REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 November 2022 to 30 November 2023 |
for |
SALIE-PARKER LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 November 2022 to 30 November 2023 |
for |
SALIE-PARKER LLP |
SALIE-PARKER LLP (Registered number: OC444468) |
Contents of the Financial Statements |
for the Period 1 November 2022 to 30 November 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SALIE-PARKER LLP |
General Information |
for the Period 1 November 2022 to 30 November 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SALIE-PARKER LLP (Registered number: OC444468) |
Balance Sheet |
30 November 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
15,055 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
15,055 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members |
15,055 |
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. |
SALIE-PARKER LLP (Registered number: OC444468) |
Balance Sheet - continued |
30 November 2023 |
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 |
SALIE-PARKER LLP (Registered number: OC444468) |
Notes to the Financial Statements |
for the Period 1 November 2022 to 30 November 2023 |
1. | STATUTORY INFORMATION |
SALIE-PARKER LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
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" 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, modified to include investment properties at fair value |
Reporting period |
This is the first time the LLP has presented its financial statements since its incorporation. Hence, the financial statements presented are for the period of more than twelve months with no comparatives. |
Turnover |
Turnover represents the rent receivable in the period. Income is recognised in the period to which it relates. |
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 profit and loss account. |
SALIE-PARKER LLP (Registered number: OC444468) |
Notes to the Financial Statements - continued |
for the Period 1 November 2022 to 30 November 2023 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
The limited liability partnership has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Basic financial assets |
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised. |
Basic financial liabilities |
Basic financial liabilities, including creditors, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
The investment property above has been shown at fair value which is not changed from the acquisition date. |
SALIE-PARKER LLP (Registered number: OC444468) |
Notes to the Financial Statements - continued |
for the Period 1 November 2022 to 30 November 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts (see note 7) |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans (see note 7) |
7. | LOANS |
An analysis of the maturity of loans is given below: |
£ |
Amounts falling due within one year or on demand: |
Bank loans - less than 1 yr |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
Included within creditors falling due within one year and more than one year are bank loans amounting to £238,770 |
Bank loan are secured over the properties owned by the company. |