Limited Liability Partnership registration number OC313034 (England and Wales)
THOMAS SINDEN ESTATES LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
THOMAS SINDEN ESTATES LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
G Sinden
Thomas Sinden Ltd
LLP registration number
OC313034
Registered office
137-145 Church Road
Harold Wood
Romford
Essex
RM3 0SH
Accountants
Xeinadin South East Limited
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT
THOMAS SINDEN ESTATES LLP
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
THOMAS SINDEN ESTATES LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
3,500,000
3,500,000
Current assets
Debtors
4
425,476
428,287
Cash at bank and in hand
35,225
9,204
460,701
437,491
Creditors: amounts falling due within one year
5
(108,161)
(109,447)
Net current assets
352,540
328,044
Total assets less current liabilities and net assets attributable to members
3,852,540
3,828,044
Represented by:
Loans and other debts due to members
Amounts due in respect of profits
871,519
654,910
Other amounts
2,626,021
2,818,134
3,497,540
3,473,044
Members' other interests
Members' capital classified as equity
355,000
355,000
3,852,540
3,828,044
Total members' interests
Amounts due from members
(367,156)
(365,916)
Loans and other debts due to members
3,497,540
3,473,044
Members' other interests
355,000
355,000
3,485,384
3,462,128
The notes on pages 3 to 5 form part of these financial statements.
THOMAS SINDEN ESTATES LLP
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
For the financial year ended 31 March 2025 the limited liability partnership 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 relating to small limited liability partnerships.
The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.
The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.
The financial statements were approved by the members and authorised for issue on 10 July 2025 and are signed on their behalf by:
10 July 2025
G Sinden
Designated member
Limited Liability Partnership registration number OC313034 (England and Wales)
THOMAS SINDEN ESTATES LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Limited liability partnership information
Thomas Sinden Estates LLP is a limited liability partnership incorporated in England and Wales. The registered office is 137-145 Church Road, Harold Wood, Romford, Essex, RM3 0SH.
The limited liability partnership's principal activities are disclosed in the Members' Report.
1.1
Accounting convention
These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents rental income measured at the fair value of the consideration received or receivable.
1.3
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.
1.4
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.
1.5
Significant judgements or estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.
1.6
Short term debtors are measured at the transaction price, less any impairment.
1.7
Short term creditors are measured at transaction price.
2
Employees
The average number of persons (excluding members) employed by the partnership during the year was:
2025
2024
Number
Number
Total
1
1
THOMAS SINDEN ESTATES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
3,500,000
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 2025 was not materially different.
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
58,320
58,320
Amounts owed by members
367,156
365,916
Other debtors
-
4,051
425,476
428,287
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
4,051
5,659
Taxation and social security
9,090
8,769
Other creditors
95,020
95,019
108,161
109,447
6
Loans and other debts due to members
2025
2024
£
£
Analysis of loans
Amounts falling due within one year
871,519
654,910
Amounts falling due after more than one year
2,626,021
2,818,134
3,497,540
3,473,044
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'.
THOMAS SINDEN ESTATES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
7
Members' transactions
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 (2024: £141,600).
£6,000 management fees were charged to the LLP by Thomas Sinden Limited in the year (2024: £6,000)
Interest of £156,159 (2024: £146,315) has been charged by Thomas Sinden Limited on the long term loan, during the year.