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REGISTERED NUMBER: OC316768 (England and Wales)















SHREESAII LLP

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






SHREESAII LLP (REGISTERED NUMBER: OC316768)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Reconciliation of Members' Interests 7

Notes to the Financial Statements 9


SHREESAII LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DESIGNATED MEMBERS: R S Vora
Mrs N Vora
R R Vora





REGISTERED OFFICE: 2nd Floor, One Hobbs House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: OC316768 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

SHREESAII LLP (REGISTERED NUMBER: OC316768)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 DECEMBER 2023


The members present their report with the financial statements of the LLP for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property trading.

DESIGNATED MEMBERS
The designated members during the year under review were:

R S Vora
Mrs N Vora
R R Vora

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £32,321 (2022 - £54,123 profit).

MEMBERS' INTERESTS
The members' drawing policy allows each member to draw a proportion of their profit share, subject to the
cash requirements of the business. A member's capital requirement is linked to their share of profit and the financing requirement of the limited liability partnership. There is no opportunity for appreciation of the capital subscribed. Just as incoming members introduce their capital at "par", so the retiring members are repaid their capital at "par".

ON BEHALF OF THE MEMBERS:





R S Vora - Designated member


25 September 2024

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SHREESAII LLP



In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Shreesaii LLP for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Shreesaii LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shreesaii LLP and state those matters that we have agreed to state to the members of Shreesaii LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shreesaii LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Shreesaii LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shreesaii LLP. You consider that Shreesaii LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shreesaii LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX


25 September 2024

SHREESAII LLP (REGISTERED NUMBER: OC316768)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
Notes £    £   

TURNOVER 182,446 156,924

Administrative expenses 58,420 54,332
OPERATING PROFIT 124,026 102,592


Interest payable and similar expenses 91,705 48,469
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



32,321



54,123

SHREESAII LLP (REGISTERED NUMBER: OC316768)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 2,668,311 2,668,311
Debtors 5 14,631 18,369
Cash at bank 9,272 -
2,692,214 2,686,680
CREDITORS
Amounts falling due within one year 6 92,100 56,578
NET CURRENT ASSETS 2,600,114 2,630,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,600,114

2,630,102

CREDITORS
Amounts falling due after more than one year 7 2,136,675 2,173,911
NET ASSETS ATTRIBUTABLE TO MEMBERS 463,439 456,191

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

257,439

250,191

MEMBERS' OTHER INTERESTS
Capital accounts 206,000 206,000
463,439 456,191

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 257,439 250,191
Members' other interests 206,000 206,000
463,439 456,191

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 December 2023.

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.

SHREESAII LLP (REGISTERED NUMBER: OC316768)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 25 September 2024 and were signed by:





R S Vora - Designated member

SHREESAII LLP (REGISTERED NUMBER: OC316768)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 DECEMBER 2023


EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
£    £    £   
Balance at 1 January 2023 206,000 - 206,000
Profit for the financial year available for discretionary
division among members

-

32,321

32,321
Members' interests after profit for the year 206,000 32,321 238,321
Other divisions of profit - (32,321 ) (32,321 )
Introduced by members - - -
Drawings on account and distributions of profit - - -
Balance at 31 December 2023 206,000 - 206,000

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members 250,191
Amount due from members -
Balance at 1 January 2023 250,191 456,191
Profit for the financial year available for discretionary
division among members

-

32,321

Members' interests after profit for the year 250,191 488,512
Other divisions of profit 32,321 -
Introduced by members 58,148 58,148
Drawings on account and distributions of profit (83,221 ) (83,221 )
Amount due to members 257,439
Amount due from members -
Balance at 31 December 2023 257,439 463,439

SHREESAII LLP (REGISTERED NUMBER: OC316768)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 DECEMBER 2023

EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
£    £    £   
Balance at 1 January 2022 206,000 - 206,000
Profit for the financial year available for discretionary
division among members

-

54,123

54,123
Members' interests after profit for the year 206,000 54,123 260,123
Other divisions of profit - (54,123 ) (54,123 )
Introduced by members - - -
Drawings on account and distributions of profit - - -
Balance at 31 December 2022 206,000 - 206,000

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members 269,421
Amount due from members -
Balance at 1 January 2022 269,421 475,421
Profit for the financial year available for discretionary
division among members

-

54,123

Members' interests after profit for the year 269,421 529,544
Other divisions of profit 54,123 -
Introduced by members 32,537 32,537
Drawings on account and distributions of profit (105,890 ) (105,890 )
Amount due to members 250,191
Amount due from members -
Balance at 31 December 2022 250,191 456,191

SHREESAII LLP (REGISTERED NUMBER: OC316768)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Shreesaii 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.

Revenues are recognised when the rental properties are occupied by tenants.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2022 - 3 ) .

4. INFORMATION IN RELATION TO MEMBERS

2023 2022

The average number of members during the year was 3 3

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 14,631 18,369

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 85,476 50,545
Other creditors 6,624 6,033
92,100 56,578

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 2,136,675 2,173,911

SHREESAII LLP (REGISTERED NUMBER: OC316768)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 1,706,603 1,929,985

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,222,151 2,224,385

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 257,439 250,191

Falling due within one year 257,439 250,191

Loan and other debts due to members rank in subordination to Bank Loans. Other creditors are unsecured.

Bank Loans are secured by individual fixed charges over the stock of properties.

The ability of the Members to reduce the Capital Accounts, Members Loans and Other Debts Due To Members are restricted to amounts in excess of the net unrealised equity in the Stock of Properties introduced to the Limited Liability Partnership. The minimum amount of Loans and Other Debts Due to Members has to be maintained at £206,000.

10. RELATED PARTY DISCLOSURES

At the year-end date, included within Other Debtors is an amount of £10,805 (2022: £12,805) due from Asra
Management Services LLP, an entity in which the Members have a beneficial interest. This amount is unsecured, interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is R S Vora.