R Brar LLP - LLP accounts 24.3

REGISTERED NUMBER: OC424868 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

R BRAR LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

R S Brar

Mrs R K Brar

REGISTERED OFFICE:

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

REGISTERED NUMBER:

OC424868 (England and Wales)

ACCOUNTANTS:

Ashfords Partnership LLP

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property investment and management.

DESIGNATED MEMBERS

The designated members during the year under review were:

R S Brar

Mrs R K Brar

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £983 (2024 - £21,767 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

R S Brar - Designated member

6 October 2025

TURNOVER

57,748

55,816

Administrative expenses

28,956

13,762

OPERATING PROFIT

28,792

42,054

Interest payable and similar expenses

27,809

20,287

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

983

21,767

FIXED ASSETS

Tangible assets

4

974,000

CURRENT ASSETS

Debtors

2,296

1,038

Cash at bank and in hand

2,487

3,727

4,783

4,765

CREDITORS

Amounts falling due within one year

5

3,938

4,116

NET CURRENT ASSETS

845

649

TOTAL ASSETS LESS CURRENT
LIABILITIES

974,845

974,649

CREDITORS

Amounts falling due after more than one year

6

681,660

NET ASSETS ATTRIBUTABLE TO MEMBERS

293,185

292,989

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

28,900

28,704

MEMBERS' OTHER INTERESTS

Revaluation reserve

8

264,285

293,185

292,989

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

28,900

28,704

Members' other interests

264,285

Amounts due from members

(2,296

)

(1,038

)

290,889

291,951

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 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 6 October 2025 and were signed by:

R S Brar - Designated member

1.	STATUTORY INFORMATION

R Brar 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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

974,000

NET BOOK VALUE

At 31 March 2025

974,000

At 31 March 2024

974,000

Cost or valuation at 31 March 2025 is represented by:

Land and

buildings

£

Valuation in 2020

454,705

Cost

519,295

974,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Rent Advance Receipt

1,215

Accrued expenses

2,723

2,901

3,938

4,116

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

TSB Loan 10A

119,335

TSB Loan 10B

127,893

Mortgage Works Loan 10C

237,222

Mortgage Works Loan 16D Mansf

197,210

681,660

Amounts falling due in more than five years:

Repayable by instalments

TSB Loan 10A

119,335

TSB Loan 10B

127,893

Mortgage Works Loan 10C

237,222

Mortgage Works Loan 16D Mansf

197,210

681,660

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members loans would rank along with other creditors.

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

264,285