Simandhar Swami LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC382298 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Simandhar Swami LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R Soni

N Shah

A Soni

REGISTERED OFFICE:

Suite 2 Rama Apartments

Harrow

Middlesex

HA1 1JU

REGISTERED NUMBER:

OC382298 (England and Wales)

ACCOUNTANTS:

Kallis

22 Westward Way

Harrow

Middlesex

HA3 0SE

FIXED ASSETS

Investment property

4

3,846,416

3,840,824

CURRENT ASSETS

Cash at bank

32,741

25,270

CREDITORS

Amounts falling due within one year

5

76,702

86,184

NET CURRENT LIABILITIES

(43,961

)

(60,914

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,802,455

3,779,910

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

3,802,455

3,779,910

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

3,802,455

3,779,910

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 31 March 2020.

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 15 November 2020 and were signed by:

N Shah - Designated member

1.	STATUTORY INFORMATION

Simandhar Swami 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.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially

recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2019 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

3,840,824

Additions

5,592

At 31 March 2020

3,846,416

NET BOOK VALUE

At 31 March 2020

3,846,416

At 31 March 2019

3,840,824

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

VAT

16,308

23,908

Accruals and deferred income

56,250

56,250

Accrued expenses

4,144

6,026

76,702

86,184

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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