Valli LLP - Filleted accounts

Registered number

OC340945

Valli LLP

Filleted Accounts

30 April 2025

Valli LLP
Registered number:		OC340945
Balance Sheet
as at 30 April 2025
Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	460,547		474,503
Current assets
Debtors	4	1,609,067		1,625,190
Cash at bank and in hand		12,021		8,285
		1,621,088		1,633,475

Creditors: amounts falling due within one year	5	(36,382)		(36,861)

Net current assets		1,584,706		1,596,614

Total assets less current liabilities		2,045,253		2,071,117



Net assets attributable to members		2,045,253		2,071,117

Represented by:
Loans and other debts due to members	6	64,813		90,677

Members' other interests
Members' capital classified as equity		1,980,440		1,980,440

		2,045,253		2,071,117

Total members' interests
Loans and other debts due to members	6	64,813		90,677
Members' other interests		1,980,440		1,980,440

		2,045,253		2,071,117

For the year ended 30 April 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 12 December 2025 and signed on their behalf by:


H Valli
Designated member

Valli LLP
Notes to the Accounts
for the year ended 30 April 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Plant and machinery	25% straight line
	Motor Vehicles	20% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the LLP			5		5


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 May 2024	697,796		1,394		699,190
	At 30 April 2025	697,796		1,394		699,190

	Depreciation
	At 1 May 2024	223,293		1,394		224,687
	Charge for the year	13,956		-		13,956
	At 30 April 2025	237,249		1,394		238,643

	Net book value
	At 30 April 2025	460,547		-		460,547
	At 30 April 2024	474,503		-		474,503


4	Debtors			2025		2024
£					£

	Trade debtors			24,576		22,923
	Other debtors			1,584,491		1,602,267
				1,609,067		1,625,190


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			1,750		1,650
	Other taxes and social security costs			20,401		21,363
	Other creditors			14,231		13,848
				36,382		36,861


6	Loans and other debts due to members			2025		2024
£					£

	Amounts due to members in respect of profits			64,813		90,677

	Amounts falling due within one year			64,813		90,677

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


7	Other information

	Valli LLP is a limited liability partnership incorporated in England. Its registered office is:
	44 Warren Street
	Dewsbury
	WF12 9LX