T&S PROPERTY EMPIRE LLP - Accounts to registrar (filleted) - small 18.2

T&S PROPERTY EMPIRE LLP - Accounts to registrar (filleted) - small 18.2

T&S PROPERTY EMPIRE LLP - Company Information

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REGISTERED NUMBER: OC426657 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

T&S PROPERTY EMPIRE LLP
T&S PROPERTY EMPIRE LLP (REGISTERED NUMBER: OC426657)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


T&S PROPERTY EMPIRE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DESIGNATED MEMBERS: Mr O M Alli-Usman
Mrs I G Alli-Usman
TSPM Limited





REGISTERED OFFICE: Fifth Floor
11 Leadenhall Street
London
EC3V 1LP





REGISTERED NUMBER: OC426657 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES
Page 1
T&S PROPERTY EMPIRE LLP (REGISTERED NUMBER: OC426657)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,375,000 1,375,000

CURRENT ASSETS
Debtors 12,854 -
Cash at bank - 48,624
12,854 48,624
CREDITORS
Amounts falling due within one year 5 1,200 18,726
NET CURRENT ASSETS 11,654 29,898
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
1,386,654
1,404,898

The notes form part of these financial statements

Page 2 continued...
T&S PROPERTY EMPIRE LLP (REGISTERED NUMBER: OC426657)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2022

2022 2021
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS
11,654
29,898

MEMBERS' OTHER INTERESTS
Capital accounts 1,375,000 1,375,000
1,386,654 1,404,898

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11,654 29,898
Members' other interests 1,375,000 1,375,000
Amounts due from members (12,854 ) -
1,373,800 1,404,898

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 2022.

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 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 26 May 2022 and were signed by:





Mr O M Alli-Usman - Designated member

The notes form part of these financial statements

Page 3
T&S PROPERTY EMPIRE LLP (REGISTERED NUMBER: OC426657)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

T&S PROPERTY EMPIRE 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.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2021 - 2 ).

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2021
and 31 March 2022 1,375,000
Net book value
At 31 March 2022 1,375,000
At 31 March 2021 1,375,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other creditors 1,200 18,726

Page 4