Registered No. OC421175 (England and Wales)
Sail & Peg LLP
Unaudited accounts
for the year ended 31 March 2025
Sail & Peg LLP
LLP Information
for the year ended 31 March 2025
Designated members
Mrs Chloe Daniels
Registered Number
OC421175 (England and Wales)
Registered Office
Fairlawn Home Farm
School Lane
Shipbourne
Tonbridge
Kent
TN11 9RT
England
Accountants
SMART Bookkeeping and Accounts Ltd
SMART Bookkeeping and Accounts Ltd
6/7 Parkway, Elm Farm Park,
Great Green
Thurston
Bury st Edmunds
IP31 3TB
Sail & Peg LLP
Statement of financial position
as at 31 March 2025
Tangible assets
283,164
238,155
Cash at bank and in hand
46,748
(46,447)
Creditors: amounts falling due within one year
(283,081)
(289,084)
Net current liabilities
(126,886)
(293,653)
Total assets less current liabilities
145,511
(55,498)
Creditors: amounts falling due after more than one year
(577,222)
(312,627)
Net liabilities attributable to members
(431,711)
(368,125)
Loans and other debts due to members
(642,968)
(498,625)
Members' capital classified as equity
73,942
73,942
Other reserves
137,315
56,558
Sail & Peg LLP
Statement of financial position
as at 31 March 2025 (continued)
Loans and other debts due to members
(642,968)
(498,625)
Members' other interests
211,257
130,500
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 11 December 2025.
Mr Chris Daniels
Designated member
Limited Liability Partnership Registration No. OC421175
Sail & Peg LLP
Notes to the Accounts
for the year ended 31 March 2025
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
6 Years Straight Line
Motor vehicles
5 Years Straight Line
Fixtures & fittings
6.66 Years Straight Line
Computer equipment
2 Years Straight Line
Sail & Peg LLP is a limited liability partnership, incorporated in England and Wales, registration number OC421175. Its registered office is Fairlawn Home Farm, School Lane, Shipbourne, Tonbridge, Kent, TN11 9RT, England.
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
12,574
153,061
283,078
5,928
454,641
Additions
14,234
29,650
84,201
191
128,276
Disposals
(3,077)
-
(2,360)
-
(5,437)
At 31 March 2025
23,731
182,711
364,919
6,119
577,480
At 1 April 2024
5,691
70,844
134,140
5,811
216,486
Charge for the year
2,679
34,713
42,775
147
80,314
On disposals
(1,539)
-
(945)
-
(2,484)
At 31 March 2025
6,831
105,557
175,970
5,958
294,316
At 31 March 2025
16,900
77,154
188,949
161
283,164
At 31 March 2024
6,883
82,217
148,938
117
238,155
4
Investments
Other investments
Sail & Peg LLP
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
Trade creditors
12,625
29,144
Taxes and social security costs
(1,680)
12,014
Other creditors
(1,357)
4,929
Deferred income
270,260
241,089
6
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
484,680
213,589
Obligations under finance leases and hire purchase contracts
92,542
99,038
7
Loans and other debts due to members
2025
2024
Amounts due to members in respect of profits
(642,968)
(498,625)
Amounts falling due within one year
(642,968)
(498,625)
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).