REGISTERED NUMBER: OC451708 (England and Wales)

Report of the Members and

Financial Statements for the Period 3 April 2024 to 31 March 2025

for

MJ Assani LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mr K Assani

Mrs K H Assani

REGISTERED OFFICE:

49 St Augustines Avenue

Wembley

Middlesex

HA9 7NU

REGISTERED NUMBER:

OC451708 (England and Wales)

ACCOUNTANTS:

Vars & Co Limited

72 Ennerdale Avenue

Stanmore

Middlesex

HA7 2LD

The members present their report with the financial statements of the LLP for the period 3 April 2024 to 31 March 2025.

INCORPORATION

The LLP was incorporated on 3 April 2024 and commenced trading on the same date.

PRINCIPAL ACTIVITY

Rental income from own investment properties.

DESIGNATED MEMBERS

The designated members during the period under review were:

Mr K Assani

Mrs K H Assani

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS

The loss for the period before members' remuneration and profit shares was £2,686.

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr K Assani - Designated member

15 September 2025

TURNOVER

-

Administrative expenses

22,765

(22,765

)

Other operating income

37,564

OPERATING PROFIT

14,799

Interest payable and similar expenses

17,485

LOSS FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(2,686

)

FIXED ASSETS

Investment property

5

800,000

CURRENT ASSETS

Cash at bank

12,697

CREDITORS

Amounts falling due within one year

6

625

NET CURRENT ASSETS

12,072

TOTAL ASSETS LESS CURRENT LIABILITIES

812,072

CREDITORS

Amounts falling due after more than one year

7

536,672

NET ASSETS ATTRIBUTABLE TO MEMBERS

275,400

LOANS AND OTHER DEBTS DUE TO MEMBERS

275,400

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

275,400

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 period ended 31 March 2025.

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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 15 September 2025 and were signed by:

Mr K Assani - Designated member

Mrs K H Assani - Designated member

1.	STATUTORY INFORMATION

MJ Assani 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.

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 period was 2 .

4.	INFORMATION IN RELATION TO MEMBERS

The average number of members during the period was

2

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

800,000

At 31 March 2025

800,000

NET BOOK VALUE

At 31 March 2025

800,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Accrued expenses

625

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans (see note 8)

536,672

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

536,672

8.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

536,672