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REGISTERED NUMBER: OC420553 (England and Wales)










Financial Statements

for the Year Ended 30 March 2023

for

Savoys Capital LLP

Savoys Capital LLP (Registered number: OC420553)






Contents of the Financial Statements
for the Year Ended 30 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Savoys Capital LLP

General Information
for the Year Ended 30 March 2023







DESIGNATED MEMBERS: S Kumar
M Purewal





REGISTERED OFFICE: 4 Station Parade
Ruislip
England
HA4 7DL





REGISTERED NUMBER: OC420553 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Savoys Capital LLP (Registered number: OC420553)

Balance Sheet
30 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,266 1,688
Investment property 5 1,694,935 1,261,657
1,696,201 1,263,345

CURRENT ASSETS
Debtors 6 7,000 -
Cash at bank 21,863 36,507
28,863 36,507
CREDITORS
Amounts falling due within one year 7 (542,513 ) (463,888 )
NET CURRENT LIABILITIES (513,650 ) (427,381 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,182,551

835,964

CREDITORS
Amounts falling due after more than one year 8 (1,075,771 ) (763,737 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

106,780

72,227

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

106,780

72,227

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 106,780 72,227

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 30 March 2023.

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.

Savoys Capital LLP (Registered number: OC420553)

Balance Sheet - continued
30 March 2023


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 1 November 2023 and were signed by:





M Purewal - Designated member

Savoys Capital LLP (Registered number: OC420553)

Notes to the Financial Statements
for the Year Ended 30 March 2023

1. STATUTORY INFORMATION

Savoys Capital 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.

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 - 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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 31 March 2022
and 30 March 2023 4,974
DEPRECIATION
At 31 March 2022 3,286
Charge for year 422
At 30 March 2023 3,708
NET BOOK VALUE
At 30 March 2023 1,266
At 30 March 2022 1,688

Savoys Capital LLP (Registered number: OC420553)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2022 1,261,657
Additions 433,278
At 30 March 2023 1,694,935
NET BOOK VALUE
At 30 March 2023 1,694,935
At 30 March 2022 1,261,657

Fair value at 30 March 2023 is represented by:
£   
Valuation in 2019 900,000
Valuation in 2022 433,278
Cost 361,657
1,694,935

Property valuations are based upon independent reports provided by professional institutions and reflect the market value.

Where such valuations were unavailable reliance has been placed upon online market information that reflects the fair value and is independent of management. Further to this, management has also provided valuations based upon the developments and activities of the property within the context of the current economic climate.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 7,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,666 3,640
Loans 20,000 31,800
Other creditors 327,944 327,944
Other creditors 147,703 57,962
Accrued expenses 42,200 42,542
542,513 463,888

Savoys Capital LLP (Registered number: OC420553)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
BBL more than 1 year 37,077 41,743
Mortgage loan 1,038,694 -
Other loans - 2-5 years - 120,019
Other loans more 5yrs instal - 601,975
1,075,771 763,737

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 601,975

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Loans 20,000 753,794

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans due to other members rank ahead of other debts in the event of a liquidation.

11. RELATED PARTY DISCLOSURES

Included within other creditors is £57,962 (2022: £57,962) due to M & S Capital LLP, a partnership controlled by the designated members.