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REGISTERED NUMBER: OC360306 (England and Wales)






















Unaudited Financial Statements for the Year Ended 30th June 2023

for

Bethnal Green LLP

Bethnal Green LLP (Registered number: OC360306)






Contents of the Financial Statements
for the year ended 30th June 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bethnal Green LLP

General Information
for the year ended 30th June 2023







DESIGNATED MEMBERS: Mrs J Carroll
S Carroll





REGISTERED OFFICE: 48 Southfield
Hessle
East Yorkshire
HU13 0EU





REGISTERED NUMBER: OC360306 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Bethnal Green LLP (Registered number: OC360306)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 325,000 353,000
325,000 353,000

CURRENT ASSETS
Debtors 6 53,403 54,606
Cash at bank 4,974 9,534
58,377 64,140
CREDITORS
Amounts falling due within one year 7 77,205 77,856
NET CURRENT LIABILITIES (18,828 ) (13,716 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,172

339,284

CREDITORS
Amounts falling due after more than one
year

8

236,200

236,200
NET ASSETS ATTRIBUTABLE TO
MEMBERS

69,972

103,084

Bethnal Green LLP (Registered number: OC360306)

Balance Sheet - continued
30th June 2023

2023 2022
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

58,856

63,968

MEMBERS' OTHER INTERESTS
Capital accounts 5,901 5,901
Other reserves 5,215 33,215
69,972 103,084

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 58,856 63,968
Members' other interests 11,116 39,116
Amounts due from members 6 (53,403 ) (53,824 )
16,569 49,260

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 30th June 2023.

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 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 19th March 2024 and were signed by:





Mrs J Carroll - Designated member

Bethnal Green LLP (Registered number: OC360306)

Notes to the Financial Statements
for the year ended 30th June 2023

1. STATUTORY INFORMATION

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

The financial statements have been prepared on a going concern on the basis that it is the current intention of the members to provide continuing financial support. The current health crisis in the country gives rise to many uncertainties and the members will continue to monitor the situation in a fast changing environment.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc- 50% on cost

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Debtors & creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

Bethnal Green LLP (Registered number: OC360306)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2022
and 30th June 2023 620
DEPRECIATION
At 1st July 2022
and 30th June 2023 620
NET BOOK VALUE
At 30th June 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2022 353,000
Disposals (28,000 )
At 30th June 2023 325,000
NET BOOK VALUE
At 30th June 2023 325,000
At 30th June 2022 353,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 53,403 54,606

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 77,205 77,856

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 236,200 236,200

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs 236,200 236,200

Bethnal Green LLP (Registered number: OC360306)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 236,200 236,200

Bank loans are secured over the properties to which they relate.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank equally in relation to other creditors who are unsecured.

There are no such restrictions or limitations existing on the ability of the members to reduce the amount of 'Members' other interests.