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: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
- |
|
|
|
|
|
|
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 |
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|
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. |
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Turnover |
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There was no turnover during the year. |
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Division of profits |
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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. |
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Taxation |
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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. |
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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. |
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|
Creditors |
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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. |
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Provisions |
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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 |
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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. |
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|
Foreign currency translation |
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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. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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|
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. |
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|
7 |
Other information |
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NF ALPHA 2 LLP is a limited liability partnership incorporated in England. Its registered office is: |
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Flat 1, Creffield Lodge |
|
2-4 Creffield Road |
|
Ealing |
|
London |
|
W5 3HP |