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REGISTERED NUMBER: OC416553 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

AMIG LLP

AMIG LLP (REGISTERED NUMBER: OC416553)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


AMIG LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Iqbal Gani
Ali Mohmed
Mrs Rukaya I Gani
Mrs Aysha Mohmed





REGISTERED OFFICE: 364-368 Cranbrook Rd
Gants Hill
Ilford
Essex
IG2 6HY





REGISTERED NUMBER: OC416553 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

AMIG LLP (REGISTERED NUMBER: OC416553)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

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

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

Iqbal Gani
Ali Mohmed
Mrs Rukaya I Gani
Mrs Aysha Mohmed

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £173,565 (2023 - £156,802 profit).

MEMBERS' INTERESTS

DONATIONS
The charitable donations for the year amounted to £550 (2020 - £500).

ON BEHALF OF THE MEMBERS:





Ali Mohmed - Designated member


27 January 2025

AMIG LLP (REGISTERED NUMBER: OC416553)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

31.3.24 31.3.23
£    £   

TURNOVER - -

Administrative expenses 28,221 33,331
(28,221 ) (33,331 )

Other operating income 201,786 190,133
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS





173,565





156,802

AMIG LLP (REGISTERED NUMBER: OC416553)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,300,000 4,300,000

CURRENT ASSETS
Debtors 13,643 43,284
Cash at bank 19,131 1,154
32,774 44,438
CREDITORS
Amounts falling due within one year 5 2,401 2,100
NET CURRENT ASSETS 30,373 42,338
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

4,330,373

4,342,338

AMIG LLP (REGISTERED NUMBER: OC416553)

BALANCE SHEET - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

30,373

42,338

MEMBERS' OTHER INTERESTS
Capital accounts 4,300,000 4,300,000
4,330,373 4,342,338

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 30,373 42,338
Members' other interests 4,300,000 4,300,000
Amounts due from members (13,643 ) (43,284 )
4,316,730 4,299,054

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 March 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 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 27 January 2025 and were signed by:





Iqbal Gani - Designated member

AMIG LLP (REGISTERED NUMBER: OC416553)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

AMIG 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.

Investment property
Investment property is shown at most recent fair 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 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 4,300,000
NET BOOK VALUE
At 31 March 2024 4,300,000
At 31 March 2023 4,300,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 2,401 2,100