Sandham Estates LLP
Filleted Accounts
31 October 2024
Registered number
OC439391
Sandham Estates LLP
Registered number: OC439391
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,215,000 3,215,000
Current assets
Cash at bank and in hand 2,171 26,145
Creditors: amounts falling due within one year 4 (1,188) (1,188)
Net current assets 983 24,957
Total assets less current liabilities 3,215,983 3,239,957
Creditors: amounts falling due after more than one year 5 (1,103,536) (1,103,742)
Net assets attributable to members 2,112,447 2,136,215
Represented by:
Loans and other debts due to members 7 1,595,799 1,662,562
Members' other interests
Other reserves 516,648 473,653
2,112,447 2,136,215
Total members' interests
Loans and other debts due to members 7 1,595,799 1,662,562
Members' other interests 516,648 473,653
2,112,447 2,136,215
For the year ended 31 October 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 28 July 2025 and signed on their behalf by:
G Falcus
Designated member
Sandham Estates LLP
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.
Investments
Investment property is initially recognised at cost and then subsequently measured at fair value.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2023 3,215,000
At 31 October 2024 3,215,000
Depreciation
At 31 October 2024 -
Net book value
At 31 October 2024 3,215,000
At 31 October 2023 3,215,000
Freehold land and buildings: 2024 2023
£ £
Historical cost 2,845,000 2,845,000
Cumulative depreciation based on historical cost - -
2,845,000 2,845,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,188 1,188
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,103,536 1,103,742
6 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 1,103,742 1,105,020
1,103,742 1,105,020
Secured bank loans 1,103,742 1,105,020
7 Loans and other debts due to members 2024 2023
£ £
Loans from members 1,595,799 1,662,562
Amounts falling due within one year 1,595,799 1,662,562
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other information
Sandham Estates LLP is a limited liability partnership incorporated in England. Its registered office is:
Sandham House Main Street
Nether Poppleton
York
YO26 6HS
Sandham Estates LLP OC439391 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2024 G Falcus No description of principal activity OC439391 2022-11-01 2023-10-31 OC439391 core:WithinOneYear 2023-10-31 OC439391 core:AfterOneYear 2023-10-31 OC439391 1 2023-10-31 OC439391 core:RetainedEarningsAccumulatedLosses 2023-10-31 OC439391 core:MoreThanFiveYears 2023-10-31 OC439391 2023-11-01 2024-10-31 OC439391 bus:LimitedLiabilityPartnershipLLP 2023-11-01 2024-10-31 OC439391 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 OC439391 bus:PartnerLLP20 2023-11-01 2024-10-31 OC439391 3 2023-11-01 2024-10-31 OC439391 4 2023-11-01 2024-10-31 OC439391 countries:England 2023-11-01 2024-10-31 OC439391 bus:FRS102 2023-11-01 2024-10-31 OC439391 bus:FilletedAccounts 2023-11-01 2024-10-31 OC439391 2024-10-31 OC439391 core:WithinOneYear 2024-10-31 OC439391 core:AfterOneYear 2024-10-31 OC439391 1 2024-10-31 OC439391 core:RetainedEarningsAccumulatedLosses 2024-10-31 OC439391 core:LandBuildings 2024-10-31 OC439391 core:MoreThanFiveYears 2024-10-31 OC439391 2023-10-31 OC439391 core:LandBuildings 2023-10-31 iso4217:GBP xbrli:pure