Gorasia LLP Filleted Accounts Cover
Gorasia LLP
Registered No. OC314693
Information for Filing with the Registrar
31 August 2023
Gorasia LLP Balance Sheet Registrar
at
31 August 2023
Registered No.
OC314693
Notes
2023
2022
£
£
Fixed assets
Investment property
4
805,717
805,717
805,717
805,717
Current assets
Debtors
5
2,492
-
Cash at bank and in hand
94,477
15,325
96,969
15,325
Creditors: Amounts falling due within one year
6
(169,581)
(166,273)
Net current liabilities
(72,612)
(150,948)
Total assets less current liabilities
733,105
654,769
Creditors: Amounts falling due after more than one year
7
(252,425)
(258,448)
Net assets attributable to members
480,680
396,321
Represented by:
Loans and other debts due to members
384,149
117,205
Members' other interests
Members' capital
369,714
369,714
Other reserves
(273,183)
(90,598)
96,531
279,116
480,680
396,321
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the year ended 31 August 2023 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 30 August 2024 and signed on its behalf by:
N. Gorasia
Designated member
30 August 2024
Gorasia LLP Notes to the Accounts Registrar
for the year ended 31 August 2023
1
General information
Gorasia LLP is a limited liability partnership and incorporated in England and Wales.
Its registered number is: OC314693
Its registered office is:
201 Moss Lane
Pinner
Middlesex
HA5 3BE
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.
2
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.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average number of persons employed during the year was:
0
0
4
Investment property
Freehold Investment Property
£
Valuation
At 1 September 2022
805,717
At 31 August 2023
805,717
5
Debtors
2023
2022
£
£
Trade debtors
2,492-
2,492-
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
--
Trade creditors
5,5505,521
Other taxes and social security
3,6802,716
Other creditors
147,126158,036
Accruals and deferred income
13,225-
169,581166,273
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Other creditors
252,425258,448
252,425258,448
8
Loans and other debts due to members
2023
2022
£
£
Loans from members
384,149
117,205
384,149
117,205
Amounts falling due within one year
384,149
-
384,149
117,205
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