SETRAM LLP - Filleted accounts

Registered number

OC445229

SETRAM LLP

Filleted Accounts

31 January 2025

SETRAM LLP
Registered number:		OC445229
Balance Sheet
as at 31 January 2025
Notes		2025
£
Fixed assets
Tangible assets	3	400,000
Current assets
Debtors	4	12,049
Cash at bank and in hand		2,025
		14,074

Creditors: amounts falling due within one year	5	(481)

Net current assets		13,593

Total assets less current liabilities		413,593



Net assets attributable to members		413,593

Represented by:
Loans and other debts due to members	6	407,101

Members' other interests
Other reserves		6,492

		413,593

Total members' interests
Loans and other debts due to members	6	407,101
Members' other interests		6,492

		413,593

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 27 October 2025 and signed on their behalf by:


MR S Meyyappan
Designated member

SETRAM 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:

	Plant and machinery	over 4 years
	Fixtures, fittings, tools and equipment	over 4 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025
Number

	Average number of persons employed by the LLP		0


3	Tangible fixed assets
				Land and buildings
£
	Cost
	Additions			400,000
	At 31 January 2025			400,000

	Depreciation
	At 31 January 2025			-

	Net book value
	At 31 January 2025			400,000


4	Debtors		2025
£

	Other debtors		12,049


5	Creditors: amounts falling due within one year		2025
£

	Trade creditors		480
	Other creditors		1
			481


6	Loans and other debts due to members		2025
£

	Members capital classified as debt		407,301
	Amounts due to members in respect of profits		(200)
			407,101

	Amounts falling due within one year		407,101

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


7	Other information

	SETRAM LLP is a limited liability partnership incorporated in England. Its registered office is:
	13 Queens Park View
	Chester
	CH4 7BU