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REGISTERED NUMBER: OC420542 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

SRK Capital LLP

SRK Capital LLP (Registered number: OC420542)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SRK Capital LLP

General Information
for the Year Ended 31st March 2024







DESIGNATED MEMBERS: S Kumar
R Khanna





REGISTERED OFFICE: 4 Station Parade
Ruislip
HA4 7DL





REGISTERED NUMBER: OC420542 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

SRK Capital LLP (Registered number: OC420542)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,187 16,250
Investment property 5 1,400,000 33,415
1,412,187 49,665

CURRENT ASSETS
Debtors 6 4,346 22,937
Cash at bank 10,651 10,265
14,997 33,202
CREDITORS
Amounts falling due within one year 7 (67,470 ) (26,939 )
NET CURRENT (LIABILITIES)/ASSETS (52,473 ) 6,263
TOTAL ASSETS LESS CURRENT LIABILITIES 1,359,714 55,928

CREDITORS
Amounts falling due after more than one
year

8

(745,203

)

(35,170

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 614,511 20,758

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

614,511

20,758

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 614,511 20,758
Amounts due from members 6 - (18,591 )
614,511 2,167

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 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.

SRK Capital LLP (Registered number: OC420542)

Balance Sheet - continued
31st 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 27th May 2025 and were signed by:





S Kumar - Designated member

SRK Capital LLP (Registered number: OC420542)

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

1. STATUTORY INFORMATION

SRK 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 25% on cost

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 69,500
DEPRECIATION
At 1st April 2023 53,250
Charge for year 4,063
At 31st March 2024 57,313
NET BOOK VALUE
At 31st March 2024 12,187
At 31st March 2023 16,250

SRK Capital LLP (Registered number: OC420542)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 33,415
Additions 591,585
Revaluations 775,000
At 31st March 2024 1,400,000
NET BOOK VALUE
At 31st March 2024 1,400,000
At 31st March 2023 33,415

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2024 775,000
Cost 625,000
1,400,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,346 22,937

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,574 4,574
Other creditors 62,896 22,365
67,470 26,939

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 29,681 35,170
Other creditors 715,522 -
745,203 35,170

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 506,315 -

SRK Capital LLP (Registered number: OC420542)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 614,511 20,758

Falling due within one year 614,511 20,758

Members rank ahead of other creditors in liquidation.