IRIS Accounts Production v25.4.0.155 OC437896 designated member 1.10.23 31.3.25 31.3.25 0 0 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC437896 2023-09-30 OC437896 2025-03-31 OC437896 2023-10-01 2025-03-31 OC437896 2023-03-31 OC437896 2023-04-01 2023-09-30 OC437896 2023-09-30 OC437896 ns15:EnglandWales 2023-10-01 2025-03-31 OC437896 ns14:PoundSterling 2023-10-01 2025-03-31 OC437896 ns10:PartnerLLP1 2023-10-01 2025-03-31 OC437896 ns10:LimitedLiabilityPartnershipLLP 2023-10-01 2025-03-31 OC437896 ns10:SmallEntities 2023-10-01 2025-03-31 OC437896 ns10:AuditExempt-NoAccountantsReport 2023-10-01 2025-03-31 OC437896 ns10:SmallCompaniesRegimeForAccounts 2023-10-01 2025-03-31 OC437896 ns10:LimitedLiabilityPartnershipsSORP 2023-10-01 2025-03-31 OC437896 ns10:FullAccounts 2023-10-01 2025-03-31 OC437896 ns10:RegisteredOffice 2023-10-01 2025-03-31 OC437896 ns5:CurrentFinancialInstruments 2025-03-31 OC437896 ns5:CurrentFinancialInstruments 2023-09-30 OC437896 ns5:Non-currentFinancialInstruments 2025-03-31 OC437896 ns5:Non-currentFinancialInstruments 2023-09-30 OC437896 ns5:LandBuildings 2023-10-01 2025-03-31 OC437896 ns5:LandBuildings 2023-09-30 OC437896 ns5:LandBuildings 2025-03-31 OC437896 ns5:LandBuildings 2023-09-30

REGISTERED NUMBER: OC437896 (England and Wales)

Unaudited Financial Statements

for the Period 1st October 2023 to 31st March 2025

for

IKSO Property Partnership LLP

| IKSO Property Partnership LLP (Registered number: OC437896) |

Contents of the Financial Statements

for the Period 1st October 2023 to 31st March 2025

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| IKSO Property Partnership LLP |

General Information

for the Period 1st October 2023 to 31st March 2025

| DESIGNATED MEMBERS: | A R Zonfrillo

| Mrs K A Zonfrillo

| IKSO Properties Ltd

| REGISTERED OFFICE: | C/O OCG Accountants Ltd

| Biz Hub Tees Valley

| Belasis Hall Technology Park

| Billingham

| Co. Durham

| TS23 4EA

| REGISTERED NUMBER: | OC437896 (England and Wales)

| ACCOUNTANTS: | OCG Accountants Ltd

| Biz Hub Tees Valley

| Belasis Hall Technology Park

| Coxwold Way

| Billingham

| Co. Durham

| TS23 4EA

| IKSO Property Partnership LLP (Registered number: OC437896) |

Balance Sheet

31st March 2025

| 2025 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 7,571,171 |  | 7,571,171 |  |

CREDITORS

Amounts falling due within one year | 5 | - |  | (180 | ) |

NET CURRENT LIABILITIES | - |  | (180 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,571,171 |  | 7,570,991 |  |

CREDITORS

Amounts falling due after more than one year | 6 | (1,820,167 | ) | (1,820,196 | ) |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 5,751,004 |  | 5,750,795 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | - |  | - |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 5,751,004 |  | 5,750,795 |  |

5,751,004 |  | 5,750,795 |  |

TOTAL MEMBERS' INTERESTS

Members' other interests | 5,751,004 |  | 5,750,795 |  |

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 31st March 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.

| IKSO Property Partnership LLP (Registered number: OC437896) |

Balance Sheet - continued

31st March 2025

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

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 27th January 2026 and were signed by:

A R Zonfrillo - Designated member

| IKSO Property Partnership LLP (Registered number: OC437896) |

Notes to the Financial Statements

for the Period 1st October 2023 to 31st March 2025

1. | STATUTORY INFORMATION

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

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 as modified by the revaluation of certain assets.

| TURNOVER

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| TANGIBLE FIXED ASSETS

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

| Land and buildings | - | in accordance with the property

| HIRE PURCHASE AND LEASING COMMITMENTS

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEE INFORMATION

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

4. | TANGIBLE FIXED ASSETS

| Land and

| buildings

£ |

| COST OR VALUATION

| At 1st October 2023

| and 31st March 2025 | 7,571,171 |  |

| NET BOOK VALUE

| At 31st March 2025 | 7,571,171 |  |

| At 30th September 2023 | 7,571,171 |  |

| Cost or valuation at 31st March 2025 is represented by:

| Land and

| buildings

£ |

| Valuation in 2023 | 458,500 |  |

| Cost | 7,112,671 |  |

7,571,171 |  |

| IKSO Property Partnership LLP (Registered number: OC437896) |

Notes to the Financial Statements - continued

for the Period 1st October 2023 to 31st March 2025

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2023 |

£ | £ |

| Accrued expenses | - |  | 180 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2023 |

£ | £ |

| Other creditors | 1,820,167 |  | 1,820,196 |  |

7. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2023 |

£ | £ |

| Mortgages | 1,820,167 |  | 1,820,196 |  |