Simandhar Swami LLP - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC382298 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

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 LLP

Chartered Certified Accountant

8 Wembley Way

Wembley

Middlesex

HA9 6JJ

FIXED ASSETS

Investment property

3

3,829,660

210,399

CURRENT ASSETS

Debtors

4

157,085

21,447

Cash at bank

19,788

1,813

176,873

23,260

CREDITORS

Amounts falling due within one year

5

81,150

8,884

NET CURRENT ASSETS

95,723

14,376

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,925,383

224,775

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

3,925,383

224,775

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

3,925,383

224,775

Amounts due from members

4

(157,085

)

(21,382

)

3,768,298

203,393

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 2017.

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 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 12 December 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

210,399

Additions

3,829,660

Disposals

(210,399

)

At 31 March 2017

3,829,660

NET BOOK VALUE

At 31 March 2017

3,829,660

At 31 March 2016

210,399

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Amounts due from members

157,085

21,382

VAT

-

65

157,085

21,447

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

-

1

VAT

23,800

-

Other creditors

-

8,070

Accruals and deferred income

56,250

-

Accrued expenses

1,100

813

81,150

8,884

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.

7.	ULTIMATE CONTROLLING PARTY

In the opinion of the members the business has no individual controlling party.