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Registered number: OC430908
THE SISLEY PARTNERSHIP LLP
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
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THE SISLEY PARTNERSHIP LLP
Information
Designated Members
M Case
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C H Gordon Lennox, Earl of March and Kinrara
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LLP registered number
OC430908
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Registered office
3rd Floor
12 Gough Square
London
EC4A 3DW
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Accountants
Sayers Butterworth LLP
3rd Floor
12 Gough Square
London
EC4A 3DW
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THE SISLEY PARTNERSHIP LLP
Registered number: OC430908
Balance sheet
As at 28 February 2026
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Fixed assets held for sale
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Debtors: amounts falling due within one year
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Creditors: Amounts Falling Due Within One Year
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Loans and other debts due to members within one year
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Members' capital classified as a liability
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Loans and other debts due to members
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THE SISLEY PARTNERSHIP LLP
Registered number: OC430908
Balance sheet (continued)
As at 28 February 2026
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.
The entity 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.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.
The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.
The financial statements were approved and authorised for issue by the members and were signed on their behalf on 4 May 2026.
C H Gordon Lennox, Earl of March and Kinrara
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The notes on pages 4 to 5 form part of these financial statements.
The Sisley Partnership LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.
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THE SISLEY PARTNERSHIP LLP
Reconciliation of members' interests
For the year ended 28 February 2026
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DEBT
Loans and other debts due to members less any amounts due from members in debtors
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Members' capital (classified as debt)
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Members' remuneration charged as an expense
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Members' interests after profit for the year
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Amounts introduced by members
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Balance at 28 February 2025
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Members' remuneration charged as an expense
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Members' interests after profit for the year
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Balance at 28 February 2026
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The notes on pages 4 to 5 form part of these financial statements.
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There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.
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THE SISLEY PARTNERSHIP LLP
Notes to the financial statements
For the year ended 28 February 2026
The Sisley Partnership LLP is a limited liabilty partnership incorporated in the United Kingdom and registered in England and Wales. The partnership's registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.
The principal activity of the LLP is the sale of a painting by the artist Alfred Sisley.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 following principal accounting policies have been applied:
Interest income is recognised in profit or loss using the effective interest method.
Assets held for sale are initially recorded at cost. At each balance sheet date the asset is assessed for impairment. Any impairment loss is recognised immediately in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 7 (2025 - 7).
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THE SISLEY PARTNERSHIP LLP
Notes to the financial statements
For the year ended 28 February 2026
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Loans and other debts due to members
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Members' capital treated as debt
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Other amounts due to members
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Loans and other debts due to members may be further analysed as follows:
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Falling due within one year
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Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
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