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REGISTERED NUMBER: OC422501 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

12I LLP

12I LLP (Registered number: OC422501)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


12I LLP

General Information
for the Year Ended 31 May 2024







DESIGNATED MEMBERS: Mr M J Ismail
Mrs M M Ismail





REGISTERED OFFICE: 6 Greenland Road
Selly Park
Birmingham
B29 7PP





REGISTERED NUMBER: OC422501 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

12I LLP (Registered number: OC422501)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 720,000 545,000

CURRENT ASSETS
Debtors 6 27,880 27,764
Cash at bank 5,637 34,854
33,517 62,618
CREDITORS
Amounts falling due within one year 7 (599 ) (1,199 )
NET CURRENT ASSETS 32,918 61,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

752,918

606,419

CREDITORS
Amounts falling due after more than
one year

8

-

(92,717

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

752,918

513,702

LOANS AND OTHER DEBTS DUE
TO MEMBERS

9

752,918

513,702

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

9

752,918

513,702

12I LLP (Registered number: OC422501)

Balance Sheet - continued
31 May 2024


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 May 2024.

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 23 September 2024 and were signed by:





Mr M J Ismail - Designated member

12I LLP (Registered number: OC422501)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

12I LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 June 2023 545,000
Additions 175,000
At 31 May 2024 720,000
NET BOOK VALUE
At 31 May 2024 720,000
At 31 May 2023 545,000

12I LLP (Registered number: OC422501)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 520 520
Other debtors 27,360 27,244
27,880 27,764

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 599 1,199

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 92,717

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 92,717

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.