REGISTERED NUMBER: OC427747 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

ABOLO UXBRIDGE ROAD LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr S Bhattia

Abolo (Uxbrige Road) Limited

Mr D Mawji

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

OC427747 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Tangible assets

4

34,867

-

Investment property

5

1,698,356

1,698,356

1,733,223

1,698,356

CURRENT ASSETS

Debtors

6

-

57,262

Cash at bank and in hand

13,751

11,877

13,751

69,139

CREDITORS

Amounts falling due within one year

7

21,384

27,914

NET CURRENT (LIABILITIES)/ASSETS

(7,633

)

41,225

TOTAL ASSETS LESS CURRENT LIABILITIES

1,725,590

1,739,581

CREDITORS

Amounts falling due after more than one year

8

1,251,210

1,225,935

NET ASSETS ATTRIBUTABLE TO MEMBERS

474,380

513,646

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

474,380

513,646

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

474,380

513,646

Amounts due from members

6

-

(56,583

)

474,380

457,063

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 5 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 5 December 2025 and were signed by:

Mr S Bhattia - Designated member

1.	STATUTORY INFORMATION

Abolo Uxbridge Road 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.

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.

INVESTMENT PROPERTY

Investment properties are carried at fair values. Revaluation surpluses are recognised in the statement of

income. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small entities. The partners considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

46,490

At 5 April 2025

46,490

DEPRECIATION

Charge for year

11,623

At 5 April 2025

11,623

NET BOOK VALUE

At 5 April 2025

34,867

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

1,698,356

NET BOOK VALUE

At 5 April 2025

1,698,356

At 5 April 2024

1,698,356

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

57,262

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,296

5,212

Hire purchase contracts

2,843

-

Trade creditors

1

2,698

Other creditors

13,244

20,004

21,384

27,914

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,220,945

1,225,935

Hire purchase contracts

30,265

-

1,251,210

1,225,935

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,219,574

1,219,480

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,226,241

1,231,147

The bank loan is secured by way of fixed and floating charges on the investment properties of the LLP and by a guarantee by the government.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

11.	ULTIMATE CONTROLLING PARTY