S & B Supermarket LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC355631 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2024 TO 5 APRIL 2025

FOR

S & B SUPERMARKET LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

B S Patel

N S Patel

S B Patel

REGISTERED OFFICE:

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

REGISTERED NUMBER:

OC355631 (England and Wales)

ACCOUNTANTS:

Ad Valorem Accountancy Services Limited

Chartered Certified Accountants

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

FIXED ASSETS

Tangible assets

4

701,054

709,110

Investment property

5

84,540

785,594

793,650

CURRENT ASSETS

Stocks

143,579

Debtors

6

187,396

178,494

Cash at bank and in hand

29,831

4,825

360,806

326,898

CREDITORS

Amounts falling due within one year

7

389,618

381,923

NET CURRENT LIABILITIES

(28,812

)

(55,025

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

756,782

738,625

CREDITORS

Amounts falling due after more than one
year

8

426,109

463,302

NET ASSETS ATTRIBUTABLE TO
MEMBERS

330,673

275,323

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

330,673

275,323

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

330,673

275,323

Amounts due from members

6

(155,123

)

(167,395

)

175,550

107,928

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 5 April 2025.

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.

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 3 December 2025 and were signed by:

S B Patel - Designated member

1.	STATUTORY INFORMATION

S & B Supermarket LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 AND REVENUE RECOGNITION

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

The LLP recognises revenue when:

- the amount of revenue can be reliably measured;

- it is probable that future economic benefits will flow to the entity

- and specific criteria have been met for each of the company's activities.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

INVESTMENT PROPERTY

Certain of the partnership's properties are held for long-term investment. Investment properties are accounted for in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), as follows:

No depreciation is provided in respect of investment properties and they are revalued annually for impairment. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit nd loss account for the year.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets held under finance leases, which are leases where substantially all the risk and reward of ownership of the asset have passed to the LLP, are capitalised in the balance sheet as tangible fixed assets and are depreciated over their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract.

Operating leases

Rentals payable under operating leases are charged in the Statement of Profit and Loss on a straight line basis over the lease term.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 23 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 September 2024

422,054

6,650

101,104

463,824

993,632

Additions

-

45,385

Disposals

-

(84,345

)

(84,345

)

At 5 April 2025

422,054

6,650

101,104

424,864

954,672

DEPRECIATION

At 1 September 2024

-

6,650

94,020

183,852

284,522

Charge for period

-

620

28,914

29,534

Eliminated on disposal

-

(60,438

)

(60,438

)

At 5 April 2025

-

6,650

94,640

152,328

253,618

NET BOOK VALUE

At 5 April 2025

422,054

-

6,464

272,536

701,054

At 31 August 2024

422,054

-

7,084

279,972

709,110

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 5 April 2025

84,540

NET BOOK VALUE

At 5 April 2025

84,540

At 31 August 2024

84,540

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

254

-

Other debtors

187,142

178,494

187,396

178,494

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

24,906

22,980

Hire purchase contracts (see note 9)

55,803

65,017

Trade creditors

239,082

207,936

Taxation and social security

44,123

34,487

Other creditors

25,704

51,503

389,618

381,923

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

162,131

177,520

Hire purchase contracts (see note 9)

263,978

285,782

426,109

463,302

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

99,803

53,767

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Net obligations repayable:

Within one year

55,803

65,017

Between one and five years

263,978

285,782

319,781

350,799

Non-cancellable

operating leases

2025

2024

£

Within one year

18,500

Between one and five years

74,000

18,500

92,500

37,000

10.	SECURED DEBTS

The bank loans are secured by a standard debenture.

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up the amounts included in 'Loans and other debts due to members' rank

equally with unsecured creditors.