REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 31 May 2024 |
for |
Ram Sasi LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 31 May 2024 |
for |
Ram Sasi LLP |
Ram Sasi LLP (Registered number: OC437667) |
Contents of the Financial Statements |
for the Year Ended 31 May 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Reconciliation of Members' Interests | 5 |
Notes to the Financial Statements | 7 |
Ram Sasi LLP |
General Information |
for the Year Ended 31 May 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants (ICAEW) |
Brunel House |
11 The Promenade |
Clifton Down |
Bristol |
BS8 3NG |
Ram Sasi LLP (Registered number: OC437667) |
Report of the Members |
for the Year Ended 31 May 2024 |
The members present their report with the financial statements of the LLP for the year ended 31 May 2024. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £30,538 (2023 - £35,521 profit). |
MEMBERS' INTERESTS |
ON BEHALF OF THE MEMBERS: |
Ram Sasi LLP (Registered number: OC437667) |
Income Statement |
for the Year Ended 31 May 2024 |
2024 | 2023 |
£ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
Ram Sasi LLP (Registered number: OC437667) |
Balance Sheet |
31 May 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
46,457 |
35,464 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
46,457 |
35,464 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 46,457 | 35,464 |
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 were approved by the members of the LLP and authorised for issue on |
Ram Sasi LLP (Registered number: OC437667) |
Reconciliation of Members' Interests |
for the Year Ended 31 May 2024 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 35,464 |
Amount due from members | - |
Balance at 1 June 2023 | - | 35,464 | 35,464 |
Profit for the financial year available for discretionary division among members |
30,538 |
- |
30,538 |
Members' interests after profit for the year |
30,538 |
35,464 |
66,002 |
Other divisions of profit | (30,538 | ) | 30,538 | - |
Drawings on account and distributions of profit |
- |
(19,545 |
) |
(19,545 |
) |
Amount due to members | 46,457 |
Amount due from members | - |
Balance at 31 May 2024 | - | 46,457 | 46,457 |
Ram Sasi LLP (Registered number: OC437667) |
Reconciliation of Members' Interests |
for the Year Ended 31 May 2024 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 10,236 |
Amount due from members | - |
Balance at 1 June 2022 | - | 10,236 | 10,236 |
Profit for the financial year available for discretionary division among members |
35,521 |
- |
35,521 |
Members' interests after profit for the year |
35,521 |
10,236 |
45,757 |
Other divisions of profit | (35,521 | ) | 35,521 | - |
Drawings on account and distributions of profit |
- |
(10,293 |
) |
(10,293 |
) |
Amount due to members | 35,464 |
Amount due from members | - |
Balance at 31 May 2023 | - | 35,464 | 35,464 |
Ram Sasi LLP (Registered number: OC437667) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
1. | STATUTORY INFORMATION |
Ram Sasi 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 |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Loan to Sasiram Limited | 37,000 | - |
Prepayments |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Accrued expenses |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |