| ATIRSTAM INVEST LLP |
| Members' Report |
|
| The members present their report and accounts for the year ended 31 January 2025. |
|
| Principal activities |
| The LLP's principal activity during the year was renting own property. |
|
| Designated members |
| The following persons served as designated members during the year: |
|
|
Mr K Sundaralingam |
|
Mrs Mehala Sundaralingam |
|
| Policy with respect to members' drawings and subscription and repayment of members' capital |
| Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP. New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amount of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members. |
|
| This report was approved by the members on 28 October 2025 and signed on their behalf by: |
|
|
|
|
|
| Mr K Sundaralingam |
| Designated member |
|
| ATIRSTAM INVEST LLP |
| Profit and Loss Account |
| for the year ended 31 January 2025 |
|
|
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
| Rental Income |
42,000 |
|
39,600 |
|
| Administrative expenses |
(1,869) |
|
(1,731) |
|
| Operating profit |
40,131 |
|
37,869 |
|
| Interest payable |
(37,957) |
|
(37,862) |
|
| Profit before members' remuneration and profit share |
|
|
2,174 |
|
7 |
|
|
| Profit for the financial year available for discretionary division among members |
|
|
2,174 |
|
7 |
|
|
|
|
|
|
|
|
|
|
|
| Continuing Operations |
| None of the company's activities were acquired or discontinued during the |
| above two financial years. |
|
| Total recognised gains and losses |
| The company made no recognised gains or losses other than profit/loss |
| for the above two financial years. |
|
| ATIRSTAM INVEST LLP |
| Registered number: |
OC440842 |
| Balance Sheet |
| as at 31 January 2025 |
| Notes |
|
2025 |
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
1,968,850 |
|
1,968,850 |
| Current assets |
|
|
|
|
|
| Cash at bank and in hand |
|
|
408 |
|
1,048 |
|
| Creditors: amounts falling due within one year |
4 |
|
(600) |
|
(750) |
|
| Net current (liabilities)/assets |
|
|
(192) |
|
298 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
1,968,658 |
|
1,969,148 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
(1,241,379) |
|
(1,241,379) |
|
|
| Net assets attributable to members |
727,279 |
|
727,769 |
|
|
|
|
|
|
| Represented by: |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
728,188 |
|
730,852 |
| Other reserves |
|
|
(909) |
|
(3,083) |
|
|
|
727,279 |
|
727,769 |
|
|
|
|
|
|
|
|
|
727,279 |
|
727,769 |
|
|
|
|
|
|
| Total members' interests |
| Members' other interests |
|
|
727,279 |
|
727,769 |
|
|
|
|
727,279 |
|
727,769 |
|
|
|
|
|
|
| For the year ended 31 January 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 28 October 2025 and signed on their behalf by: |
|
|
| Mr K Sundaralingam |
| Designated member |
|
| ATIRSTAM INVEST LLP |
| Notes to the Accounts |
| for the year ended 31 January 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 sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
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. |
|
|
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: |
|
|
Freehold buildings |
over 50 years |
|
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. |
|
|
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. |
|
|
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. |
|
|
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. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
Average number of persons employed by the LLP |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 February 2024 |
1,968,850 |
|
At 31 January 2025 |
1,968,850 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 January 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
1,968,850 |
|
At 31 January 2024 |
1,968,850 |
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
600 |
|
750 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
|
|
|
Bank loans |
1,241,379 |
|
1,241,379 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans |
|
|
Creditors include: |
|
|
Secured bank loans |
1,241,379 |
|
1,241,379 |
|
|
|
|
|
|
|
|
|
|
The bank loans are secured over the investment properties owned by the members. |
|
|
| 7 |
Other information |
|
|
ATIRSTAM INVEST LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
86-90 |
|
Pual Street |
|
London |
|
EC2A 4NE |