Sairam (Stanmore) LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC379506 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024

FOR

SAIRAM (STANMORE) LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S Ruparelia

Mrs P Ruparelia

REGISTERED OFFICE:

116 Headstone Drive

Harrow

HA1 4UH

REGISTERED NUMBER:

OC379506 (England and Wales)

FIXED ASSETS

Investment property

4

3,936,726

CURRENT ASSETS

Debtors

2,400,065

2,441,162

Cash at bank

52,121

39,257

2,452,186

2,480,419

CREDITORS

Amounts falling due within one year

522,630

535,051

NET CURRENT ASSETS

1,929,556

1,945,368

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,866,282

5,882,094

CREDITORS

Amounts falling due after more than one year

5

2,997,000

NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,869,282

2,885,094

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

1,052,988

1,068,800

MEMBERS' OTHER INTERESTS

Capital accounts

1,816,294

2,869,282

2,885,094

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

1,052,988

1,068,800

Members' other interests

1,816,294

2,869,282

2,885,094

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 period ended 31 March 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

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

S Ruparelia - Designated member

1.	STATUTORY INFORMATION

Sairam (Stanmore) 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Compliance with and departure from accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and the Limited Liability Partnership Statement of Recommended Practice, which have been applied consistently (except as otherwise stated).

The Financial Reporting Standards for Smaller Entities (effective April 2008) requires investment properties to be included in the accounts is not materially different from the market value and the cost of obtaining a current market valuation cannot be justified at this time.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2023

and 31 March 2024

3,936,726

NET BOOK VALUE

At 31 March 2024

3,936,726

At 31 October 2023

3,936,726

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

31.3.24

31.10.23

£

Repayable by instalments

Bank loans more 5 yr by instal

2,085,000

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interest'.

7.	RELATED PARTY DISCLOSURES

Other debtors include £2,395,162 due from entities in which Mr Ruparelia has control, joint control or significant influence.

8.	ULTIMATE CONTROLLING PARTY

The limited liability partnership is controlled by the designated members.