Silverfin false 31/03/2024 01/04/2023 31/03/2024 Hazlewell (LAG) Limited 29/05/2012 TDL Properties (Sandy Lane) Limited 29/05/2012 SL Property Developments LTD 01/04/2021 12 August 2024 OC375613 2024-03-31 OC375613 bus:Director1 2024-03-31 OC375613 bus:Director2 2024-03-31 OC375613 bus:Director3 2024-03-31 OC375613 2023-03-31 OC375613 core:CurrentFinancialInstruments 2024-03-31 OC375613 core:CurrentFinancialInstruments 2023-03-31 OC375613 2023-04-01 2024-03-31 OC375613 bus:FullAccounts 2023-04-01 2024-03-31 OC375613 bus:SmallEntities 2023-04-01 2024-03-31 OC375613 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 OC375613 bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC375613 bus:Director1 2023-04-01 2024-03-31 OC375613 bus:Director2 2023-04-01 2024-03-31 OC375613 bus:Director3 2023-04-01 2024-03-31 OC375613 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: OC375613 (England and Wales)

SANDY LANE (TEDDINGTON) LLP

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

SANDY LANE (TEDDINGTON) LLP

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

SANDY LANE (TEDDINGTON) LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION

For the financial year ended 31 March 2024
SANDY LANE (TEDDINGTON) LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

For the financial year ended 31 March 2024
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
SANDY LANE (TEDDINGTON) LLP

BALANCE SHEET

As at 31 March 2024
SANDY LANE (TEDDINGTON) LLP

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Current assets
Stocks 1,093,404 1,082,204
Cash at bank and in hand 3 24,189 170,857
1,117,593 1,253,061
Creditors: amounts falling due within one year 4 ( 9,464) ( 9,782)
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 1,108,129 1,243,279
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

For the financial year ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of Sandy Lane (Teddington) LLP (registered number: OC375613) were approved and authorised for issue by the Board of Directors on 12 August 2024. They were signed on its behalf by:

Hazlewell (LAG) Limited
Designated member
SANDY LANE (TEDDINGTON) LLP

RECONCILIATION OF MEMBERS' INTERESTS

For the financial year ended 31 March 2024
SANDY LANE (TEDDINGTON) LLP

RECONCILIATION OF MEMBERS' INTERESTS (continued)

For the financial year ended 31 March 2024
EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
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

SANDY LANE (TEDDINGTON) LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
SANDY LANE (TEDDINGTON) LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

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.

General information and basis of accounting

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 £.

Turnover

Turnover represents proceeds from the sale of property. Sales proceeds are recognised on completion.

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.

Impairment of assets

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
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Cash and cash equivalents

Cash and cash equivalents include deposits held at call with banks.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the LLP during the year 0 0

3. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 24,189 170,857

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 3,840 0
Other creditors 5,624 9,782
9,464 9,782