Dr N G Mikhaeel LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC362428

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		38,050		49,522

			38,050		49,522
CURRENT ASSETS
Debtors	5	10,000		-
Cash at bank and in hand		19		40,512

		10,019		40,512
Creditors: Amounts Falling Due Within One Year	6	(24,877 )		(33,936 )

NET CURRENT ASSETS (LIABILITIES)			(14,858 )		6,576

TOTAL ASSETS LESS CURRENT LIABILITIES			23,192		56,098

Creditors: Amounts Falling Due After More Than One Year	7		(24,310 )		(30,541 )

NET (LIABILITIES)/ASSETS ATTRIBUTABLE TO MEMBERS			(1,118 )		25,557

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		383,963		289,857

			383,963		289,857

Equity
Members' other interests
Members' capital		(385,081)		(264,300)

			(385,081)		(264,300)

			(1,118)		25,557

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			383,963		289,857
Members' other interests			(385,081)		(264,300)

			(1,118)		25,557

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Dr N G Mikhaeel LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Nabegh Mikhaeel

Designated Member

15/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Dr N G Mikhaeel LLP is a limited liability partnership, incorporated in England & Wales, registered number OC362428 . The Registered Office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% WDV
Motor Vehicles	25% WDV
Fixtures & Fittings	25% WDV
Computer Equipment	25% WDV

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Dr N G Mikhaeel LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	-	105,932	1,619	1,507	109,058
Additions	-	-	-	1,212	1,212

As at 31 March 2025	-	105,932	1,619	2,719	110,270

Depreciation
As at 1 April 2024	-	57,769	1,108	659	59,536
Provided during the period	128	12,041	-	515	12,684

As at 31 March 2025	128	69,810	1,108	1,174	72,220

Net Book Value
As at 31 March 2025	(128 )	36,122	511	1,545	38,050

As at 1 April 2024	-	48,163	511	848	49,522

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	10,000	-

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,584	5,977
Trade creditors	3,515	3,514
Other creditors	14,778	24,445

	24,877	33,936

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	24,310	30,541

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Dr N G Mikhaeel LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,584	5,977
Later than one year and not later than five years	24,310	30,541

	30,894	36,518

	30,894	36,518

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