REGISTERED NUMBER: OC316768 (England and Wales)

SHREESAII LLP

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R S Vora

Mrs N Vora

R R Vora

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

OC316768 (England and Wales)

ACCOUNTANTS:

Albury Associates Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

CURRENT ASSETS

Stocks

2,399,248

2,668,311

Debtors

4

28,365

14,631

Cash at bank

6,185

9,272

2,433,798

2,692,214

CREDITORS

Amounts falling due within one year

5

92,296

92,101

NET CURRENT ASSETS

2,341,502

2,600,113

TOTAL ASSETS LESS CURRENT LIABILITIES

2,341,502

2,600,113

CREDITORS

Amounts falling due after more than one year

6

2,134,448

2,136,675

NET ASSETS ATTRIBUTABLE TO MEMBERS

207,054

463,438

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

1,054

257,438

MEMBERS' OTHER INTERESTS

Capital accounts

206,000

206,000

207,054

463,438

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

1,054

257,438

Members' other interests

206,000

206,000

Amounts due from members

4

(13,299

)

-

193,755

463,438

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 December 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.

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 26 September 2025 and were signed by:

R S Vora - Designated member

1.	STATUTORY INFORMATION

Shreesaii 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.

Revenues are recognised when the rental properties are occupied by tenants.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

28,365

14,631

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

85,515

85,476

Other creditors

6,781

6,625

92,296

92,101

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,134,448

2,136,675

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

1,706,483

1,706,603

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

2,219,963

2,222,151

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2024

2023

£

£

Amounts owed to members in respect of profits

1,054

257,438

Falling due within one year

1,054

257,438

Loan and other debts due to members rank in subordination to Bank Loans. Other creditors are unsecured.

Bank Loans are secured by individual fixed charges over the stock of properties.

The ability of the Members to reduce the Capital Accounts, Members Loans and Other Debts Due To Members are restricted to amounts in excess of the net unrealised equity in the Stock of Properties introduced to the Limited Liability Partnership. The minimum amount of Loans and Other Debts Due to Members has to be maintained at £206,000.

9.	RELATED PARTY DISCLOSURES

At the year-end date, included within Other Debtors is an amount of £10,805 (2023: £12,805) due from Asra

Management Services LLP, an entity in which the Members have a beneficial interest. This amount is unsecured, interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is R S Vora.