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REGISTERED NUMBER: OC450678 (England and Wales)















Unaudited Financial Statements

for the Period 18 January 2024 to 31 March 2024

for

SHIVU LLP

SHIVU LLP (Registered number: OC450678)






Contents of the Financial Statements
for the Period 18 January 2024 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHIVU LLP

General Information
for the Period 18 January 2024 to 31 March 2024







DESIGNATED MEMBERS: Mrs D Patel
A Patel
N Khatri
Mrs V Khatri
M Khatri
D Khatri





REGISTERED OFFICE: 30 West Avenue
Pinner
England
HA5 5BY





REGISTERED NUMBER: OC450678 (England and Wales)





ACCOUNTANTS: Kumar Business Consultants Ltd
Chartered Certified Accountants
255 - 261 Horn Lane
London
W3 9EH

SHIVU LLP (Registered number: OC450678)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Investment property 4 3,035,000

CURRENT ASSETS
Debtors 18,984

CREDITORS
Amounts falling due within one year 5 1,200
NET CURRENT ASSETS 17,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,052,784

CREDITORS
Amounts falling due after more than one
year

6

548,623
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,504,161

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

2,504,161

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 2,504,161
Amounts due from members (18,984 )
2,485,177

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 period 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.

SHIVU LLP (Registered number: OC450678)

Balance Sheet - continued
31 March 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 27 February 2025 and were signed by:




N Khatri - Designated member




Mrs V Khatri - Designated member


SHIVU LLP (Registered number: OC450678)

Notes to the Financial Statements
for the Period 18 January 2024 to 31 March 2024

1. STATUTORY INFORMATION

SHIVU 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.

Rental income is recognised on an accrual basis. Rents receivable from tenants represents rents and
service charges receivable in the period.
Where a rent-free period is included in a lease, the rental income foregone is allocated evenly over the
period from the date of lease commencement to the earliest termination date.
Rental income from fixed and minimum guaranteed rent reviews is recognised on a straight-line basis
over the shorter of the entire lease term or the period to the first break option. Where such rental
income is recognised ahead of the related cash flow, an adjustment is made to ensure the carrying
value of the related property including the accrued rent does not exceed the external valuation. Initial
direct costs incurred in negotiating and arranging a new lease are amortized on a straight-line basis
over the period from the date of lease commencement to the earliest termination date.

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.

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment
properties are initially measured at cost, including transaction costs. Subsequently investment
properties whose fair value can be measured reliably without undue cost or effort on an on-going basis
are measured at fair value. Gains and losses arising from changes in the fair value of investment
properties are included in profit or loss in the period in which they arise.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 3,035,000
At 31 March 2024 3,035,000
NET BOOK VALUE
At 31 March 2024 3,035,000

The valuation of investment properties were made as at 31 March 2024 by the members on an
open market basis. No depreciation is provided in respect of these properties.

SHIVU LLP (Registered number: OC450678)

Notes to the Financial Statements - continued
for the Period 18 January 2024 to 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 1,200

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 548,623

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 548,623

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loan and other debts due to members rank equally in relation to other creditors.