IRIS Accounts Production v24.1.0.578 OC412542 designated member 6.4.23 5.4.24 5.4.24 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4125422023-04-05OC4125422024-04-05OC4125422023-04-062024-04-05OC4125422022-04-05OC4125422022-04-062023-04-05OC4125422023-04-05OC412542ns15:EnglandWales2023-04-062024-04-05OC412542ns14:PoundSterling2023-04-062024-04-05OC412542ns10:Director12023-04-062024-04-05OC412542ns10:LimitedLiabilityPartnershipLLP2023-04-062024-04-05OC412542ns10:SmallEntities2023-04-062024-04-05OC412542ns10:AuditExempt-NoAccountantsReport2023-04-062024-04-05OC412542ns10:SmallCompaniesRegimeForAccounts2023-04-062024-04-05OC412542ns10:LimitedLiabilityPartnershipsSORP2023-04-062024-04-05OC412542ns10:FullAccounts2023-04-062024-04-05OC412542ns10:Director22023-04-062024-04-05OC412542ns10:Director32023-04-062024-04-05OC412542ns10:Director42023-04-062024-04-05OC412542ns10:RegisteredOffice2023-04-062024-04-05OC412542ns5:CurrentFinancialInstruments2024-04-05OC412542ns5:CurrentFinancialInstruments2023-04-05OC412542ns5:Non-currentFinancialInstruments2024-04-05OC412542ns5:Non-currentFinancialInstruments2023-04-05OC412542ns5:PlantMachinery2023-04-062024-04-05OC412542ns5:PlantMachinery2023-04-05OC412542ns5:PlantMachinery2024-04-05OC412542ns5:PlantMachinery2023-04-05OC412542ns5:CostValuation2023-04-05OC412542ns5:AdditionsToInvestments2024-04-05OC412542ns5:DisposalsRepaymentsInvestments2024-04-05OC412542ns5:RevaluationsIncreaseDecreaseInInvestments2024-04-05OC412542ns5:CostValuation2024-04-05OC412542ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-05OC412542ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-05OC412542ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-04-05OC412542ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-04-05OC412542ns5:Secured2024-04-05OC412542ns5:Secured2023-04-05
REGISTERED NUMBER: OC412542 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Oak Narwana LLP

Oak Narwana LLP (Registered number: OC412542)

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


Oak Narwana LLP

General Information
for the year ended 5 April 2024







DESIGNATED MEMBERS: A N Gupta
Dr R Barathan
Dr N Gupta
V K Gupta





REGISTERED OFFICE: 7 Bell Yard
London
WC2A 2JR





REGISTERED NUMBER: OC412542 (England and Wales)





ACCOUNTANTS: Marshall & Co
Chartered Accountants
& Chartered Tax Advisers
The Bloc
Springfield Way
Anlaby
Kingston upon Hull
East Yorkshire
HU10 6RJ

Oak Narwana LLP (Registered number: OC412542)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,752 20,617
Investments 5 483,470 4,086,958
Investment property 6 18,202,265 18,572,523
18,702,487 22,680,098

CURRENT ASSETS
Debtors 7 425,299 461,321
Cash at bank 72,225 69,484
497,524 530,805
CREDITORS
Amounts falling due within one year 8 12,978 28,096
NET CURRENT ASSETS 484,546 502,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,187,033

23,182,807

CREDITORS
Amounts falling due after more than one year 9 6,294,044 6,741,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

12,892,989

16,441,807

Oak Narwana LLP (Registered number: OC412542)

Balance Sheet - continued
5 April 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 12,892,989 16,441,807
12,892,989 16,441,807

TOTAL MEMBERS' INTERESTS
Members' other interests 12,892,989 16,441,807

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.

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 28 January 2025 and were signed by:





A N Gupta - Designated member

Oak Narwana LLP (Registered number: OC412542)

Notes to the Financial Statements
for the year ended 5 April 2024


1. STATUTORY INFORMATION

Oak Narwana 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.
Plant and machinery etc - 25% on reducing balance

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.

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - NIL ) .

Oak Narwana LLP (Registered number: OC412542)

Notes to the Financial Statements - continued
for the year ended 5 April 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023
and 5 April 2024 75,355
DEPRECIATION
At 6 April 2023 54,738
Charge for year 3,865
At 5 April 2024 58,603
NET BOOK VALUE
At 5 April 2024 16,752
At 5 April 2023 20,617

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 6 April 2023 4,086,958
Additions 115
Disposals (11,680 )
Revaluations (3,591,923 )
At 5 April 2024 483,470
NET BOOK VALUE
At 5 April 2024 483,470
At 5 April 2023 4,086,958

Cost or valuation at 5 April 2024 is represented by:

Other
investments
£   

Oak Narwana LLP (Registered number: OC412542)

Notes to the Financial Statements - continued
for the year ended 5 April 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023 18,572,523
Additions 53,966
Disposals (1,311,824 )
Revaluations 887,600
At 5 April 2024 18,202,265
NET BOOK VALUE
At 5 April 2024 18,202,265
At 5 April 2023 18,572,523

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2019 1,995,427
Valuation in 2020 (537,555 )
Valuation in 2021 (1,853,560 )
Valuation in 2022 1,505,187
Valuation in 2023 2,510,000
Valuation in 2024 (242,599 )
Cost 14,825,365
18,202,265

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 18,774 26,225
Other debtors 18,085 39,842
36,859 66,067

Amounts falling due after more than one year:
Other debtors 388,440 395,254

Aggregate amounts 425,299 461,321

Oak Narwana LLP (Registered number: OC412542)

Notes to the Financial Statements - continued
for the year ended 5 April 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,892 28,043
Taxation and social security 3,996 -
Other creditors 1,090 53
12,978 28,096

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,294,044 6,741,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 6,294,044 6,741,000