REGISTERED NUMBER: |
Financial Statements |
for the Period |
19 February 2021 to 28 February 2022 |
for |
Sacyab Property Investment LLP |
REGISTERED NUMBER: |
Financial Statements |
for the Period |
19 February 2021 to 28 February 2022 |
for |
Sacyab Property Investment LLP |
Sacyab Property Investment LLP (Registered number: OC435624) |
Contents of the Financial Statements |
for the Period 19 February 2021 to 28 February 2022 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Sacyab Property Investment LLP |
General Information |
for the Period 19 February 2021 to 28 February 2022 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Oaklea House |
46 Coatham Road |
Redcar |
TS10 1RS |
Sacyab Property Investment LLP (Registered number: OC435624) |
Balance Sheet |
28 February 2022 |
Notes | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
225,938 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
225,938 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 225,938 |
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. |
Sacyab Property Investment LLP (Registered number: OC435624) |
Balance Sheet - continued |
28 February 2022 |
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 |
Sacyab Property Investment LLP (Registered number: OC435624) |
Notes to the Financial Statements |
for the Period 19 February 2021 to 28 February 2022 |
1. | STATUTORY INFORMATION |
Sacyab Property Investment 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 |
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 |
Fixtures and fittings | - |
Computer equipment | - |
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 period was NIL. |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
Additions |
At 28 February 2022 |
DEPRECIATION |
Charge for period |
At 28 February 2022 |
NET BOOK VALUE |
At 28 February 2022 |
Sacyab Property Investment LLP (Registered number: OC435624) |
Notes to the Financial Statements - continued |
for the Period 19 February 2021 to 28 February 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
Revaluations | 26,535 |
At 28 February 2022 |
NET BOOK VALUE |
At 28 February 2022 |
Fair value at 28 February 2022 is represented by: |
£ |
Valuation in 2022 | 26,535 |
Cost | 193,465 |
220,000 |
Properties are required to be disclosed within the financial statements at fair value. |
The director is of the opinion that the fair value of the company's properties is £220,000 which is based upon open market value basis, by reference to market evidence of transaction prices for similar properties. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Accrued expenses |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Members rank ahead of other creditors in a liquidation. |