Sisu Bevan House LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC395952

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		2,016,548		2,016,548

			2,016,548		2,016,548
CURRENT ASSETS
Debtors	5	12,260		11,788
Cash at bank and in hand		325		119,332

		12,585		131,120
Creditors: Amounts Falling Due Within One Year	6	(9,435 )		(1,152,817 )

NET CURRENT ASSETS (LIABILITIES)			3,150		(1,021,697 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,019,698		994,851

Creditors: Amounts Falling Due After More Than One Year	7		(8,500 )		(66,262 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			2,011,198		928,589

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		778,392		(304,217)
Other amounts		1,639,820		1,639,820

			2,418,212		1,335,603

Equity
Members' other interests
Revaluation reserve		(1,417,094)		(1,417,094)
Other reserves		1,010,080		1,010,080

			(407,014)		(407,014)

			2,011,198		928,589

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			2,418,212		1,335,603
Members' other interests			(407,014)		(407,014)

			2,011,198		928,589

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Sisu Bevan House LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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

Sisu Properties Limited

Designated Member

10/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Sisu Bevan House LLP is a limited liability partnership, incorporated in England & Wales, registered number OC395952 . The Registered Office is 27 Old Gloucester Street, London, WC1N 3AX.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. 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.

2.5. Members Capital

Members' capital is classified as debt and not equity if there is an obligation for the LLP

to repay the capital to members, even if that obligation is conditional.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	2,016,548

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	3,618,642	3,618,642

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Sisu Bevan House LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	12,260	11,788

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,135	27,115
Bank loans and overdrafts	-	1,107,457
Other creditors	4,300	18,245

	9,435	1,152,817

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

	2025	2024
	£	£
Bank loans	-	4,262
Other creditors	8,500	62,000

	8,500	66,262

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025	2024
	£	£
Bank loans	-	4,262
Other Creditors	8,500	62,000

8. Secured Creditors

Of the creditors the following amounts are secured.

Bank loans are secured by way of a first legal charge over investment property.

	2025		2024
	£		£
Bank loans and overdrafts	-		1,111,719

9. Provisions for Liabilities

10. 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.

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