Bilimoria & Bilimoria LLP - Accounts to registrar (filleted) - small 18.2

Bilimoria & Bilimoria LLP - Accounts to registrar (filleted) - small 18.2

BILIMORIA & BILIMORIA LLP - Company Information

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REGISTERED NUMBER: OC347343 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2018

FOR

BILIMORIA & BILIMORIA LLP
BILIMORIA & BILIMORIA LLP (REGISTERED NUMBER: OC347343)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2018










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BILIMORIA & BILIMORIA LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST JULY 2018







DESIGNATED MEMBERS: Lord K F Bilimoria
Lady L H Bilimoria





REGISTERED OFFICE: 1 Doughty Street
London
WC1N 2PH





REGISTERED NUMBER: OC347343 (England and Wales)





Page 1
BILIMORIA & BILIMORIA LLP (REGISTERED NUMBER: OC347343)

BALANCE SHEET
31ST JULY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,379 73,840

CURRENT ASSETS
Debtors 5 109,756 93,970
Cash at bank 44,660 38,983
154,416 132,953
CREDITORS
Amounts falling due within one year 6 59,450 28,846
NET CURRENT ASSETS 94,966 104,107
TOTAL ASSETS LESS CURRENT
LIABILITIES
150,345
177,947

CREDITORS
Amounts falling due after more than one
year
7
58,282
67,437
NET ASSETS ATTRIBUTABLE TO
MEMBERS
92,063
110,510

LOANS AND OTHER DEBTS DUE TO
MEMBERS
9
92,063
110,510

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 92,063 110,510
Amounts due from members 5 - (66,488 )
92,063 44,022

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 31st July 2018.

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 notes form part of these financial statements

Page 2 continued...
BILIMORIA & BILIMORIA LLP (REGISTERED NUMBER: OC347343)

BALANCE SHEET - continued
31ST JULY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 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 small LLPs.

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 on 30th April 2019 and were signed by:





Lord K F Bilimoria - Designated member

The notes form part of these financial statements

Page 3
BILIMORIA & BILIMORIA LLP (REGISTERED NUMBER: OC347343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2018


1. STATUTORY INFORMATION

Bilimoria & Bilimoria 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme
are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2017 - 4 ) .

Page 4 continued...
BILIMORIA & BILIMORIA LLP (REGISTERED NUMBER: OC347343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2018


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2017
and 31st July 2018 144,821
DEPRECIATION
At 1st August 2017 70,981
Charge for year 18,461
At 31st July 2018 89,442
NET BOOK VALUE
At 31st July 2018 55,379
At 31st July 2017 73,840

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st August 2017
and 31st July 2018 142,939
DEPRECIATION
At 1st August 2017 69,349
Charge for year 18,398
At 31st July 2018 87,747
NET BOOK VALUE
At 31st July 2018 55,192
At 31st July 2017 73,590

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 31,981 22,383
Other debtors 77,775 71,587
109,756 93,970

Page 5 continued...
BILIMORIA & BILIMORIA LLP (REGISTERED NUMBER: OC347343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2018


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 11,090 10,808
Trade creditors 20,106 1,814
Taxation and social security 8,458 11,391
Other creditors 19,796 4,833
59,450 28,846

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 58,282 67,437

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 69,372 78,245

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2018 2017
£    £   
Amounts owed to members in respect of profits 92,063 110,510

Falling due within one year 92,063 110,510

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital
classified as debt) would rank pari passu with other unsecured creditors of the company.

There are no restrictions or limitations as such existing on the ability of the members to reduce the amount of
'Members' other interests'.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Lord & Lady K F Bilimoria.

Page 6