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REGISTERED NUMBER: OC424461 (England and Wales)















EPSD LLP

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






EPSD LLP (REGISTERED NUMBER: OC424461)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EPSD LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DESIGNATED MEMBERS: Mrs H K Dhaliwal
E P S Dhaliwal





REGISTERED OFFICE: 2nd Floor, One Hobbs House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: OC424461 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

EPSD LLP (REGISTERED NUMBER: OC424461)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220 632
Investments 5 100,000 100,000
100,220 100,632

CURRENT ASSETS
Stocks 922,559 922,559
Debtors 6 44,038 43,500
Cash at bank 15,844 13,724
982,441 979,783
CREDITORS
Amounts falling due within one year 7 8,711 28,576
NET CURRENT ASSETS 973,730 951,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,073,950

1,051,839

CREDITORS
Amounts falling due after more than one year 8 796,175 735,635
NET ASSETS ATTRIBUTABLE TO MEMBERS 277,775 316,204

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

277,775

316,204

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 277,775 316,204

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 30 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.

EPSD LLP (REGISTERED NUMBER: OC424461)

BALANCE SHEET - continued
30 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 26 January 2025 and were signed by:





E P S Dhaliwal - Designated member

EPSD LLP (REGISTERED NUMBER: OC424461)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

EPSD 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the properties are occupied.

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 cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cash at bank and in hand
Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 1,651
DEPRECIATION
At 1 May 2023 1,019
Charge for year 412
At 30 April 2024 1,431
NET BOOK VALUE
At 30 April 2024 220
At 30 April 2023 632

EPSD LLP (REGISTERED NUMBER: OC424461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 100,000
NET BOOK VALUE
At 30 April 2024 100,000
At 30 April 2023 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 44,038 43,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 5,651 25,726
Other creditors 3,060 2,850
8,711 28,576

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 796,175 735,635

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 767,599 538,112

Repayable by instalments
Bank loans - More than 5 years - 6,271

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 5,651 25,726

Amounts falling due between one and two years:
Bank loans - 1-2 years 11,730 53,601

EPSD LLP (REGISTERED NUMBER: OC424461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. LOANS - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 16,846 137,651

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans 767,599 538,112

Repayable by instalments
Bank loans - More than 5 years - 6,271

10. SECURED DEBTS

Bank loans are secured against the individual properties.

11. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Loans from members 47,147 48,240
Amounts owed to members in respect of profits 230,628 267,964
277,775 316,204

Falling due within one year 230,628 267,964
Falling due after more than one year 47,147 48,240
277,775 316,204

Loan and other debts due to members rank in subordination to Other Creditors. Other Creditors are unsecured.
There are no restrictions on the ability of the Members to reduce the amounts of Members other interests.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E P S Dhaliwal.