Aldha Llp - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC328682 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Aldha LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Dr S A Alvi

Dr J S Dhariwal

REGISTERED OFFICE:

5b (Unit 22) Hamilton House

St George Wharf

London

SW8 2LW

REGISTERED NUMBER:

OC328682 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

1,647

2,067

Investment property

5

1,200,000

1,200,000

1,201,647

1,202,067

CURRENT ASSETS

Debtors

6

72,819

72,536

Cash at bank

9,081

3,846

81,900

76,382

CREDITORS

Amounts falling due within one year

7

27,298

27,147

NET CURRENT ASSETS

54,602

49,235

TOTAL ASSETS LESS CURRENT LIABILITIES

1,256,249

1,251,302

CREDITORS

Amounts falling due after more than one year

8

316,124

340,215

NET ASSETS ATTRIBUTABLE TO MEMBERS

940,125

911,087

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

224,616

195,578

MEMBERS' OTHER INTERESTS

Capital accounts

47,265

47,265

Fair value reserve

10

668,244

668,244

940,125

911,087

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

224,616

195,578

Members' other interests

715,509

715,509

940,125

911,087

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 18 December 2020 and were signed by:

Dr S A Alvi - Designated member

1.	STATUTORY INFORMATION

Aldha 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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2019

and 31 March 2020

28,322

3,788

32,110

DEPRECIATION

At 1 April 2019

26,375

3,668

30,043

Charge for year

390

30

420

At 31 March 2020

26,765

3,698

30,463

NET BOOK VALUE

At 31 March 2020

1,557

90

1,647

At 31 March 2019

1,947

120

2,067

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

1,200,000

NET BOOK VALUE

At 31 March 2020

1,200,000

At 31 March 2019

1,200,000

Fair value at 31 March 2020 is represented by:

£

Valuation in 2016

268,244

Valuation in 2017

400,000

Cost

531,756

1,200,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.20

31.3.19

£

£

Cost

531,756

531,756

Investment property was valued on an open market value basis on 31 March 2020 by the Members .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors - RDS

71,401

71,401

Prepayments and accrued income

1,418

1,135

72,819

72,536

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

23,000

23,000

Trade creditors

1,366

1,314

VAT

1,932

1,833

Accrued expenses

1,000

1,000

27,298

27,147

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans - 1-2 years

23,000

23,000

Bank loans - 2-5 years

69,000

69,000

Bank loans more 5 yr by instal

224,124

248,215

316,124

340,215

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

224,124

248,215

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.20

31.3.19

£

£

Amounts owed to members in respect of profits

224,616

195,578

Falling due within one year

224,616

195,578

Loans and other debts due to members', other than members' capital classified as debt rank equally in relation to unsecured other creditors.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2019

and 31 March 2020

668,244

11.	RELATED PARTY DISCLOSURES

Aldha LLP rents the premises to Riverside Dental Spa LLP, another entity in which Dr J S Dhariwal and Dr S Alvi are Members, from which rent of £42,000 (2019 - £42,000) was received during the year.

Included in debtors is an amount of £71,401 (2019 - £71,401) payable by Riverside Dental Spa LLP.

12.	ULTIMATE CONTROLLING PARTY

The LLP is controlled by its members.