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REGISTERED NUMBER: OC361367 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

The Bell Street Partnership LLP

The Bell Street Partnership LLP (Registered number: OC361367)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Bell Street Partnership LLP

General Information
for the Year Ended 31 March 2022







DESIGNATED MEMBERS: C N Kemsley
R J Verdin





REGISTERED OFFICE: Main Office
Station House
Barnes
London
SW13 0HT





REGISTERED NUMBER: OC361367 (England and Wales)





ACCOUNTANTS: R A Leslie & Co. LLP
Chartered Accountants
Gowran House
56 Broad Street
Chipping Sodbury
Bristol
BS37 6AG

The Bell Street Partnership LLP (Registered number: OC361367)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,079,916 3,079,916

CURRENT ASSETS
Debtors 5 - 2,400
Cash at bank 180,273 169,087
180,273 171,487
CREDITORS
Amounts falling due within one year 6 2,561,317 51,104
NET CURRENT (LIABILITIES)/ASSETS (2,381,044 ) 120,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

698,872

3,200,299

CREDITORS
Amounts falling due after more than one
year

7

-

2,500,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

698,872

700,299

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

698,872

700,299

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 698,872 700,299

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2022.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The Bell Street Partnership LLP (Registered number: OC361367)

Balance Sheet - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 31 May 2022 and were signed by:





C N Kemsley - Designated member

The Bell Street Partnership LLP (Registered number: OC361367)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

The Bell Street Partnership LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rents receivable from residential properties.

Tangible fixed assets
No depreciation is provided on the freehold property for the year as it is considered that the current value considerably exceeds cost.
Depreciation on furniture has been fully provided in previous years.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property Furniture Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 3,079,916 4,997 3,084,913
DEPRECIATION
At 1 April 2021
and 31 March 2022 - 4,997 4,997
NET BOOK VALUE
At 31 March 2022 3,079,916 - 3,079,916
At 31 March 2021 3,079,916 - 3,079,916

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Sundry Debtors and prepayments - 2,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Sundry creditors and accruals 61,317 51,104
Bank loan 2,500,000 -
2,561,317 51,104

The Bell Street Partnership LLP (Registered number: OC361367)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loan 1 - 5 years - 2,500,000

Secured by first charge against the freehold property and due to mature on 28 April 2022, but has been extended.

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.22 31.3.21
£    £   
Amounts owed to members in respect of profits 698,872 700,299

Falling due within one year 698,872 700,299

The amounts due to members rank after all amounts owed to creditors.