Registered No. OC389078 (England and Wales)
A K Property Portfolio LLP
Unaudited accounts
for the year ended 5 April 2026
A K Property Portfolio LLP
LLP Information
for the year ended 5 April 2026
Designated members
Mrs Theeradge Kaur
Registered Number
OC389078 (England and Wales)
Registered Office
326-330 Hucknall Road
Sherwood
Nottingham
Nottinghamshire
NG5 1FS
UK
Accountants
Net Accountancy Solutions Limited
12 Harles Acres
Hickling
Melton Mowbray
LEICESTERSHIRE
LE14 3AF
A K Property Portfolio LLP
Statement of financial position
as at 5 April 2026
Tangible assets
16,141
1,668
Investment property
2,530,795
2,704,797
Cash at bank and in hand
28,848
161,443
Creditors: amounts falling due within one year
(923,091)
(168,320)
Net current (liabilities)/assets
(512,483)
216,506
Total assets less current liabilities
2,034,453
2,922,971
Creditors: amounts falling due after more than one year
-
(864,848)
Net assets attributable to members
2,034,453
2,058,123
Loans and other debts due to members
1,888,235
1,911,905
Revaluation reserve
146,218
146,218
Loans and other debts due to members
1,888,235
1,911,905
Members' other interests
146,218
146,218
For the year ending 5 April 2026 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) 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.
These 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.
Approved by the members on 21 September 2026.
Mr Gurmit Singh Landa
Designated member
Limited Liability Partnership Registration No. OC389078
A K Property Portfolio LLP
Notes to the Accounts
for the year ended 5 April 2026
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.
The accounts are presented in £ sterling.
Rent receivable is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
A K Property Portfolio LLP is a limited liability partnership, incorporated in England and Wales, registration number OC389078. Its registered office is 326-330 Hucknall Road, Sherwood, Nottingham, Nottinghamshire, NG5 1FS, UK.
A K Property Portfolio LLP
Notes to the Accounts
for the year ended 5 April 2026
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 6 April 2025
14,151
-
14,151
At 5 April 2026
14,151
19,854
34,005
At 6 April 2025
12,483
-
12,483
Charge for the year
418
4,963
5,381
At 5 April 2026
12,901
4,963
17,864
At 5 April 2026
1,250
14,891
16,141
At 5 April 2025
1,668
-
1,668
Fair value at 6 April 2025
2,704,797
5
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
862,874
103,440
Trade creditors
1,890
22,311
Taxes and social security costs
6,869
(812)
Other creditors
19,134
27,582
Deferred income
22,253
15,199
6
Creditors: amounts falling due after more than one year
2026
2025
The bank loans are secured on the properties to which they relate.
A K Property Portfolio LLP
Notes to the Accounts
for the year ended 5 April 2026
7
Loans and other debts due to members
2026
2025
Amounts due to members in respect of profits
1,888,235
1,911,905
Amounts falling due within one year
1,888,235
1,911,905
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
8
Transactions with related parties
Included in other debtors is an amount of £285,500 (2025: £183,467) owed by Hillcrest Nottingham Ltd, a company controlled by Mr G S Landa, managing partner. The loan is interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2025: 0).