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REGISTERED NUMBER: OC435624 (England and Wales)










Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Sacyab Property Investment LLP

Sacyab Property Investment LLP (Registered number: OC435624)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sacyab Property Investment LLP

General Information
for the Year Ended 28 February 2023







DESIGNATED MEMBERS: M Miranda
A Miranda
H Miranda
E Miranda





REGISTERED OFFICE: 46 Coatham Road
Redcar
Cleveland
TS10 1RS





REGISTERED NUMBER: OC435624 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Sacyab Property Investment LLP (Registered number: OC435624)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,292 6,218
Investment property 5 227,000 220,000
235,292 226,218

CURRENT ASSETS
Debtors 6 878 200
Cash at bank 1,320 601
2,198 801
CREDITORS
Amounts falling due within one year 7 (1,338 ) (1,080 )
NET CURRENT ASSETS/(LIABILITIES) 860 (279 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,152

225,939

CREDITORS
Amounts falling due after more than one
year

8

(150,839

)

-
NET ASSETS ATTRIBUTABLE TO
MEMBERS

85,313

225,939

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

85,313

225,939

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 85,313 225,939

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 28 February 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.

Sacyab Property Investment LLP (Registered number: OC435624)

Balance Sheet - continued
28 February 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 24 November 2023 and were signed by:





M Miranda - Designated member

Sacyab Property Investment LLP (Registered number: OC435624)

Notes to the Financial Statements
for the Year Ended 28 February 2023

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
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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 (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 5,647 1,218 6,865
Additions 4,332 - 4,332
At 28 February 2023 9,979 1,218 11,197
DEPRECIATION
At 1 March 2022 444 203 647
Charge for year 1,953 305 2,258
At 28 February 2023 2,397 508 2,905
NET BOOK VALUE
At 28 February 2023 7,582 710 8,292
At 28 February 2022 5,203 1,015 6,218

Sacyab Property Investment LLP (Registered number: OC435624)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 220,000
Revaluations 7,000
At 28 February 2023 227,000
NET BOOK VALUE
At 28 February 2023 227,000
At 28 February 2022 220,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2022 26,535
Valuation in 2023 7,000
Cost 193,465
227,000

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by members on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 878 200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accrued expenses 1,338 1,080

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yrs non-inst 150,839 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 150,839 -

Sacyab Property Investment LLP (Registered number: OC435624)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 150,839 -

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.