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REGISTERED NUMBER: OC439465 (England and Wales)










Unaudited Financial Statements

for the Year Ended 5 April 2024

for

Myriad Enterprise LLP

Myriad Enterprise LLP (Registered number: OC439465)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Myriad Enterprise LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: A K Abhol
N Abhol
Myriad Property Ltd





REGISTERED OFFICE: Oaklea House
46 Coatham Road
Redcar
TS10 1RS





REGISTERED NUMBER: OC439465 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Myriad Enterprise LLP (Registered number: OC439465)

Balance Sheet
5 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 157 236
Investment property 5 881,278 610,000
881,435 610,236

CREDITORS
Amounts falling due within one year 6 (1,686 ) (1,560 )
NET CURRENT LIABILITIES (1,686 ) (1,560 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

879,749

608,676

CREDITORS
Amounts falling due after more than one year 7 (476,180 ) (296,653 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

403,569

312,023

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

403,569

312,023

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 403,569 312,023

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 5 April 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.

Myriad Enterprise LLP (Registered number: OC439465)

Balance Sheet - continued
5 April 2024


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 2 December 2024 and were signed by:





A K Abhol - Designated member

Myriad Enterprise LLP (Registered number: OC439465)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Myriad Enterprise 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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 6 April 2023
and 5 April 2024 394
DEPRECIATION
At 6 April 2023 158
Charge for year 79
At 5 April 2024 237
NET BOOK VALUE
At 5 April 2024 157
At 5 April 2023 236

Myriad Enterprise LLP (Registered number: OC439465)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023 610,000
Additions 251,278
Revaluations 20,000
At 5 April 2024 881,278
NET BOOK VALUE
At 5 April 2024 881,278
At 5 April 2023 610,000

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 1,686 1,560

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 476,180 296,653

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 476,180 296,653

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 476,180 296,653

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.