Limited Liability Partnership registration number OC407559 (England and Wales)
SALISBURY PROPERTY SERVICES LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
SALISBURY PROPERTY SERVICES LLP
CONTENTS
Page
Balance sheet
1
Reconciliation of members' interests
Notes to the financial statements
2 - 3
SALISBURY PROPERTY SERVICES LLP
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
1,540,000
1,540,000
Current assets
Cash at bank and in hand
6,065
1,769
Net current assets
6,065
1,769
Total assets less current liabilities
1,546,065
1,541,769
Creditors: amounts falling due after more than one year
4
(1,295,363)
(1,312,142)
Net assets attributable to members
250,702
229,627
Represented by:
Members' other interests
Members' capital classified as equity
208,911
187,531
Other reserves classified as equity
41,791
42,096
250,702
229,627
For the financial year ended 31 March 2025 the limited liability partnership 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 relating to small limited liability partnerships.
The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.
The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.
The financial statements were approved by the members and authorised for issue on 28 November 2025 and are signed on their behalf by:
28 November 2025
Mrs M Salisbury
Mr R Salisbury
Designated member
Designated Member
Limited Liability Partnership registration number OC407559 (England and Wales)
SALISBURY PROPERTY SERVICES LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Limited liability partnership information
Salisbury Property Services LLP is a limited liability partnership incorporated in England and Wales. The registered office is 11 The Ridings, Surbiton, Surrey, KT5 8HG.
The limited liability partnership's principal activities are disclosed in the Members' Report.
1.1
Accounting convention
These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.
1.2
Turnover
Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.
1.3
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.
2
Employees
The average number of persons (excluding members) employed by the partnership during the year was:
2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
1,540,000
SALISBURY PROPERTY SERVICES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
4
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
145,363
162,142
Other creditors
1,150,000
1,150,000
1,295,363
1,312,142
Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable by instalments
145,363
162,142
5
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.