Registered number
OC343441
Saulire LLP
Filleted Accounts
31 March 2025

Saulire LLP
Registered number: OC343441
Balance Sheet
as at 31 March 2025
Notes |  | 2025 |  | 2024
£ | £
Fixed assets
Investment property | 3 |  | 612,254 |  | 612,254
Current assets |  |  |  |  |
Debtors | 4 |  | 36,166 |  | 16,231
Cash at bank and in hand |  |  | 1,688 |  | 11,434
|  |  | 37,854 |  | 27,665
Creditors: amounts falling due within one year | 5 |  | (74,930) |  | (57,659)
Net current liabilities |  |  | (37,076) |  | (29,994)
Total assets less current liabilities |  |  | 575,178 |  | 582,260
Creditors: amounts falling due after more than one year | 6 |  | (121,737) |  | (128,464)
Net assets attributable to members | 453,441 |  | 453,796
Represented by:
Loans and other debts due to members | 8 |  | 301,030 |  | 296,650
Members' other interests
Other reserves |  |  | 152,411 |  | 157,146
|  |  | 453,441 |  | 453,796
Total members' interests
Loans and other debts due to members | 8 |  | 301,030 |  | 296,650
Members' other interests |  |  | 152,411 |  | 157,146
|  |  | 453,441 |  | 453,796
For the year ended 31 March 2025 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 10 November 2025 and signed on their behalf by:
I R Baggett, Professor, BSc (Hons), PhD, MRICS, FRGS
Designated member

Saulire LLP
Notes to the Accounts
for the year ended 31 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
| Turnover
| Turnover, net of value added tax where applicable, represents rental income receivable during the year in accordance with the leases granted.
| 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.
| Investment properties
| Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the profit and loss account.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| 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 | 2025 |  | 2024
Number | Number
| Average number of persons employed by the LLP | 0 |  | 0
3 | Investment property
£
| Cost
| At 1 April 2024 | 612,254
| At 31 March 2025 | 612,254
| Historical cost | 2025 |  | 2024
£ | £
|  |  |  |  |  | 612,254 |  | 612,254
| The fair value of the investment property has been arrived at on the basis of the valuation carried out at 31 March 2025 by the directors. The valuation was made on an open market basis.
4 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 24,547 |  | 11,028
| Other debtors | 11,619 |  | 5,203
|  |  |  |  |  | 36,166 |  | 16,231
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank loans and overdrafts | 21,797 |  | 21,797
| Trade creditors | 41,910 |  | 27,109
| Other taxes and social security costs | 1,766 |  | -
| Other creditors | 9,457 |  | 8,753
|  |  |  |  |  | 74,930 |  | 57,659
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 121,737 |  | 128,464
7 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Secured bank loans | 141,304 |  | 146,119
| Bank loans are secured by way of first ranking debenture over the LLP's assets, and a legal charge over the relevant investment property.
8 | Loans and other debts due to members | 2025 |  | 2024
£ | £
| Loans from members | 301,030 |  | 296,650
| Amounts falling due within one year | 301,030 |  | 296,650
| Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
9 | Other information
| Saulire LLP is a limited liability partnership incorporated in England. Its registered office is:
| Nelson House, The Fleming
| Burdon Terrace, Jesmond
| Newcastle upon Tyne
| NE2 3AE

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