Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-29trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalsefalse72023-03-01No description of principal activity7 OC430908 2023-03-01 2024-02-29 OC430908 2022-03-01 2023-02-28 OC430908 2024-02-29 OC430908 2023-02-28 OC430908 c:CurrentFinancialInstruments 2024-02-29 OC430908 c:CurrentFinancialInstruments 2023-02-28 OC430908 c:CurrentFinancialInstruments c:WithinOneYear 2024-02-29 OC430908 c:CurrentFinancialInstruments c:WithinOneYear 2023-02-28 OC430908 d:FRS102 2023-03-01 2024-02-29 OC430908 d:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 OC430908 d:FullAccounts 2023-03-01 2024-02-29 OC430908 d:LimitedLiabilityPartnershipLLP 2023-03-01 2024-02-29 OC430908 2 2023-03-01 2024-02-29 OC430908 d:PartnerLLP1 2023-03-01 2024-02-29 OC430908 d:PartnerLLP2 2023-03-01 2024-02-29 OC430908 d:PartnerLLP3 2023-03-01 2024-02-29 OC430908 d:PartnerLLP4 2023-03-01 2024-02-29 OC430908 d:PartnerLLP5 2023-03-01 2024-02-29 OC430908 d:PartnerLLP6 2023-03-01 2024-02-29 OC430908 d:PartnerLLP7 2023-03-01 2024-02-29 OC430908 c:Non-currentAssetsDisposalGroupsHeldForSale 2024-02-29 OC430908 c:Non-currentAssetsDisposalGroupsHeldForSale 2023-02-28 OC430908 c:FurtherSpecificReserve3ComponentTotalEquity 2024-02-29 OC430908 c:FurtherSpecificReserve3ComponentTotalEquity 2023-02-28 OC430908 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Registered number: OC430908










THE SISLEY PARTNERSHIP LLP
UNAUDITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024



















img26b1.png

 
THE SISLEY PARTNERSHIP LLP
 

Information




Designated Members

M Case
M R Case
N M Case
C H Gordon Lennox, Earl of March and Kinrara
Lady E Gordon Lennox
Lord F Gordon Lennox
Lord W Gordon Lennox

LLP registered number

OC430908

Registered office

3rd Floor
12 Gough Square
London
EC4A 3DW

Accountants

Sayers Butterworth LLP
3rd Floor
12 Gough Square
London
EC4A 3DW


 
THE SISLEY PARTNERSHIP LLP
Registered number: OC430908

Balance sheet
As at 29 February 2024

2024
2023
Note
£
£

  

Current assets
  

Fixed assets held for sale
  
750,000
750,000

Debtors: amounts falling due within one year
 4 
1
1,965

  
750,001
751,965

Creditors: Amounts Falling Due Within One Year
 5 
(4,032)
(3,036)

Net current assets
  
 
 
745,969
 
 
748,929

Total assets less current liabilities
  
745,969
748,929

  

Net assets
  
745,969
748,929


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
7
7

Other amounts
 6 
745,962
748,922

  
745,969
748,929

  
745,969
748,929


Total members' interests
  

Loans and other debts due to members
 6 
745,969
748,929

  
745,969
748,929


Page 1

 
THE SISLEY PARTNERSHIP LLP
Registered number: OC430908
    
Balance sheet (continued)
As at 29 February 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 1 November 2024.




C H Gordon Lennox, Earl of March and Kinrara
M Case
Designated member
Designated member

The notes on pages 4 to 5 form part of these financial statements.

The Sisley Partnership LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 2

 
THE SISLEY PARTNERSHIP LLP
 

Reconciliation of members' interests
For the year ended 29 February 2024





DEBT
Loans and other debts due to members less any amounts due from members in debtors
Members' capital (classified as debt)
Other amounts
Total

£
£
£

Members' remuneration charged as an expense
-
(4,171)
(4,171)

Members' interests after profit for the year
7
748,922
748,929

Amounts due to members
7
748,922
748,929

Balance at 28 February 2023
7
748,922
748,929

Members' remuneration charged as an expense
-
(2,960)
(2,960)

Members' interests after profit for the year
7
745,962
745,969

Amounts due to members
7
745,962
745,969

Balance at 29 February 2024 
7
745,962
745,969

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.

Page 3

 
THE SISLEY PARTNERSHIP LLP
 
 
 
Notes to the financial statements
For the year ended 29 February 2024

1.


General information

The Sisley Partnership LLP is a limited liabilty partnership incorporated in the United Kingdom and registered in England and Wales. The partnership's registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.
The principal activity of the LLP is the sale of a painting by the artist Alfred Sisley.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Asset held for sale

Assets held for sale are initially recorded at cost. At each balance sheet date the asset is assessed for impairment. Any impairment loss is recognised immediately in profit or loss. 

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees



The average monthly number of employees, including directors, during the year was 7 (2023 - 7).



 

Page 4

 
THE SISLEY PARTNERSHIP LLP
 
 
 
Notes to the financial statements
For the year ended 29 February 2024

4.


Debtors

2024
2023
£
£


Other debtors
1
1,965

1
1,965



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,014
-

Accruals and deferred income
3,018
3,036

4,032
3,036



6.


Loans and other debts due to members


2024
2023
£
£



Members' capital treated as debt
7
7

Other amounts due to members
745,962
748,922

745,969
748,929

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due within one year
745,969
748,929

745,969
748,929

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
 
Page 5