REGISTERED NUMBER:
OC368480
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Filleted Unaudited Financial Statements |
|
Year ended 30 September 2025
|
Statement of financial position |
2 |
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Notes to the financial statements |
3 |
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Year ended 30 September 2025
The members present their report and the unaudited financial statements of the LLP for the year ended
30 September 2025
.
Principal activities
The principal activity of the LLP is to provide project management and consultancy services for the development of real estate.
Designated members
The designated members who served the LLP during the year were as follows:
Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members
Each member's subscription to capital of the LLP is determined by their share of the profit and is repayable following retirement from the LLP.
Details of changes in member's capital are set out in the financial statements.
Member are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares during the course of the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business.
This report was approved by the members on
19 March 2026
and signed on behalf of the members by:
|
Mr Z Hanif |
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Designated Member |
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Registered office: |
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Unit 3 |
|
130 Brixton Hill |
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London |
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SW2 1RS |
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Statement of Financial Position |
|
30 September 2025
Current assets
|
Creditors: amounts falling due within one year |
5 |
49,472 |
|
48,423 |
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-------- |
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-------- |
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Net current liabilities |
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– |
– |
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Represented by:
Loans and other debts due to members
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Other amounts |
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– |
– |
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---- |
---- |
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Members' other interests
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Other reserves |
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– |
– |
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|
---- |
---- |
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– |
– |
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|
---- |
---- |
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Total members' interests
|
Amounts due from members |
|
(29,472) |
(28,423) |
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Loans and other debts due to members |
|
– |
– |
|
Members' other interests |
|
– |
– |
|
|
-------- |
-------- |
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|
(29,472) |
(28,423) |
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-------- |
-------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
For the year ending 30 September 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) relating to small LLPs.
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 financial statements
.
These financial statements were approved by the
members
and authorised for issue on
19 March 2026
, and are signed on their behalf by:
|
Mr Z Hanif |
|
Designated Member |
|
Registered number:
OC368480
|
Notes to the Financial Statements |
|
Year ended 30 September 2025
The LLP is registered in England and Wales. The address of the registered office is Unit 3, 130 Brixton Hill, London, SW2 1RS.
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2. |
Statement of compliance |
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These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investment that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Going concern
The LLP is reliant on the support of the designated member in order to continue in operational existence and meet its liabilities as they fall due. The member is satisfied that he will continue to support the LLP and as such the going concern basis is appropriate for the preparation of the accounts.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
49,472 |
48,423 |
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-------- |
-------- |
|
|
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5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
42,501 |
42,501 |
|
Social security and other taxes |
5,286 |
5,286 |
|
Other creditors |
1,685 |
636 |
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-------- |
-------- |
|
49,472 |
48,423 |
|
-------- |
-------- |
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6. |
Related party transactions |
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Included in other debtors is an amount owed from entities under common control of £20,000 (2024: £20,000).
The LLP was under the control of Mr Zahid Hanif, a designated member, during the current period.