Tasar Properties LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC419861 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TASAR PROPERTIES LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

213

284

Investment property

5

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.

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

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).

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.

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.