1 November 2022 true No description of principal activity Taxfiler 2024.4 OC429349business:LimitedLiabilityPartnershipLLP2022-11-012023-10-31 OC4293492022-10-31 OC429349business:EntityNoLongerTradingButTradedInPast2022-11-012023-10-31 OC4293492022-11-012023-10-31 OC429349business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 OC429349business:FullAccounts2022-11-012023-10-31 OC4293492023-10-31 OC429349business:PartnerLLP12022-11-012023-10-31 OC429349business:PartnerLLP22022-11-012023-10-31 OC429349business:RegisteredOffice2022-11-012023-10-31 OC4293492022-10-31 OC429349core:WithinOneYear2023-10-31 OC429349core:WithinOneYear2022-10-31 OC429349core:AfterOneYear2023-10-31 OC429349core:AfterOneYear2022-10-31 OC429349core:ShareCapital2023-10-31 OC429349core:ShareCapital2022-10-31 OC429349core:RetainedEarningsAccumulatedLosses2023-10-31 OC429349core:RetainedEarningsAccumulatedLosses2022-10-31 OC429349business:SmallEntities2022-11-012023-10-31 OC429349core:PlantMachinery2022-11-012023-10-31 OC429349countries:EnglandWales2022-11-012023-10-31 OC429349core:LandBuildings2022-10-31 OC429349core:PlantMachinery2022-10-31 OC429349core:LandBuildings2023-10-31 OC429349core:PlantMachinery2023-10-31 OC429349core:LandBuildings2022-11-012023-10-31 OC4293492021-11-012022-10-31 iso4217:GBP xbrli:pure
Registered No. OC429349 (England and Wales)
S & A BAINS PROPERTY DEVELOPMENT LLP Unaudited accounts for the year ended 31 October 2023
S & A BAINS PROPERTY DEVELOPMENT LLP LLP Information for the year ended 31 October 2023
Designated members
Mr Avtar Singh Bains
Mr Sandeep Bains
Registered Number
OC429349 (England and Wales)
Registered Office
9 WHITSTABLE ROAD FAVERSHAM KENT ME13 8BE ENGLAND
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S & A BAINS PROPERTY DEVELOPMENT LLP Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
521,556 
521,667 
Current assets
Cash at bank and in hand
227 
5 
Creditors: amounts falling due within one year
(420)
(350)
Net current liabilities
(193)
(345)
Total assets less current liabilities
521,363 
521,322 
Creditors: amounts falling due after more than one year
(289,975)
(289,975)
Provisions for liabilities
(420)
(700)
Net assets attributable to members
230,968 
230,647 
Represented by:
Members' other interests
Members' capital classified as equity
232,924 
232,603 
Other reserves
(1,956)
(1,956)
230,968 
230,647 
230,968 
230,647 
Total members' interests
Members' other interests
230,968 
230,647 
230,968 
230,647 
For the year ending 31 October 2023 the LLP was entitled to exemption from audit under section 480 of the Companies Act 2006 (as applied to LLPs) relating to dormant LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 31 July 2024.
Mr Sandeep Bains Designated member Limited Liability Partnership Registration No. OC429349
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S & A BAINS PROPERTY DEVELOPMENT LLP Notes to the Accounts for the year ended 31 October 2023
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Members' remuneration
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense. Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
2
Statutory information
S & A BAINS PROPERTY DEVELOPMENT LLP is a limited liability partnership, incorporated in England and Wales, registration number OC429349. Its registered office is 9 WHITSTABLE ROAD, FAVERSHAM, KENT, ME13 8BE, ENGLAND.
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S & A BAINS PROPERTY DEVELOPMENT LLP Notes to the Accounts for the year ended 31 October 2023
3
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
521,371 
555 
521,926 
At 31 October 2023
521,371 
555 
521,926 
Depreciation
At 1 November 2022
- 
259 
259 
Charge for the year
- 
111 
111 
At 31 October 2023
- 
370 
370 
Net book value
At 31 October 2023
521,371 
185 
521,556 
At 31 October 2022
521,371 
296 
521,667 
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Accruals
420 
350 
5
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
289,975 
289,975 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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