ELLIOT CHARLES LUTON LLP

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2025

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Mr H Modi

Mrs P Modi

REGISTERED OFFICE:

C/o Jardines Uk Ltd

Winterhill House

Snowdon Drive, Winterhill

Milton Keynes

MK6 1AP

REGISTERED NUMBER:

OC327645 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

The members present their report with the financial statements of the LLP for the year ended 31st March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property development

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr H Modi

Mrs P Modi

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £153 (2024 - £NIL profit).

MEMBERS' INTERESTS

Members' profit shares

Members are remunerated solely out of the profits of the LLP, and are personally responsible for funding their own pensions.

The members set their salary appropriations annually and review the allocations of the remaining profits. All profits generated are allocated.

The taxation payable on the LLP's profits is a personal liability of the members during the period. Drawings are restricted to enable taxation payments to be funded on the members' behalf.

Members' capital

Members' capital is repayable on retirement from the LLP. In the event of a winding up, members' capital would rank after unsecured creditors.

ON BEHALF OF THE MEMBERS:

Mr H Modi - Designated member

8th December 2025

TURNOVER

167,241

-

Cost of sales

167,241

-

GROSS PROFIT

-

-

Administrative expenses

153

-

OPERATING LOSS and

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

(153

)

-

CURRENT ASSETS

Stocks

30,000

197,241

Debtors

4

475,312

307,818

Cash at bank

208

211

505,520

505,270

CREDITORS

Amounts falling due within one year

5

600

350

NET CURRENT ASSETS

504,920

504,920

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

504,920

504,920

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

504,920

504,920

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

504,920

504,920

Amounts due from members

4

(303,208

)

(303,055

)

201,712

201,865

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 31st 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 8th December 2025 and were signed by:

Mr H Modi - Designated member

1.	STATUTORY INFORMATION

Elliot Charles Luton 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.

Stocks

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

3.	EMPLOYEE INFORMATION

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts due from members

303,208

303,055

Other debtors

299

199

Other loan - Jardines Finance Limited

4,564

4,564

Other loan - Kingsfield Homes Limited

167,241

-

475,312

307,818

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to participating interests

600

-

Accruals and deferred income

-

350

600

350

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' capital is repayable on retirement from the LLP. In the event of a winding up, members' capital would rank after unsecured creditors.