REGISTERED NUMBER: OC424461 (England and Wales)

EPSD LLP

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs H K Dhaliwal

E P S Dhaliwal

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

OC424461 (England and Wales)

ACCOUNTANTS:

KHI Albury Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

31

220

Investments

5

-

100,000

31

100,220

CURRENT ASSETS

Stocks

922,559

922,559

Debtors

6

502

44,038

Cash at bank

24,696

15,844

947,757

982,441

CREDITORS

Amounts falling due within one year

7

8,947

8,711

NET CURRENT ASSETS

938,810

973,730

TOTAL ASSETS LESS CURRENT LIABILITIES

938,841

1,073,950

CREDITORS

Amounts falling due after more than one year

8

790,145

796,175

NET ASSETS ATTRIBUTABLE TO MEMBERS

148,696

277,775

LOANS AND OTHER DEBTS DUE TO MEMBERS

11

148,696

277,775

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

148,696

277,775

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 30 April 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 12 January 2026 and were signed by:

E P S Dhaliwal - Designated member

1.	STATUTORY INFORMATION

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

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.

Turnover is recognised when the properties are occupied.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% 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.

Cash at bank and in hand

Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

and 30 April 2025

1,651

DEPRECIATION

At 1 May 2024

1,431

Charge for year

189

At 30 April 2025

1,620

NET BOOK VALUE

At 30 April 2025

31

At 30 April 2024

220

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2024

100,000

Disposals

(100,000

)

At 30 April 2025

-

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

100,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

502

44,038

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

5,647

5,651

Other creditors

3,300

3,060

8,947

8,711

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

790,145

796,175

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

767,122

767,599

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans - less than 1 yr

5,647

5,651

Amounts falling due between one and two years:

Bank loans - 1-2 years

11,725

11,730

2025

2024

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

11,298

16,846

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

767,122

767,599

10.	SECURED DEBTS

Bank loans are secured against the individual properties.

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Loans from members

46,054

47,147

Amounts owed to members in respect of profits

102,642

230,628

148,696

277,775

Falling due within one year

102,642

230,628

Falling due after more than one year

46,054

47,147

148,696

277,775

Loan and other debts due to members rank in subordination to Other Creditors. Other Creditors are unsecured.

There are no restrictions on the ability of the Members to reduce the amounts of Members other interests.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E P S Dhaliwal.