Vimas LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC308975

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		2,709,131		2,736,614

			2,709,131		2,736,614
CURRENT ASSETS
Debtors	6	806,675		698,595
Cash at bank and in hand		3,435		5,199

		810,110		703,794
Creditors: Amounts Falling Due Within One Year	7	(313,665 )		(294,605 )

NET CURRENT ASSETS (LIABILITIES)			496,445		409,189

TOTAL ASSETS LESS CURRENT LIABILITIES			3,205,576		3,145,803

Creditors: Amounts Falling Due After More Than One Year	8		(1,549,936 )		(1,549,936 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			1,655,640		1,595,867

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		429,137		429,137

			429,137		429,137

Equity
Members' other interests
Revaluation reserve		1,226,503		1,226,503
Other reserves		-		(59,773)

			1,226,503		1,166,730

			1,655,640		1,595,867

TOTAL MEMBERS' INTEREST
Amounts due from members			(228,855)		(122,703)
Loans and other debts due to members			429,137		429,137
Members' other interests			1,226,503		1,166,730

			1,426,785		1,473,164

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Vimas 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

Miss Simran Brahmbhatt Designated Member	Mrs Asmita Brahmbhatt Designated Member
31 December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Vimas LLP is a limited liability partnership, incorporated in England & Wales, registered number OC308975 . The Registered Office is Unit 4 Eclipse Industrial Estate, 20 Sandown Road, Watford, Hertfordshire, WD24 7AE.

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.

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:

Freehold	2% on cost
Motor Vehicles	15% reducing balance
Fixtures & Fittings	25% reducing balance

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 2)

4. Members' Remuneration

	2025		2024
Average number of members during the year	2		2

5. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	2,743,677	54,990	4,497	2,803,164

As at 31 March 2025	2,743,677	54,990	4,497	2,803,164

Depreciation
As at 1 April 2024	43,899	18,239	4,412	66,550
Provided during the period	21,949	5,513	21	27,483

As at 31 March 2025	65,848	23,752	4,433	94,033

...CONTINUED

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Vimas LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	2,677,829	31,238	64	2,709,131

As at 1 April 2024	2,699,778	36,751	85	2,736,614

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	52,343	51,094
Amounts owed by group undertakings	520,293	520,293
Other debtors	234,039	127,208

	806,675	698,595

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	160,660	152,350
Amounts owed to group undertakings	95,993	89,993
Other creditors	57,012	52,262

	313,665	294,605

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

	2025	2024
	£	£
Bank loans	965,610	965,610
Other loans	584,326	584,326

	1,549,936	1,549,936

9. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	965,610	965,610
Other loans	584,326	584,326

	1,549,936	1,549,936

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