Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC435698 Padmapriya Rajesh Rajesh Selvam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC435698 2023-03-31 OC435698 2024-03-31 OC435698 2023-04-01 2024-03-31 OC435698 frs-core:Non-currentFinancialInstruments 2024-03-31 OC435698 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC435698 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC435698 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC435698 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC435698 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC435698 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 OC435698 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC435698 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC435698 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC435698 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC435698 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC435698 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC435698 2022-03-31 OC435698 2023-03-31 OC435698 2022-04-01 2023-03-31 OC435698 frs-core:Non-currentFinancialInstruments 2023-03-31 OC435698 frs-core:OtherReservesSubtotal 2022-03-31
Registered number: OC435698
Rajnilaya Group LLP
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
JMS Accounting Services Ltd
485 Catalyst House
720 Centennial Court, Centennial Park
Elstree
Herfordshire
WD6 3SY
Contents
Page
Abridged Statement of Financial Position 1—2
Reconciliation of Members' Interests 3—4
Notes to the Abridged Financial Statements 4—5
Page 1
Abridged Statement of Financial Position
Registered number: OC435698
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,702,991 1,719,856
1,702,991 1,719,856
CURRENT ASSETS
Debtors 59,472 42,689
59,472 42,689
Creditors: Amounts Falling Due Within One Year (9,325 ) (9,325 )
NET CURRENT ASSETS (LIABILITIES) 50,147 33,364
TOTAL ASSETS LESS CURRENT LIABILITIES 1,753,138 1,753,220
Creditors: Amounts Falling Due After More Than One Year (1,013,513 ) (1,013,513 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 739,625 739,707
REPRESENTED BY:
Equity
Members' other interests
Members' capital 739,625 739,707
739,625 739,707
TOTAL MEMBERS' INTEREST
Amounts due from members (58,572) (41,789)
Members' other interests 739,625 739,707
681,053 697,918
Page 1
Page 2
For the year ending 31 March 2024 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Income Statement.
All of the LLP's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the members on 24 July 2024 and were signed on their behalf by:
Rajesh Selvam
Designated Member
24/07/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Members'Capital classified as Equity Other Reserves Total Equity Other amounts Total members' interest
£ £ £ £ £
Amounts due from members - - - (33,358) -
Balance at 1 April 2022 647,051 - 647,051 (33,358) 613,693
Profit/(loss) for the financial year available for discretionary division among members - (8,431 ) (8,431 ) - (8,431 )
Members' interests after profit/(loss) for the year 647,051 (8,431) 638,620 (33,358) 605,262
Other divisions of profits (losses) - 8,431 8,431 (8,431) -
Introduced by members 92,656 - 92,656 - 92,656
Amounts due from members - - - (41,789) -
As at 31 March 2023 and 1 April 2023 739,707 - 739,707 (41,789) 697,918
Profit/(loss) for the financial year available for discretionary division among members - (16,783 ) (16,783 ) - (16,783 )
Members' interests after profit/(loss) for the year 739,707 (16,783) 722,924 (41,789) 681,135
Other divisions of profits (losses) - 16,783 16,783 (16,783) -
Introduced by members (82) - (82) - (82)
Amounts due from members - - - (58,572) -
As at 31 March 2024 739,625 - 739,625 (58,572) 681,053
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Rajnilaya Group LLP is a limited liability partnership, incorporated in England & Wales, registered number OC435698 . The Registered Office is OFFICE 'JMS', 79 College Road, Harrow, HA1 1BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 15% p.a. on net book value
Fixtures & Fittings 15% p.a. on net book value
Computer Equipment 20% p.a. on net book value
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 1,724,146
As at 31 March 2024 1,724,146
Depreciation
As at 1 April 2023 4,290
Provided during the period 16,865
As at 31 March 2024 21,155
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2024 1,702,991
As at 1 April 2023 1,719,856
5. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 1,013,512 1,013,512
Page 5