ALI PATEL LLP

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

Registered number: OC424320

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,368,000		768,000

			1,368,000		768,000
CURRENT ASSETS
Cash at bank and in hand		49,552		36,206

		49,552		36,206
Creditors: Amounts Falling Due Within One Year	5	(2,161 )		(2,160 )

NET CURRENT ASSETS (LIABILITIES)			47,391		34,046

TOTAL ASSETS LESS CURRENT LIABILITIES			1,415,391		802,046

Creditors: Amounts Falling Due After More Than One Year	6		(680,775 )		(207,245 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			734,616		594,801

REPRESENTED BY:
Equity
Members' other interests
Members' capital		391,089		524,069
Revaluation reserve		225,330		-
Other reserves		118,197		70,732

			734,616		594,801

TOTAL MEMBERS' INTEREST
Members' other interests			734,616		594,801

			734,616		594,801

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ALI PATEL 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 Sazid Patel

Designated Member

12/12/2025

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

1. General Information

ALI PATEL LLP is a limited liability partnership, incorporated in England & Wales, registered number OC424320 . The Registered Office is C/O Churchill Tax Advisers And Accountants , 361 Green Lane, Ilford, Essex, IG3 9TQ.

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 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

No depreciation

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

	Land & Property
	Freehold
	£
Cost or Valuation
As at 1 April 2024	768,000
Additions	374,670
Revaluation	225,330

As at 31 March 2025	1,368,000

Net Book Value
As at 31 March 2025	1,368,000

As at 1 April 2024	768,000

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ALI PATEL LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1	-
Other creditors	2,160	2,160

	2,161	2,160

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

	2025	2024
	£	£
Bank loans	680,775	207,245

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