55 Property Management Limited Liability Partnership Accounts






55 Property Management Limited Liability Partnership

	Registered No. OC448084
	Information for Filing with the Registrar
		31 March 2026

at	31 March 2026

Registered No.			OC448084	Notes	2026	2025
					£	£
Fixed assets

	Tangible assets			4	1,301,000	1,301,000


					1,301,000	1,301,000
Current assets

	Debtors			5	1,113	2,402

	Cash at bank and in hand				39,281	31,643
					40,394	34,045
Creditors: Amounts falling due within one year				6	(2,160)	(1,260)
Net current assets					38,234	32,785
Total assets less current liabilities					1,339,234	1,333,785
Creditors: Amounts falling due after more than one year				7	(4,250)	(4,250)

Net assets attributable to members					1,334,984	1,329,535

Represented by:

	Members' other interests
		Members' capital			1,308,262	1,307,326

		Other reserves			26,722	22,209
					1,334,984	1,329,535

					1,334,984	1,329,535



These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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 by the Limited Liability Partnerships (Accounts and Audit)(Application of Companies Act 2006) Regulations 2008) relating to small 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.

As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the members on 31 August 2026 and signed on its behalf by:
S. Virji
Designated member
31 August 2026

for the year ended 31 March 2026

General information

55 Property Management Limited Liability Partnership is a limited liability partnership and incorporated in England and Wales.

Its registered number is: OC448084

Its registered office is:

4 Whitchurch Parade

Whitchurch Lane

Edgware

Middlesex

HA8 6LR

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

3	Employees
		2026	2025
		Number	Number

	The average number of persons employed during the year was:	1	1

4	Tangible fixed assets
		Land and buildings	Total
		£	£
	Cost
	At 1 April 2025	1,301,000	1,301,000




	At 31 March 2026	1,301,000	1,301,000
	Depreciation






	Net book values
	At 31 March 2026	1,301,000	1,301,000
	At 31 March 2025	1,301,000	1,301,000

5	Debtors
		2026	2025
		£	£





	Prepayments and accrued income	1,113	2,402
		1,113	2,402

6	Creditors:
	amounts falling due within one year
		2026	2025
		£	£
	Bank loans and overdrafts	-	-






	Accruals and deferred income	2,160	1,260
		2,160	1,260

7	Creditors:
	amounts falling due after more than one year
		2026	2025
		£	£





	Other creditors	4,250	4,250

		4,250	4,250