Caseware UK (AP4) 2024.0.164 2024.0.164 2026-03-31 2026-03-31 true 0 to provide commercial property for rent 0 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2025-04-01 false false OC437611 2025-04-01 2026-03-31 OC437611 2024-04-01 2025-03-31 OC437611 2026-03-31 OC437611 2025-03-31 OC437611 c:FreeholdInvestmentProperty 2026-03-31 OC437611 c:FreeholdInvestmentProperty 2025-03-31 OC437611 c:CurrentFinancialInstruments 2026-03-31 OC437611 c:CurrentFinancialInstruments 2025-03-31 OC437611 c:Non-currentFinancialInstruments 2026-03-31 OC437611 c:Non-currentFinancialInstruments 2025-03-31 OC437611 c:CurrentFinancialInstruments c:WithinOneYear 2026-03-31 OC437611 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC437611 c:Non-currentFinancialInstruments c:AfterOneYear 2026-03-31 OC437611 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 OC437611 d:FRS102 2025-04-01 2026-03-31 OC437611 d:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 OC437611 d:FullAccounts 2025-04-01 2026-03-31 OC437611 d:LimitedLiabilityPartnershipLLP 2025-04-01 2026-03-31 OC437611 2 2025-04-01 2026-03-31 OC437611 d:PartnerLLP1 2025-04-01 2026-03-31 OC437611 c:FurtherSpecificReserve3ComponentTotalEquity 2026-03-31 OC437611 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC437611 e:PoundSterling 2025-04-01 2026-03-31 iso4217:GBP xbrli:pure

Registered number: OC437611
| UNAUDITED FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 MARCH 2026
| SAPINDALES LLP
SAPINDALES LLP |  |
INFORMATION
Designated Members
G.E. Fattal K.T. Fattal L.A. Fattal J.S. Flemming S.M.S. Kashi
LLP registered number OC437611
Registered office 3 - 5 Fashion Street, London, E1 6PY
Accountants Menzies LLP, 2nd Floor, Origin One, 108 High Street, Crawley, RH10 1BD
SAPINDALES LLP |  |
CONTENTS
| Page
Statement of financial position | 1 - 2
Reconciliation of members' interests | 3
Notes to the financial statements | 4 - 6
SAPINDALES LLP REGISTERED NUMBER:OC437611 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 2,676,015 |  | 2,676,015
|  |  | 2,676,015 |  | 2,676,015
Current assets |  |  |  |  |
Cash at bank and in hand |  | 386,370 |  | 341,183 |
|  | 386,370 |  | 341,183 |
Creditors: amounts falling due within one year | 5 | (57,455) |  | (60,464) |
Net current assets |  |  | 328,915 |  | 280,719
Total assets less current liabilities |  |  | 3,004,930 |  | 2,956,734
Creditors: amounts falling due after more than one year | 6 |  | (250,559) |  | (250,559)
|  |  | 2,754,371 |  | 2,706,175
Net assets |  |  | 2,754,371 |  | 2,706,175
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Members' capital classified as a liability |  |  | 2,211,000 |  | 1,836,000
Other amounts | 7 |  | 543,371 |  | 870,175
|  |  | 2,754,371 |  | 2,706,175
|  |  | 2,754,371 |  | 2,706,175
Total members' interests |  |  |  |  |
Loans and other debts due to members | 7 |  | 2,754,371 |  | 2,706,175
|  |  | 2,754,371 |  | 2,706,175
Page 1
SAPINDALES LLP REGISTERED NUMBER:OC437611 |  |
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 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 statement of comprehensive income 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 by:
S.M.S. Kashi
Designated member
Date: 4 June 2026
The notes on pages 4 to 6 form part of these financial statements. Page 2
SAPINDALES LLP |  |
RECONCILIATION OF MEMBERS' INTERESTS FOR THE YEAR ENDED 31 MARCH 2026
| DEBT Loans and other debts due to members less any amounts due from members in debtors
| Members' capital (classified as debt) | Other amounts | Total
| £ | £ | £
Amounts due to members | 2,156,000 | 848,401 | 3,004,401
Balance at 1 April 2024 | 2,636,000 | 368,401 | 3,004,401
Members' remuneration charged as an expense | - | 501,774 | 501,774
Members' interests after profit for the year | 2,636,000 | 870,175 | 3,506,175
Repayment of capital | (800,000) | - | (800,000)
Amounts due to members | 1,836,000 | 870,175 | 2,706,175
Balance at 31 March 2025 | 2,636,000 | 70,175 | 2,706,175
Members' remuneration charged as an expense | - | 473,196 | 473,196
Members' interests after profit for the year | 2,636,000 | 543,371 | 3,179,371
Repayment of capital | (425,000) | - | (425,000)
Amounts due to members | 2,211,000 | 543,371 | 2,754,371
Balance at 31 March 2026 | 2,211,000 | 543,371 | 2,754,371
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.
Page 3
SAPINDALES LLP |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
1. | General information
The entity is a Limited Liability Partnership registered in England. The registered office is 3-5 Fashion Street, London, E1 6PY. There is no place of trading. The financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
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 Liability Partnerships". The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is in relation to rents receivable and is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Investment property
Investment property is carried at fair value determined annually by the members 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. Changes in fair value are recognised in profit or loss. Page 4
SAPINDALES LLP |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.5 | Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits). Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP. Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities. Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet. Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Profit and Loss Account and are equity appropriations in the Balance Sheet. Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment. All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'.
3. | Employees
| The entity has no employees.
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2025 | 2,676,015
| At 31 March 2026 | 2,676,015
The 2026 valuations were made by the members, on an open market value for existing use basis.
Page 5
SAPINDALES LLP |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Other creditors | 54,855 | 54,855
| Accruals and deferred income | 2,600 | 5,609
|  | 57,455 | 60,464
6. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Other creditors | 250,559 | 250,559
|  | 250,559 | 250,559
7. | Loans and other debts due to members
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Members' capital treated as debt | 2,211,000 | 1,836,000
| Amounts due to members in respect of profits | 543,371 | 870,175
|  | 2,754,371 | 2,706,175
| Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
Page 6