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REGISTERED NUMBER: OC426280 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Khanna Capital LLP

Khanna Capital LLP (Registered number: OC426280)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Khanna Capital LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: R Khanna
P Khanna





REGISTERED OFFICE: 9 Somerset Gardens
Wembley
Middlesex
HA0 3BP





REGISTERED NUMBER: OC426280 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Khanna Capital LLP (Registered number: OC426280)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 39,811 7,099
Cash at bank 15,132 54,692
54,943 61,791
CREDITORS
Amounts falling due within one year 5 (2,579 ) (14,571 )
NET CURRENT ASSETS 52,364 47,220
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

52,364

47,220

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

52,364

47,220

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 52,364 47,220
Amounts due from members 4 (18,321 ) -
34,043 47,220

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 year 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.

Khanna Capital LLP (Registered number: OC426280)

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 28 March 2025 and were signed by:





R Khanna - Designated member

Khanna Capital LLP (Registered number: OC426280)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Khanna Capital 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - 2 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from members 18,321 -
Other debtors 21,490 7,099
39,811 7,099

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 6) - 12,500
Trade creditors 1,199 871
Accrued expenses 1,380 1,200
2,579 14,571

6. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Loans - 12,500

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of creditors in liquidation.