REGISTERED NUMBER: OC435077 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Nikusaaldi LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Dilip Patel

Alka Patel

REGISTERED OFFICE:

151 Cathill

Cockfosters

EN4 8HR

REGISTERED NUMBER:

OC435077 (England and Wales)

ACCOUNTANTS:

Prestons

Chartered Accountants

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

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 letting and operating of own or leased real estate.

DESIGNATED MEMBERS

The designated members during the year under review were:

Dilip Patel

Alka Patel

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £108,204 (2024 - £117,776 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Dilip Patel - Designated member

5 December 2025

TURNOVER

204,340

195,931

Administrative expenses

25,582

20,368

OPERATING PROFIT

4

178,758

175,563

Interest receivable and similar income

398

-

179,156

175,563

Interest payable and similar expenses

70,952

57,787

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

108,204

117,776

FIXED ASSETS

Tangible assets

5

1,287

-

Investment property

6

1,313,000

1,313,000

1,314,287

1,313,000

CURRENT ASSETS

Debtors

7

91,078

1,077

Cash at bank

117,006

9,199

208,084

10,276

CREDITORS

Amounts falling due within one year

8

1,670

1,670

NET CURRENT ASSETS

206,414

8,606

TOTAL ASSETS LESS CURRENT LIABILITIES

1,520,701

1,321,606

CREDITORS

Amounts falling due after more than one year

9

1,011,489

1,017,856

NET ASSETS ATTRIBUTABLE TO MEMBERS

509,212

303,750

LOANS AND OTHER DEBTS DUE TO MEMBERS

509,212

303,750

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

509,212

303,750

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 5 December 2025 and were signed by:

Dilip Patel - Designated member

1.	STATUTORY INFORMATION

Nikusaaldi 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.

Fixtures and fittings - 25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less and impairment.

3.	EMPLOYEE INFORMATION

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

4.	OPERATING PROFIT

The operating profit is stated after charging:

31/3/25

31/3/24

£

£

Depreciation - owned assets

429

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,716

At 31 March 2025

1,716

DEPRECIATION

Charge for year

429

At 31 March 2025

429

NET BOOK VALUE

At 31 March 2025

1,287

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,313,000

NET BOOK VALUE

At 31 March 2025

1,313,000

At 31 March 2024

1,313,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

1,313,000

7.

DEBTORS

31/3/25

31/3/24

£

£

Amounts falling due within one year:

Other debtors

90,001

-

Amounts falling due after more than one year:

Other debtors

1,077

1,077

Aggregate amounts

91,078

1,077

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Other creditors

1,670

1,670

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

996,989

1,003,356

Other creditors

14,500

14,500

1,011,489

1,017,856