Registered number
OC436780
Rasuka Property LLP
Filleted Accounts
31 March 2025

Rasuka Property LLP
Registered number: | OC436780
Balance Sheet
as at 31 March 2025
Notes |  | 2025 |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  | 969 |  | 969
Current assets |  |  |  |  |
Cash at bank and in hand |  |  | 5,049 |  | 12,395
Creditors: amounts falling due within one year | 4 |  | 11,214 |  | (986)
Net current assets |  |  | 16,263 |  | 11,409
Total assets less current liabilities |  |  | 17,232 |  | 12,378
Net assets attributable to members | 17,232 |  | 12,378
Represented by:
Loans and other debts due to members | 5 |  | (54,635) |  | (34,158)
Members' other interests
Other reserves |  |  | 71,867 |  | 46,536
|  |  | 17,232 |  | 12,378
Total members' interests
Loans and other debts due to members | 5 |  | (54,635) |  | (34,158)
Members' other interests |  |  | 71,867 |  | 46,536
|  |  | 17,232 |  | 12,378
For the year ended 31 March 2025 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 16 November 2025 and signed on their behalf by:
Dr Ravi Gooneratne
Designated member

Rasuka Property LLP
Notes to the Accounts
for the year ended 31 March 2025
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
| Division of profits
| Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
| 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.
| Investments
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
| 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.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Members' capital
| Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the LLP | 1 |  | 1
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Plant and machinery etc
£
| Cost
| At 1 April 2024 | 1,892
| At 31 March 2025 | 1,892
| Depreciation
| At 1 April 2024 | 923
| At 31 March 2025 | 923
| Net book value
| At 31 March 2025 | 969
| At 31 March 2024 | 969
4 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Other creditors | (11,214) |  | 986
5 | Loans and other debts due to members | 2025 |  | 2024
£ | £
| Amounts due to members in respect of profits | (54,635) |  | (34,158)
| Amounts falling due within one year | (54,635) |  | (34,158)
| Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 | Other information
| Rasuka Property LLP is a limited liability partnership incorporated in England. Its registered office is:
| 21 High Street
| Harrow on the Hill
| Middlesex
| HA1 3HT

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