Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 7 April 2022 false 1 May 2023 5 April 2024 5 April 2024 OC441867 Laukesh Rallan Myrto Chatzimichali Urmil Rallan Rajinder Parshad Rallan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC441867 2023-04-30 OC441867 2024-04-05 OC441867 2023-05-01 2024-04-05 OC441867 frs-core:CurrentFinancialInstruments 2024-04-05 OC441867 frs-core:Non-currentFinancialInstruments 2024-04-05 OC441867 frs-bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-05 OC441867 frs-bus:LimitedLiabilityPartnershipsSORP 2023-05-01 2024-04-05 OC441867 frs-bus:FilletedAccounts 2023-05-01 2024-04-05 OC441867 frs-bus:SmallEntities 2023-05-01 2024-04-05 OC441867 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-05 OC441867 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-05 OC441867 frs-core:CurrentFinancialInstruments 1 2024-04-05 OC441867 frs-countries:EnglandWales 2023-05-01 2024-04-05 OC441867 frs-bus:PartnerLLP1 2023-05-01 2024-04-05 OC441867 frs-bus:PartnerLLP2 2023-05-01 2024-04-05 OC441867 frs-bus:PartnerLLP3 2023-05-01 2024-04-05 OC441867 frs-bus:PartnerLLP4 2023-05-01 2024-04-05 OC441867 2022-04-06 OC441867 2023-04-30 OC441867 2022-04-07 2023-04-30 OC441867 frs-core:CurrentFinancialInstruments 2023-04-30 OC441867 frs-core:Non-currentFinancialInstruments 2023-04-30 OC441867 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: OC441867
Umraj Partners LLP
Unaudited Financial Statements
For the Period 1 May 2023 to 5 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC441867
5 April 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,460,000 2,460,000
2,460,000 2,460,000
CURRENT ASSETS
Debtors 5 49,968 23,662
Cash at bank and in hand 135 12,495
50,103 36,157
Creditors: Amounts Falling Due Within One Year 6 (2,261 ) (21,808 )
NET CURRENT ASSETS (LIABILITIES) 47,842 14,349
TOTAL ASSETS LESS CURRENT LIABILITIES 2,507,842 2,474,349
Creditors: Amounts Falling Due After More Than One Year 7 (1,150,215 ) (1,150,229 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,357,627 1,324,120
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 96,927 63,420
96,927 63,420
Equity
Members' other interests
Members' capital 1,260,700 1,260,700
1,260,700 1,260,700
1,357,627 1,324,120
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 96,927 63,420
Members' other interests 1,260,700 1,260,700
1,357,627 1,324,120
Page 1
Page 2
For the period ending 5 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Laukesh Rallan
Designated Member
28 January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Umraj Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC441867 . The Registered Office is 20 Belmont hill, Lewisham, London, United Kingdom, SE13 5BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
Service charge income is recognised as revenue in the period to which it relates.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 4 (2023: 4)
4 4
4. Investment Property
5 April 2024
£
Fair Value
As at 1 May 2023 and 5 April 2024 2,460,000
Page 3
Page 4
5. Debtors
5 April 2024 30 April 2023
£ £
Due within one year
Trade debtors 2,742 3,850
Prepayments and accrued income - 6,266
Other Receivables 47,226 13,546
49,968 23,662
6. Creditors: Amounts Falling Due Within One Year
5 April 2024 30 April 2023
£ £
Other creditors - 6,900
Accruals and deferred income 2,261 14,908
2,261 21,808
7. Creditors: Amounts Falling Due After More Than One Year
5 April 2024 30 April 2023
£ £
Bank loans 1,150,215 1,150,229
8. Secured Creditors
Of the creditors the following amounts are secured.
5 April 2024 30 April 2023
£ £
Bank loans and overdrafts 1,150,215 1,150,229
9. Related Party Transactions
Included in debtors falling due within one year is an amount of £47,226 (2023: £13,546) owed by the partners. The amount is interest free and repayable on demand.
Page 4