Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31No description of principal activityfalse002024-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetruefalse OC350451 2024-04-01 2025-03-31 OC350451 2023-04-01 2024-03-31 OC350451 2025-03-31 OC350451 2024-03-31 OC350451 c:LeaseholdInvestmentProperty 2025-03-31 OC350451 c:LeaseholdInvestmentProperty 2024-03-31 OC350451 c:CurrentFinancialInstruments 2025-03-31 OC350451 c:CurrentFinancialInstruments 2024-03-31 OC350451 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC350451 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC350451 d:FRS102 2024-04-01 2025-03-31 OC350451 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC350451 d:FullAccounts 2024-04-01 2025-03-31 OC350451 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC350451 d:PartnerLLP1 2024-04-01 2025-03-31 OC350451 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC350451 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC350451 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Company registration number: OC350451







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


SUNLEY PROPERTY LLP






































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SUNLEY PROPERTY LLP
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 5


 


SUNLEY PROPERTY LLP
REGISTERED NUMBER:OC350451



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
45,000
45,000

  
45,000
45,000

Current assets
  

Debtors: amounts falling due within one year
 5 
75
-

Cash at bank and in hand
  
2,260
3,832

  
2,335
3,832

Creditors: Amounts Falling Due Within One Year
 6 
(10,995)
(11,494)

Net current liabilities
  
 
 
(8,660)
 
 
(7,662)

Total assets less current liabilities
  
36,340
37,338

  

Net assets
  
36,340
37,338

Page 1

 


SUNLEY PROPERTY LLP
REGISTERED NUMBER:OC350451


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

2025
2024
£
£

Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
36,340
37,338

  
 
36,340
 
37,338

  
36,340
37,338


Total members' interests
  

Members' other interests
  
36,340
37,338

  
36,340
37,338


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 statement of comprehensive income 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 by: 




James B Sunley
Designated member

Date: 19 August 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


SUNLEY PROPERTY LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Sunley Property LLP is a limited liability partnership incorporated in England and Wales.
The registered office and principal place of business is 1 Town Mill, Bagshot Road, Chobham, Woking, England, GU24 8BZ.

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

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.3

Investment property

Investment property is carried at fair value determined annually by the member or external valuers 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. Changes in fair value are recognised 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

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 


SUNLEY PROPERTY LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

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.

  
2.7

Members' Capital

In accordance with Financial Reporting Standards 102 "Liabilities and Equity", Members' Capital has been classified as an equity balance. The capital requirements of the LLP are determined by the Board. Each member is required to subscribe a proportion of this capital. Distributions to members are determined by the Board in line with the LLP's capital requirements.


3.


Employees

The entity has no employees.


4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2024
45,000



At 31 March 2025
45,000

The 2025 valuations were made by the members, on an open market value for existing use basis.



At 31 March 2025





5.


Debtors

2025
2024
£
£


Other debtors
75
-

75
-


Page 4

 


SUNLEY PROPERTY LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Other creditors
10,000
10,000

Accruals and deferred income
995
1,494

10,995
11,494



7.


Controlling party

The members do not consider there to be an ultimate controlling party.

 
Page 5