Silverlake Estates LLP - Filleted accounts

Registered number

OC394342

Silverlake Estates LLP

Filleted Accounts

31 March 2025

Silverlake Estates LLP
Registered number:	OC394342
Balance Sheet
as at 31 March 2025



Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	4,804,640		5,005,800
Current assets
Debtors	4	130,462		79,301
Cash at bank and in hand		3,500		2,395
		133,962		81,696

Creditors: amounts falling due within one year	5	(598,079)		(333,026)

Net current liabilities		(464,117)		(251,330)

Total assets less current liabilities		4,340,523		4,754,470
Creditors: amounts falling due after more than one year	6	(1,664)		(11,664)

Net assets attributable to members		4,338,859		4,742,806

Represented by:
Loans and other debts due to members	7	6,339,438		6,785,143

Members' other interests
Members' capital classified as equity		(2,000,579)		(2,042,337)

		4,338,859		4,742,806

Total members' interests
Loans and other debts due to members	7	6,339,438		6,785,143
Members' other interests		(2,000,579)		(2,042,337)

		4,338,859		4,742,806

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 12 September 2025 and signed on their behalf by:


M R Shooter
Designated member

Silverlake Estates 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 represents rents receivable and other similar income.

	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 property
	Investment property is included at fair value. Any surplus or deficit on revaluation is dealt with through the profit and loss account. No depreciation is provided in respect of investment property.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Funiture, fixtures and fittings	20% reducing balance

	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			-		-


3	Tangible fixed assets	Freehold investment property		Furniture, fixtures and fittings		Total
£			£		£
	Fair value or cost
	At 1 April 2024	5,000,000		7,250		5,007,250
	Revaluation	(200,000)				(200,000)
	At 31 March 2025	4,800,000		7,250		4,807,250

	Depreciation
	At 1 April 2024	-		1,450		1,450
	Charge for the year	-		1,160		1,160
	At 31 March 2025	-		2,610		2,610

	Net book value
	At 31 March 2025	4,800,000		4,640		4,804,640
	At 31 March 2024	5,000,000		5,800		5,005,800


4	Debtors			2025		2024
£					£

	Trade debtors			56,542		24,119
	Other debtors			73,920		55,182
				130,462		79,301


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans			10,000		10,000
	Trade creditors			39,032		45,345
	Other taxes and social security costs			15,400		14,614
	Other creditors			533,647		263,067
				598,079		333,026


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			1,664		11,664


7	Loans and other debts due to members			2025		2024
£					£

	Members capital classified as debt			4,653,910		4,892,941
	Amounts due to members in respect of profits			1,685,528		1,892,202
				6,339,438		6,785,143

	Amounts falling due within one year			6,339,438		6,785,143

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

8	Other information

	Silverlake Estates LLP is a limited liability partnership incorporated in England. Its registered office is:
	9 Bonhill Street
	London
	EC2A 4DJ