REGISTERED NUMBER: OC354362 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025

FOR

PALM VISION LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Dr R Malhotra

Dr D Verity

REGISTERED OFFICE:

1 Doughty Street

London

WC1N 2PH

REGISTERED NUMBER:

OC354362 (England and Wales)

The members present their report with the financial statements of the LLP for the year ended 30th April 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of growing and selling of palm trees.

DESIGNATED MEMBERS

The designated members during the year under review were:

Dr R Malhotra

Dr D Verity

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £1,271 (2024 - £1,297 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr R Malhotra - Designated member

26th November 2025

TURNOVER

-

-

Administrative expenses

1,521

1,297

(1,521

)

(1,297

)

Other operating income

250

-

OPERATING LOSS and

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

(1,271

)

(1,297

)

FIXED ASSETS

Tangible assets

5

50,169

50,247

CURRENT ASSETS

Stocks

19,055

17,943

Cash at bank

280

918

19,335

18,861

CREDITORS

Amounts falling due within one year

6

1,060

1,724

NET CURRENT ASSETS

18,275

17,137

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

68,444

67,384

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

68,444

67,384

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

68,444

67,384

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 30th April 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 26th November 2025 and were signed by:

Mr R Malhotra - Designated member

1.	STATUTORY INFORMATION

Palm Vision 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Members

Members drawings, subscriptions, and withdrawals are as agreed by members.

3.	EMPLOYEE INFORMATION

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

4.	OPERATING LOSS

The operating loss is stated after charging:

2025

2024

£

£

Depreciation - owned assets

78

105

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st May 2024

and 30th April 2025

49,937

7,668

57,605

DEPRECIATION

At 1st May 2024

-

7,358

7,358

Charge for year

-

78

78

At 30th April 2025

-

7,436

7,436

NET BOOK VALUE

At 30th April 2025

49,937

232

50,169

At 30th April 2024

49,937

310

50,247

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

300

Other creditors

1,060

1,424

1,060

1,724

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

68,444

67,384

Falling due within one year

68,444

67,384

Loans and other debts due to members' rank parri passu with other creditors.