Registered number
OC403383
NF ALPHA 2 LLP
Accounts for Registrar
For the year ended 31 March 2024
NF ALPHA 2 LLP
Registered number: OC403383
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 2,624,709 2,627,906
Creditors: amounts falling due within one year 4 (2,577,139) (2,577,139)
Net current assets 47,570 50,767
Total assets less current liabilities 47,570 50,767
Creditors: amounts falling due after more than one year 5 (47,570) (50,767)
Net assets attributable to members - -
Represented by:
- -
Total members' interests
- -
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 19 March 2025 and signed on their behalf by:
J L Shah
Designated member on behalf of Bhavik J Shah Family Office (UK) Ltd
NF ALPHA 2 LLP
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
There was no turnover during the year.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Debtors
Debtors relate to money due from third parties, individuals and organisations to whom the funds from the LLP was transferred to under the direction of the designated members.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. As a result all loans from members have been treated as short-term creditors.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Debtors 2024 2023
£ £
Trade debtors 2,577,139 2,577,139
Other debtors 47,570 50,767
2,624,709 2,627,906
4 Creditors: amounts falling due within one year 2024 2023
£ £
Members loans and interest due 1,821,424 1,861,424
Other loans 755,715 715,715
2,577,139 2,577,139
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 47,570 50,767
6 Bounce back loan
The bounce bank loan will be repaid by Niveda Group Ltd and an arrangement has been made to pay this over a 10 year period.
7 Other information
NF ALPHA 2 LLP is a limited liability partnership incorporated in England. Its registered office is:
Flat 1, Creffield Lodge
2-4 Creffield Road
Ealing
London
W5 3HP
NF ALPHA 2 LLP OC403383 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 J L Shah No description of principal activity OC403383 2022-04-01 2023-03-31 OC403383 core:WithinOneYear 2023-03-31 OC403383 core:AfterOneYear 2023-03-31 OC403383 2023-04-01 2024-03-31 OC403383 bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC403383 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC403383 bus:PartnerLLP20 2023-04-01 2024-03-31 OC403383 3 2023-04-01 2024-03-31 OC403383 1 2023-04-01 2024-03-31 OC403383 2 2023-04-01 2024-03-31 OC403383 4 2023-04-01 2024-03-31 OC403383 countries:England 2023-04-01 2024-03-31 OC403383 bus:FRS102 2023-04-01 2024-03-31 OC403383 bus:FilletedAccounts 2023-04-01 2024-03-31 OC403383 2024-03-31 OC403383 core:WithinOneYear 2024-03-31 OC403383 core:AfterOneYear 2024-03-31 OC403383 2023-03-31 iso4217:GBP xbrli:pure