REGISTERED NUMBER: OC383850 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DCP JEWELLERS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P Kumar

C Kumar

Mrs R Kumari

REGISTERED OFFICE:

113 The Broadway

Southall

Middlesex

UB1 1LN

REGISTERED NUMBER:

OC383850 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Intangible assets

4

-

671

Tangible assets

5

41,784

49,157

41,784

49,828

CURRENT ASSETS

Stocks

988,500

991,900

Debtors

6

189,541

143,843

Cash at bank and in hand

1,237

1,246

1,179,278

1,136,989

CREDITORS

Amounts falling due within one year

7

352,652

395,178

NET CURRENT ASSETS

826,626

741,811

TOTAL ASSETS LESS CURRENT LIABILITIES

868,410

791,639

CREDITORS

Amounts falling due after more than one year

8

2,500

12,500

NET ASSETS ATTRIBUTABLE TO MEMBERS

865,910

779,139

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

770,910

684,139

MEMBERS' OTHER INTERESTS

Capital accounts

95,000

95,000

865,910

779,139

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

770,910

684,139

Members' other interests

95,000

95,000

Amounts due from members

6

(42,585

)

(17,436

)

823,325

761,703

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 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 26 December 2025 and were signed by:

P Kumar - Designated member

1.	STATUTORY INFORMATION

DCP Jewellers LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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

-

15% reducing balance

Computer equipment

-

33% on cost

Stocks

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

Financial instruments

Financial assets and liabilities are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Loans and borrowings

Loans and borrowings are measured initially at fair value, net of transactions costs and are measured subsequently at amortised cost using the effective interest method.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2024

and 31 March 2025

6,079

AMORTISATION

At 1 April 2024

5,408

Amortisation for year

671

At 31 March 2025

6,079

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

671

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

276,022

2,709

278,731

DEPRECIATION

At 1 April 2024

226,865

2,709

229,574

Charge for year

7,373

-

7,373

At 31 March 2025

234,238

2,709

236,947

NET BOOK VALUE

At 31 March 2025

41,784

-

41,784

At 31 March 2024

49,157

-

49,157

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

53,014

54,454

Amounts owed by related company

91,628

69,268

Other debtors

44,899

20,121

189,541

143,843

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

37,338

69,275

Trade creditors

292,373

280,972

Taxation and social security

19,509

18,882

Other creditors

3,432

26,049

352,652

395,178

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,500

12,500

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.

10.	RELATED PARTY DISCLOSURES

Included within debtors is £91,628 (2024: £69,268) an amount due from Heathrow Safe Deposit Limited, a company where partners of the LLP are the directors. The amount owed is repayable on demand.