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REGISTERED NUMBER: OC362373 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2023 to 31 March 2024

for

TRISHUL CONSULTANTS LLP

TRISHUL CONSULTANTS LLP (REGISTERED NUMBER: OC362373)






Contents of the Financial Statements
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRISHUL CONSULTANTS LLP

General Information
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: M S Desai
S Phadke
R Patel





REGISTERED OFFICE: 50 Cranleigh Road
Merton Park
London
SW19 3LU





REGISTERED NUMBER: OC362373 (England and Wales)






TRISHUL CONSULTANTS LLP (REGISTERED NUMBER: OC362373)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,727 16,129
8,727 16,129

CURRENT ASSETS
Debtors 6 1,262,420 381,230
Prepayments and accrued income - 216,160
Cash at bank 1,156,680 795,745
2,419,100 1,393,135
CREDITORS
Amounts falling due within one year 7 126,780 314,448
NET CURRENT ASSETS 2,292,320 1,078,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,301,047

1,094,816

PROVISIONS FOR LIABILITIES - 166,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,301,047

928,816

TRISHUL CONSULTANTS LLP (REGISTERED NUMBER: OC362373)

Balance Sheet - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

2,301,044

928,813

MEMBERS' OTHER INTERESTS
Capital accounts 3 3
2,301,047 928,816

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 2,301,044 928,813
Members' other interests 3 3
2,301,047 928,816

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.

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 authorised for issue by the members of the LLP and authorised for issue on 30 January 2025 and were signed by:





M S Desai - Designated member

TRISHUL CONSULTANTS LLP (REGISTERED NUMBER: OC362373)

Notes to the Financial Statements
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Trishul Consultants 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 comprises revenue recognised in respect of services supplied, exclusive of Value Added Tax and trade discounts. Where the LLP has incomplete contracts at the year end, income and expenditure for these contracts is recognised so that it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the value of the work performed. Revenue not billed to clients is included in debtors.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 4 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023 150,000
Disposals (150,000 )
At 31 March 2024 -
AMORTISATION
At 1 August 2023 150,000
Eliminated on disposal (150,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 July 2023 -

TRISHUL CONSULTANTS LLP (REGISTERED NUMBER: OC362373)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 212,070
Disposals (125,894 )
At 31 March 2024 86,176
DEPRECIATION
At 1 August 2023 195,941
Charge for period 1,745
Eliminated on disposal (120,237 )
At 31 March 2024 77,449
NET BOOK VALUE
At 31 March 2024 8,727
At 31 July 2023 16,129

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 313,015 376,645
Other debtors 949,405 4,585
1,262,420 381,230

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 29,616 81,719
Taxation and social security 97,164 189,089
Other creditors - 43,640
126,780 314,448

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.