Rangan Property Services LLP - Accounts to registrar (filleted) - small 18.2

Rangan Property Services LLP - Accounts to registrar (filleted) - small 18.2

RANGAN PROPERTY SERVICES LLP - Company Information

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REGISTERED NUMBER: OC328273 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2019

for

Rangan Property Services LLP
Rangan Property Services LLP (Registered number: OC328273)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rangan Property Services LLP

General Information
for the Year Ended 31 March 2019







DESIGNATED MEMBERS: Dr A Rangan
Mrs S Rangan
Rangan MS Limited





REGISTERED OFFICE: 7 Bankside
The Watermark
Gateshead
Tyne and Wear
NE11 9SY





REGISTERED NUMBER: OC328273 (England and Wales)





ACCOUNTANTS: Flannagans - Gateshead
7 Bankside
The Watermark
Gateshead
NE11 9SY
Page 1
Rangan Property Services LLP (Registered number: OC328273)

Balance Sheet
31 March 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 652,777 652,777

CURRENT ASSETS
Cash at bank 54,004 24,602

CREDITORS
Amounts falling due within one year 4 840 720
NET CURRENT ASSETS 53,164 23,882
TOTAL ASSETS LESS CURRENT
LIABILITIES
705,941
676,659

CREDITORS
Amounts falling due after more than one
year
5
197,874
197,874
NET ASSETS ATTRIBUTABLE TO
MEMBERS
508,067
478,785

LOANS AND OTHER DEBTS DUE TO
MEMBERS
153,689
124,407

MEMBERS' OTHER INTERESTS
Capital accounts 354,378 354,378
508,067 478,785

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 153,689 124,407
Members' other interests 354,378 354,378
508,067 478,785

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 2019.

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 notes form part of these financial statements

Page 2 continued...
Rangan Property Services LLP (Registered number: OC328273)

Balance Sheet - continued
31 March 2019


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 on 23 December 2019 and were signed by:





Dr A Rangan - Designated member

The notes form part of these financial statements

Page 3
Rangan Property Services LLP (Registered number: OC328273)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

Rangan Property Services 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.

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

3. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2018
and 31 March 2019 652,777
NET BOOK VALUE
At 31 March 2019 652,777
At 31 March 2018 652,777

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other creditors 840 720

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans 197,874 197,874

Amounts falling due in more than five years:

Repayable otherwise than by instalments
First Choice Mortgage 197,874 197,874

Page 4