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REGISTERED NUMBER: OC313034 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Thomas Sinden Estates LLP

Thomas Sinden Estates LLP (Registered number: OC313034)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thomas Sinden Estates LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: G Sinden
Thomas Sinden Limited





REGISTERED OFFICE: 137-145 Church Road
Harold Wood
Romford
Essex
RM3 0SH





REGISTERED NUMBER: OC313034 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Thomas Sinden Estates LLP (Registered number: OC313034)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,500,000 3,500,000

CURRENT ASSETS
Debtors 5 428,287 310,587
Cash at bank 9,204 94,492
437,491 405,079
CREDITORS
Amounts falling due within one year 6 109,447 101,231
NET CURRENT ASSETS 328,044 303,848
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,828,044

3,803,848

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

3,473,044

3,448,848

MEMBERS' OTHER INTERESTS
Capital accounts 355,000 355,000
3,828,044 3,803,848

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 3,473,044 3,448,848
Members' other interests 355,000 355,000
Amounts due from members 5 (365,916 ) (248,899 )
3,462,128 3,554,949

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 31 March 2024.

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.

Thomas Sinden Estates LLP (Registered number: OC313034)

Balance Sheet - continued
31 March 2024


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 5 October 2024 and were signed by:





G Sinden - Designated member

Thomas Sinden Estates LLP (Registered number: OC313034)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Thomas Sinden Estates 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.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

Turnover
Turnover represents rental income measured at the fair value of the consideration received or receivable.

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.

Financial instruments
The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Debtors
Short term debtors are measured at the transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 3,500,000
NET BOOK VALUE
At 31 March 2024 3,500,000
At 31 March 2023 3,500,000

Thomas Sinden Estates LLP (Registered number: OC313034)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2007 614,580
Valuation in 2011 1,026,915
Valuation in 2021 472,053
Valuation in 2023 (583,000 )
Cost 1,969,452
3,500,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,969,452 1,969,452

The investment property was valued on an open market basis on 28 September 2023 by Glenny LLP. The members consider that the valuation at 31 March 2024 was not materially different.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 58,320 58,320
Other debtors 369,967 252,267
428,287 310,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,659 996
VAT 8,769 5,216
Other creditors 95,019 95,019
109,447 101,231

Thomas Sinden Estates LLP (Registered number: OC313034)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Loans from members 2,818,134 2,912,307
Amounts owed to members in respect of profits 654,910 536,541
3,473,044 3,448,848

Falling due within one year 654,910 536,541
Falling due after more than one year 2,818,134 2,912,307
3,473,044 3,448,848

In the event of the Limited Liability Partnership being wound up, all unsecured creditors would rank equally. There is no provision for specific legal enforceable protection afforded to creditors in such an event. There are no restrictions or limitations that exist on the members to reduce the 'Members other interest'.

8. RELATED PARTY DISCLOSURES

During the period, transactions took place between the LLP and one of its members, Thomas Sinden Limited.

Thomas Sinden Limited occupies premises which are owned by Thomas Sinden Estates LLP. During the year rent was charged to Thomas Sinden Limited of £141,600 (2023: £141,600).

£6,000 management fees were charged to the LLP by Thomas Sinden Limited in the year (2023: £6,000)

Interest of £146,315 (2023: £163,745) has been charged by Thomas Sinden Limited on the long term loan, during the year.