| Mehdiward UK LLP |
| Registered number: |
OC425425 |
| Balance Sheet |
| as at 31 December 2024 |
| Notes |
|
2024 |
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
7,081 |
|
18,204 |
| Current assets |
|
|
|
|
|
| Debtors |
4 |
|
55,989 |
|
16,020 |
| Cash at bank and in hand |
|
|
264,544 |
|
122,051 |
|
|
|
320,533 |
|
138,071 |
|
| Creditors: amounts falling due within one year |
5 |
|
(100,976) |
|
(54,590) |
|
| Net current assets |
|
|
219,557 |
|
83,481 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
226,638 |
|
101,685 |
|
|
|
| Net assets attributable to members |
226,638 |
|
101,685 |
|
|
|
|
|
|
| Represented by: |
|
|
|
|
|
|
| Members' other interests |
| Other reserves |
|
|
226,638 |
|
101,685 |
|
|
|
|
|
|
|
|
|
226,638 |
|
101,685 |
|
|
|
|
|
|
| Total members' interests |
| Members' other interests |
|
|
226,638 |
|
101,685 |
|
|
|
|
226,638 |
|
101,685 |
|
|
|
|
|
|
| For the year ended 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 30 September 2025 and signed on their behalf by: |
|
|
| Nigel Mehdi |
| Designated member |
|
| Mehdiward UK LLP |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
|
|
|
|
|
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Turnover |
|
Turnover represents amounts receivable for goods and services excluding value added tax.
Amounts recoverable on contracts spanning the year end, which are included in debtors, are stated at the net sales value of work done after provision for contingencies and anticipated future losses on contract, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.
Sales invoiced in advance of work being commenced are not included in turnover, the value of these advance sales is included in deferred income. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 3 years |
|
Motor vehicles |
25% reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
5 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2024 |
10,318 |
|
45,963 |
|
56,281 |
|
At 31 December 2024 |
10,318 |
|
45,963 |
|
56,281 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
8,452 |
|
29,625 |
|
38,077 |
|
Charge for the year |
1,866 |
|
9,257 |
|
11,123 |
|
At 31 December 2024 |
10,318 |
|
38,882 |
|
49,200 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
- |
|
7,081 |
|
7,081 |
|
At 31 December 2023 |
1,866 |
|
16,338 |
|
18,204 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
44,716 |
|
- |
|
Other debtors |
11,273 |
|
16,020 |
|
|
|
|
|
|
55,989 |
|
16,020 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
19,381 |
|
22,944 |
|
Other taxes and social security costs |
3,895 |
|
3,172 |
|
Other creditors |
77,700 |
|
28,474 |
|
|
|
|
|
|
100,976 |
|
54,590 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Mehdiward UK LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
71-75 Shelton Street |
|
London |
|
WC2H 9JQ |