IK Eye-Care Vision LLP

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

Registered number: OC395065

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		18,425		24,568

			18,425		24,568
CURRENT ASSETS
Stocks	5	28,000		28,000
Debtors	6	65,949		56,155
Cash at bank and in hand		361		6,849

		94,310		91,004
Creditors: Amounts Falling Due Within One Year	7	(64,070 )		(79,188 )

NET CURRENT ASSETS (LIABILITIES)			30,240		11,816

TOTAL ASSETS LESS CURRENT LIABILITIES			48,665		36,384

Creditors: Amounts Falling Due After More Than One Year	8		(4,856 )		-

NET ASSETS ATTRIBUTABLE TO MEMBERS			43,809		36,384

REPRESENTED BY:
Loans and other debts due to members after more than one year
Members' capital classified as a liability		284,518		180,805
Other amounts		311,840		210,751

			596,358		391,556

Equity
Members' other interests
Members' capital		(843,557)		(646,180)
Profit and loss account reserves		291,008		291,008

			(552,549)		(355,172)

			43,809		36,384

TOTAL MEMBERS' INTEREST
Loans and other debts due to members after more than one year			596,358		391,556
Members' other interests			(552,549)		(355,172)

			43,809		36,384

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IK Eye-Care Vision 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 Abdulqadir Karimjee Partner	Mrs Insiyah Idris Karimjee Partner	Mr Idris Karimjee Partner
19th December 2025

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

1. General Information

IK Eye-Care Vision LLP is a limited liability partnership, incorporated in England & Wales, registered number OC395065 . The Registered Office is Solutions House, 36, Chase Way, Southgate, London, N14 5DE.

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% p.a on a reducing balance basis
Motor Vehicles	25% p.a on a reducing balance basis
Computer Equipment	25% p.a on a reducing balance basis

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

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

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	24,819	90,531	47,925	163,275

As at 31 March 2025	24,819	90,531	47,925	163,275

...CONTINUED

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IK Eye-Care Vision LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	20,402	72,701	45,604	138,707
Provided during the period	1,105	4,458	580	6,143

As at 31 March 2025	21,507	77,159	46,184	144,850

Net Book Value
As at 31 March 2025	3,312	13,372	1,741	18,425

As at 1 April 2024	4,417	17,830	2,321	24,568

5. Stocks

	2025	2024
	£	£
Display stock	28,000	28,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	709	15,345
Amounts owed by participating interests	65,240	40,810

	65,949	56,155

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	53,638	68,903
Other creditors	1,666	2,685
Taxation and social security	8,766	7,600

	64,070	79,188

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

	2025	2024
	£	£
Taxation and social security	4,856	-

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