Dr N G Mikhaeel LLP - LLP accounts 22.3

REGISTERED NUMBER: OC362428 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

DR N G MIKHAEEL LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

N G Mikhaeel

Mrs W S Zaki

M Mikhaeel

A Mikhaeel

REGISTERED OFFICE:

The Old Barn

off Wood Street

Swanley Village

Kent

BR8 7PA

REGISTERED NUMBER:

OC362428 (England and Wales)

ACCOUNTANTS:

Riddingtons Ltd

The Old Barn

off Wood Street

Swanley Village

Kent

BR8 7PA

The members present their report with the financial statements of the LLP for the year ended 31 March 2022.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of oncologists.

DESIGNATED MEMBERS

The designated members during the year under review were:

N G Mikhaeel

Mrs W S Zaki

M Mikhaeel

A Mikhaeel

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £83,476 (2021 - £63,000 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

N G Mikhaeel - Designated member

19 December 2022

TURNOVER

114,128

94,552

Administrative expenses

29,744

30,644

OPERATING PROFIT

4

84,384

63,908

Interest payable and similar expenses

908

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS

83,476

63,000

FIXED ASSETS

Tangible assets

5

21,304

28,408

CURRENT ASSETS

Debtors

6

14,262

17,748

Cash at bank

35,089

3,496

49,351

21,244

CREDITORS

Amounts falling due within one year

7

23,886

5,917

NET CURRENT ASSETS

25,465

15,327

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

46,769

43,735

LOANS AND OTHER DEBTS DUE TO
MEMBERS

46,769

43,735

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

46,769

43,735

Amounts due from members

6

(1,428

)

(740

)

45,341

42,995

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 2022.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 19 December 2022 and were signed by:

N G Mikhaeel - Designated member

Mrs W S Zaki - Designated member

1.	STATUTORY INFORMATION

Dr N G Mikhaeel 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.

Hire purchase and leasing commitments

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

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2021 - NIL).

4.	OPERATING PROFIT

The operating profit is stated after charging:

2022

2021

£

Depreciation - owned assets

7,104

9,472

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

and 31 March 2022

58,201

DEPRECIATION

At 1 April 2021

29,793

Charge for year

7,104

At 31 March 2022

36,897

NET BOOK VALUE

At 31 March 2022

21,304

At 31 March 2021

28,408

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Trade debtors

11,834

17,008

Other debtors

2,428

740

14,262

17,748

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Trade creditors

4,683

5,917

Other creditors

19,203

-

23,886

5,917