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REGISTERED NUMBER: OC347343 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

BILIMORIA & BILIMORIA LLP

BILIMORIA & BILIMORIA LLP (REGISTERED NUMBER: OC347343)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BILIMORIA & BILIMORIA LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DESIGNATED MEMBERS: Lord K F Bilimoria
Lady L H Bilimoria





REGISTERED OFFICE: 1 Doughty Street
London
WC1N 2PH





REGISTERED NUMBER: OC347343 (England and Wales)






BILIMORIA & BILIMORIA LLP (REGISTERED NUMBER: OC347343)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,438 24,293

CURRENT ASSETS
Debtors 5 500,199 682,647
Cash at bank 186,543 500
686,742 683,147
CREDITORS
Amounts falling due within one year 6 79,930 40,825
NET CURRENT ASSETS 606,812 642,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

610,250

666,615

CREDITORS
Amounts falling due after more than one year 7 530,250 586,615
NET ASSETS ATTRIBUTABLE TO MEMBERS 80,000 80,000

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

80,000

80,000

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 80,000 80,000
Amounts due from members 5 (449,491 ) (546,854 )
(369,491 ) (466,854 )

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 31st July 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.

BILIMORIA & BILIMORIA LLP (REGISTERED NUMBER: OC347343)

BALANCE SHEET - continued
31ST JULY 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 20th January 2025 and were signed by:





Lord K F Bilimoria - Designated member

BILIMORIA & BILIMORIA LLP (REGISTERED NUMBER: OC347343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024


1. STATUTORY INFORMATION

Bilimoria & Bilimoria 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 3 (2023 - 3 ) .

BILIMORIA & BILIMORIA LLP (REGISTERED NUMBER: OC347343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2023 160,324
Additions 2,176
At 31st July 2024 162,500
DEPRECIATION
At 1st August 2023 136,031
Charge for year 23,031
At 31st July 2024 159,062
NET BOOK VALUE
At 31st July 2024 3,438
At 31st July 2023 24,293

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st August 2023
and 31st July 2024 95,311
DEPRECIATION
At 1st August 2023 73,432
Charge for year 21,879
At 31st July 2024 95,311
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 21,879

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 11,281
Other debtors 500,199 671,366
500,199 682,647

BILIMORIA & BILIMORIA LLP (REGISTERED NUMBER: OC347343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,000 9,000
Hire purchase contracts 47,365 9,375
Trade creditors 4,437 4,828
Taxation and social security 12,383 13,563
Other creditors 6,745 4,059
79,930 40,825

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,250 20,250
Hire purchase contracts - 47,365
Other creditors 519,000 519,000
530,250 586,615

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Loans-North Bridge Funding Ltd 519,000 519,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 47,365 56,740

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 80,000 80,000

Falling due within one year 80,000 80,000

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu with other unsecured creditors of the company.

There are no restrictions or limitations as such existing on the ability of the members to reduce the amount of 'Members' other interests'.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Lord & Lady K F Bilimoria.