37,812 |  | 57,918 |  |

CREDITORS

Amounts falling due within one year | 464,546 |  | 481,977 |  |

NET CURRENT LIABILITIES | (426,734 | ) | (424,059 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 15,742,455 |  | 15,745,201 |  |

CREDITORS

Amounts falling due after more than one year | 6 | 3,034,611 |  | 3,244,781 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 12,707,844 |  | 12,500,420 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 12,707,844 |  | 12,500,420 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 8 | 12,707,844 |  | 12,500,420 |  |

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 year ended 31 March 2024.

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.

| TASAR PROPERTIES LLP (REGISTERED NUMBER: OC419861) |

ABRIDGED BALANCE SHEET - continued

31 March 2024

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 2 January 2026 and were signed by:

Mr R J Schwartz - Designated member

| TASAR PROPERTIES LLP (REGISTERED NUMBER: OC419861) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2024

1. | STATUTORY INFORMATION

| Tasar Properties LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover relates to rental income receivable.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Motor vehicles | - | 25% on reducing balance

| Investment property

| Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. 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.

| Short term debtors and creditors

| Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

| Loans and borrowings

| Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was NIL (2023 - NIL).

| TASAR PROPERTIES LLP (REGISTERED NUMBER: OC419861) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2024

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 April 2023

| and 31 March 2024 | 900 |  |

| DEPRECIATION

| At 1 April 2023 | 616 |  |

| Charge for year | 71 |  |

| At 31 March 2024 | 687 |  |

| NET BOOK VALUE

| At 31 March 2024 | 213 |  |

| At 31 March 2023 | 284 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2023

| and 31 March 2024 | 16,168,976 |  |

| NET BOOK VALUE

| At 31 March 2024 | 16,168,976 |  |

| At 31 March 2023 | 16,168,976 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |

2024 | 2023 |

£ | £ |

| Repayable otherwise than by instalments

| Bank loans | 1,121,212 |  | 1,119,540 |  |

| Repayable by instalments

| Bank loans | 1,006,743 |  | 1,129,862 |  |

7. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Bank loans | 3,293,138 |  | 3,551,521 |  |

| Bank loans and mortgages are secured over the properties to which they relate.

| TASAR PROPERTIES LLP (REGISTERED NUMBER: OC419861) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2024

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Loans and other debts due to members are unsecured.

9. | RELATED PARTY DISCLOSURES

| At the balance sheet date, the LLP owed £31,000 (2023 - £11,000) to Riks Developments Limited, a company which is controlled by Mr R J Schwartz. The company also owed £128,600 (2023 - £115,000) to G R S Property Investments Limited, a company owned jointly by Mr R J Schwartz and his brother.

| During the year, the LLP was charged £40,000 (2023 - £40,000) by Riks Developments Limited and G R S Property Investments Limited in relation to property management.