REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 18 January 2024 to 31 March 2024 |
for |
SHIVU LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
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 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans |
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. |