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REGISTERED NUMBER: OC444468 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 30 November 2024

for

SALIE-PARKER LLP

SALIE-PARKER LLP (Registered number: OC444468)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


SALIE-PARKER LLP

General Information
for the Year Ended 30 November 2024







DESIGNATED MEMBERS: Dr M S Parker
Dr R Salie-Parker





REGISTERED OFFICE: Havenbrook Clacton Road
Elmstead
Colchester
Essex
CO7 7DB





REGISTERED NUMBER: OC444468 (England and Wales)






SALIE-PARKER LLP (Registered number: OC444468)

Report of the Members
for the Year Ended 30 November 2024

The members present their report with the financial statements of the LLP for the year ended 30 November 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of other letting and operating of own or leased properties.

DESIGNATED MEMBERS
The designated members during the year under review were:

Dr M S Parker
Dr R Salie-Parker

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £1,097 (2023 - £4,809 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Dr M S Parker - Designated member


29 August 2025

SALIE-PARKER LLP (Registered number: OC444468)

Income Statement
for the Year Ended 30 November 2024

Period
1.11.22
Year Ended to
30.11.24 30.11.23
£    £   

TURNOVER 25,200 19,300

Administrative expenses 1,107 1,062
OPERATING PROFIT 24,093 18,238


Interest payable and similar
expenses

22,996

13,429
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS





1,097





4,809

SALIE-PARKER LLP (Registered number: OC444468)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 265,246 265,246

CURRENT ASSETS
Cash at bank 2,449 1,565

CREDITORS
Amounts falling due within one year 5 4,952 24,320
NET CURRENT LIABILITIES (2,503 ) (22,755 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,743

242,491

CREDITORS
Amounts falling due after more than
one year

6

246,591

227,436
NET ASSETS ATTRIBUTABLE TO
MEMBERS

16,152

15,055

LOANS AND OTHER DEBTS DUE TO
MEMBERS

16,152

15,055

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

16,152

15,055

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 November 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

SALIE-PARKER LLP (Registered number: OC444468)

Balance Sheet - continued
30 November 2024


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

The financial statements were approved by the members of the LLP and authorised for issue on 29 August 2025 and were signed by:





Dr M S Parker - Designated member

SALIE-PARKER LLP (Registered number: OC444468)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

SALIE-PARKER LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention modified to include investment property.

Turnover
Turnover represents the rent receivable in the period. Income is recognised in the period to which it relates.

Investment property
Investment property which is property held to earn rentals and/or for capital appreciation is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit and loss account.

Financial instruments
The limited liability partnership has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

SALIE-PARKER LLP (Registered number: OC444468)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 265,246
NET BOOK VALUE
At 30 November 2024 265,246
At 30 November 2023 265,246

In the opinion of the members, the market value of the other property is not materially different to the carrying value in the accounts as the balance sheet.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts (see note 7)
3,152

23,420
Other creditors 1,800 900
4,952 24,320

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans (see note 7) 246,591 227,436

7. LOANS

An analysis of the maturity of loans is given below:

30.11.24 30.11.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 3,152 23,420

Amounts falling due between two and five years:
Bank loans - 2-5 years 246,591 227,436

Included within creditors falling due within one year and more than one year are bank loans amounting to £249,743 (2023: £238,770)

Bank loan are secured over the properties owned by the company.