s & a Bains Property Development LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3

Registered number: OC429349

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		521,556		521,556

			521,556		521,556
CURRENT ASSETS
Cash at bank and in hand		132		227

		132		227
Creditors: Amounts Falling Due Within One Year	5	(480 )		(420 )

NET CURRENT ASSETS (LIABILITIES)			(348 )		(193 )

TOTAL ASSETS LESS CURRENT LIABILITIES			521,208		521,363

Creditors: Amounts Falling Due After More Than One Year	6		(289,975 )		(289,975 )

PROVISIONS FOR LIABILITIES
Provisions For Liabilities			(480 )		(420 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			230,753		230,968

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		233,395		232,924

			233,395		232,924

Equity
Members' other interests
Other reserves		(2,642)		(1,956)

			(2,642)		(1,956)

			230,753		230,968

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			233,395		232,924
Members' other interests			(2,642)		(1,956)

			230,753		230,968

Page 1

Page 2

s & a Bains Property Development LLP

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 2024 the LLP 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Sandeep Bains

Designated Member

20/10/2025

The notes on page 3 form part of these financial statements.

1. General Information

s & a Bains Property Development LLP is a limited liability partnership, incorporated in England & Wales, registered number OC429349 . The Registered Office is 9 Whitstable Road, Faversham, Kent, ME13 8BE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold
Plant & Machinery	20% Straight Line

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 November 2023	521,371	555	521,926

As at 31 October 2024	521,371	555	521,926

Depreciation
As at 1 November 2023	-	370	370

As at 31 October 2024	-	370	370

Net Book Value
As at 31 October 2024	521,371	185	521,556

As at 1 November 2023	521,371	185	521,556

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other creditors	480	420

6. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Amounts owed to group undertakings	289,975	289,975

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