Company No:
Contents
DESIGNATED MEMBERS | Hazlewell (LAG) Limited |
TDL Properties (Sandy Lane) Limited | |
SL Property Developments LTD |
REGISTERED OFFICE | 2 Leman Street |
E1W 9US | |
London | |
United Kingdom |
REGISTERED NUMBER | OC375613 (England and Wales) |
CHARTERED ACCOUNTANTS | GRAVITA III LLP |
Aldgate Tower | |
2 Leman Street | |
London | |
E1 8FA | |
United Kingdom |
Note | 2024 | 2023 | ||
£ | £ | |||
Current assets | ||||
Stocks |
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Cash at bank and in hand | 3 |
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1,117,593 | 1,253,061 | |||
Creditors: amounts falling due within one year | 4 | (
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(
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Net current assets | 1,108,129 | 1,243,279 | ||
Total assets less current liabilities | 1,108,129 | 1,243,279 | ||
Net assets attributable to members |
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Represented by | ||||
Loans and other debts due to members within one year | ||||
Members' capital classified as a liability | 1,108,029 | 1,243,179 | ||
1,108,029 | 1,243,179 | |||
Members' other interests | ||||
Members' capital classified as equity | 100 | 100 | ||
100 | 100 | |||
1,108,129 | 1,243,279 | |||
Total members' interests | ||||
Loans and other debts due to members | 1,108,029 | 1,243,179 | ||
Members' other interests | 100 | 100 | ||
1,108,129 | 1,243,279 |
Members' responsibilities:
The financial statements of Sandy Lane (Teddington) LLP (registered number:
Hazlewell (LAG) Limited
Designated member |
EQUITY Members' other interests |
DEBT Loans and other debts due to members less any amounts due from members in debtors |
Total members' interests | |||||
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Members' capital (classified as equity) | Other reserves | Total | Members' capital (classified as debt) | Other amounts | Total | Total | |
£ | £ | £ | £ | £ | £ | £ | |
Amounts due to members | 2,183,112 | 0 | 2,183,112 | ||||
Amounts due from members | (434) | (434) | |||||
Balance at 01 April 2022 | 100 | 0 | 100 | 2,182,678 | 0 | 2,182,678 | 2,182,778 |
Profit for the financial year available for discretionary division among members | 0 | 4,451 | 4,451 | 0 | 0 | 0 | 4,451 |
Members' interest after profit for the financial year | 100 | 4,451 | 4,551 | 2,182,678 | 0 | 2,182,678 | 2,187,229 |
Division of profit | 0 | (4,451) | (4,451) | 0 | 4,451 | 4,451 | 0 |
Repayment of capital | 0 | 0 | 0 | (943,950) | 0 | (943,950) | (943,950) |
Amounts due to members | 1,243,179 | 0 | 1,243,179 | ||||
Balance at 31 March 2023 | 100 | 0 | 100 | 1,243,179 | 0 | 1,243,179 | 1,243,279 |
Loss for the financial year available for discretionary division among members | 0 | (15,150) | (15,150) | 0 | 0 | 0 | (15,150) |
Members' interest after loss for the financial year | 100 | (15,150) | (15,050) | 1,243,179 | 0 | 1,243,179 | 1,228,129 |
Division of loss | 0 | 15,150 | 15,150 | 0 | (15,150) | (15,150) | 0 |
Repayment of capital | 0 | 0 | 0 | (120,000) | 0 | (120,000) | (120,000) |
Amounts due to members | 1,108,029 | 0 | 1,108,029 | ||||
Balance at 31 March 2024 | 100 | 0 | 100 | 1,108,029 | 0 | 1,108,029 | 1,108,129 |
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Sandy Lane (Teddington) LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 66 Prescot Street, London, E1 8NN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the limited liability partnership and rounded to the nearest £.
If, at the balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the balance sheet date are carried forward as work in progress.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Financial assets
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the LLP during the year |
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£ | £ | ||
Cash at bank and in hand |
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£ | £ | ||
Trade creditors |
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Other creditors |
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