Malik Property Rentals LLP - Filleted accounts

Registered number

OC448299

Malik Property Rentals LLP

Unaudited Filleted Accounts

31 March 2026

Malik Property Rentals LLP
Registered number:		OC448299
Balance Sheet
as at 31 March 2026
Notes		2026		2025
£			£
Fixed assets
Tangible assets	3	2,810,000		2,810,000
Current assets
Debtors	4	26,585		17,950
Cash at bank and in hand		13,722		35,533
		40,307		53,483

Creditors: amounts falling due within one year	5	(1,130)		(5,630)

Net current assets		39,177		47,853

Total assets less current liabilities		2,849,177		2,857,853

Creditors: amounts falling due after more than one year	6	(2,686,718)		(2,686,718)


Net assets attributable to members		162,459		171,135

Represented by:
Loans and other debts due to members	7	162,459		171,135


		162,459		171,135

Total members' interests
Loans and other debts due to members	7	162,459		171,135

		162,459		171,135

For the year ended 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 28 May 2026 and signed on their behalf by:


S Malik
Designated member

Malik Property Rentals LLP
Notes to the Accounts
for the year ended 31 March 2026

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the LLP		0		0


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 April 2025				2,810,000
	At 31 March 2026				2,810,000

	Depreciation
	At 31 March 2026				-

	Net book value
	At 31 March 2026				2,810,000
	At 31 March 2025				2,810,000


4	Debtors		2026		2025
£				£

	Trade debtors		6,085		450
	Other debtors		20,500		17,500
			26,585		17,950


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Accrued Income and Deposits		500		5,000
	Other creditors		630		630
			1,130		5,630


6	Creditors: amounts falling due after one year		2026		2025
£				£

	Other creditors		2,686,718		2,686,718


7	Loans and other debts due to members		2026		2025
£				£

	Amounts due to members in respect of profits		162,459		171,135

	Amounts falling due within one year		162,459		171,135

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


8	Other information

	Malik Property Rentals LLP is a limited liability partnership incorporated in England. Its registered office is:
	22 Stapleton Road
	Easton
	Bristol
	BS5 0QX