Gorasia LLP Filleted Accounts Cover |
Registered No. OC314693 | |||||||||
Gorasia LLP Balance Sheet Registrar |
at | ||||||||||
Registered No. | 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 | |||||||||
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: | ||||||||||||||||
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 | ||||||||||||||||
Trade and other debtors | ||||||||||||||||
Trade and other creditors | ||||||||||||||||
3 | Employees | |||||||||||||||
2023 | 2022 | |||||||||||||||
Number | Number | |||||||||||||||
The average number of persons employed during the year was: | ||||||||||||||||
4 | Investment property | |||||||||||||||
Freehold Investment Property | ||||||||||||||||
£ | ||||||||||||||||
Valuation | ||||||||||||||||
At 1 September 2022 | ||||||||||||||||
At 31 August 2023 | ||||||||||||||||
5 | Debtors | |||||||||||||||
2023 | 2022 | |||||||||||||||
£ | £ | |||||||||||||||
Trade debtors | ||||||||||||||||
6 | Creditors: | |||||||||||||||
amounts falling due within one year | ||||||||||||||||
2023 | 2022 | |||||||||||||||
£ | £ | |||||||||||||||
Bank loans and overdrafts | ||||||||||||||||
Trade creditors | ||||||||||||||||
Other taxes and social security | ||||||||||||||||
Other creditors | ||||||||||||||||
Accruals and deferred income | ||||||||||||||||
7 | Creditors: | |||||||||||||||
amounts falling due after more than one year | ||||||||||||||||
2023 | 2022 | |||||||||||||||
£ | £ | |||||||||||||||
Other creditors | ||||||||||||||||
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 | |||||||||||||||