Acorah Software Products - Accounts Production 16.1.300 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC416477 Oryx London Limited Aries Management Limited Sable Investments Limited Encombe Shoot Limited Logic Nominees Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC416477 2023-03-31 OC416477 2024-03-31 OC416477 2023-04-01 2024-03-31 OC416477 frs-core:CurrentFinancialInstruments 2024-03-31 OC416477 frs-core:Non-currentFinancialInstruments 2024-03-31 OC416477 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 OC416477 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 OC416477 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 OC416477 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC416477 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC416477 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC416477 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC416477 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC416477 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC416477 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC416477 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC416477 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC416477 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC416477 frs-bus:PartnerLLP4 2023-04-01 2024-03-31 OC416477 frs-bus:PartnerLLP5 2023-04-01 2024-03-31 OC416477 2022-03-31 OC416477 2023-03-31 OC416477 2022-04-01 2023-03-31 OC416477 frs-core:CurrentFinancialInstruments 2023-03-31 OC416477 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC416477
Sable Partners I LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Thomas Tax (Coventry) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC416477
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,050,000 4,200,000
4,050,000 4,200,000
CURRENT ASSETS
Debtors 5 76,925 108,196
Cash at bank and in hand 14,719 16,964
91,644 125,160
Creditors: Amounts Falling Due Within One Year 6 (2,469,281 ) (3,152,153 )
NET CURRENT ASSETS (LIABILITIES) (2,377,637 ) (3,026,993 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,672,363 1,173,007
Creditors: Amounts Falling Due After More Than One Year 7 (2,293,388 ) (1,515,000 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (621,025 ) (341,993 )
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability (1,421,025) (1,441,993)
(1,421,025) (1,441,993)
Equity
Members' other interests
Members' capital 800,000 1,100,000
800,000 1,100,000
(621,025) (341,993)
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year (1,421,025) (1,441,993)
Members' other interests 800,000 1,100,000
(621,025) (341,993)
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Page 2
For the 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Oryx London Limited
Designated Member
27th March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sable Partners I LLP is a limited liability partnership, incorporated in England & Wales, registered number OC416477 . The Registered Office is Unit 4 Chaldicott Barns, Semley, Shaftesbury, Dorset, SP7 9AW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Going Concern Disclosure
The Partnership meets its day to day working capital requirements through support of the members of the Partnership and have provided a letter of support for the twelve months following the signature date of these financial statements.
On this basis the members consider it appropriate to prepare the financial statements on a going concern basis.
2.3. Turnover
Turnover comprises rents received from tenants.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.5. Investment Properties
Investment property represents freehold property for a mixed use development.
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 April 2023 4,200,000
Additions 37,594
Revaluation (187,594 )
As at 31 March 2024 4,050,000
Net Book Value
As at 31 March 2024 4,050,000
As at 1 April 2023 4,200,000
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 47,250 33,000
Other debtors 29,675 75,196
76,925 108,196
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 148,567 130,162
Bank loans and overdrafts - 827,875
Other loans 2,132,875 2,020,137
Other creditors 179,101 173,979
Taxation and social security 8,738 -
2,469,281 3,152,153
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,293,388 1,515,000
8. Secured Creditors
Cynergy Bank Ltd and Yorkshire Building Society have registered fixed and floating charges together with negative pledge at Companies House in respect of mortgages secured on developed properties.
2024 2023
£ £
Bank loans and overdrafts 2,293,388 1,515,000
9. Related Party Transactions
Included within other loans are bridging loans from its related parties.  All amounts were due at the year end.  The interest on the bridging loans ceased on 31 March 2021.
Member                         Loan Amount   Interest Rate      Interest Amount     Total Due
Oryx London Limited        £310,000                9.344%                   £115,866                     £425,866     
Belknap Livery Limited      £451,278                9.344%                   £168,670                     £619,948
Logic Nominees Limited     £193,750                9.344%                   £72,416                       £266,166
Included within other loans is a £100,000 corporate loan from Logic Nominees Limited.  Interest is accruing on the loan at an interest rate of 6% per annum. As at 31 March 2024 the total due was £102,634.
Within other loans is a £300,000 loan from J McVeigh.  Interest is a being charged on the loan at a rate of 6% per annum.  As at 31 March 2024 the total due was £304,500.
Included within other loans are interest free loans from related parties.  All amounts were due at the year end.
Loanee                                Amount
Oryx London Limited             £137,500 
Aries Management Limited    £116,943
C Heimann                             £84,318
Belknap Livery Limited           £30,000
In addition, at the Balance Sheet date, £85,267 (2023: £86,767) was owed from Sable Partners I LLP to Sable Investments Limited.
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10.
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