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REGISTERED NUMBER: OC320737 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Elan & Co Limited Liability Partnership

Elan & Co Limited Liability Partnership (Registered number: OC320737)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elan & Co Limited Liability Partnership

General Information
for the Year Ended 31 October 2024







DESIGNATED MEMBERS: Shakar Elahi FCCA
Ms B T Elahi





REGISTERED OFFICE: Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA





REGISTERED NUMBER: OC320737 (England and Wales)





ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA

Elan & Co Limited Liability Partnership (Registered number: OC320737)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,678 16,904

CURRENT ASSETS
Debtors 5 123,627 147,830
Cash at bank and in hand 9,019 8,855
132,646 156,685
CREDITORS
Amounts falling due within one year 6 45,142 49,935
NET CURRENT ASSETS 87,504 106,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,182

123,654

CREDITORS
Amounts falling due after more than one
year

7

100,000

122,222
NET ASSETS ATTRIBUTABLE TO
MEMBERS

182

1,432

LOANS AND OTHER DEBTS DUE TO
MEMBERS

182

1,432

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 182 1,432

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 October 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.

Elan & Co Limited Liability Partnership (Registered number: OC320737)

Balance Sheet - continued
31 October 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 19 July 2025 and were signed by:





Shakar Elahi FCCA - Designated member

Elan & Co Limited Liability Partnership (Registered number: OC320737)

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

1. STATUTORY INFORMATION

Elan & Co Limited Liability Partnership 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.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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 reducing balance, 20% on reducing balance and 15% on reducing balance.

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

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 1 November 2023
and 31 October 2024 181,339
DEPRECIATION
At 1 November 2023
and 31 October 2024 168,661
NET BOOK VALUE
At 31 October 2024 12,678
At 31 October 2023 12,678

Elan & Co Limited Liability Partnership (Registered number: OC320737)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 13,192 14,212
Other debtors 110,435 133,618
123,627 147,830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 30,285 38,614
Taxation and social security 2,607 2,821
Other creditors 12,250 8,500
45,142 49,935

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans 100,000 122,222