Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31false2022-04-05The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activity00false OC441823 2022-04-04 OC441823 2022-04-05 2023-03-31 OC441823 2021-04-05 2022-04-04 OC441823 2023-03-31 OC441823 c:Director3 2022-04-05 2023-03-31 OC441823 d:CurrentFinancialInstruments 2023-03-31 OC441823 d:Non-currentFinancialInstruments 2023-03-31 OC441823 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 OC441823 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 OC441823 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 OC441823 c:FRS102 2022-04-05 2023-03-31 OC441823 c:AuditExempt-NoAccountantsReport 2022-04-05 2023-03-31 OC441823 c:FullAccounts 2022-04-05 2023-03-31 OC441823 c:LimitedLiabilityPartnershipLLP 2022-04-05 2023-03-31 OC441823 c:PartnerLLP2 2022-04-05 2023-03-31 OC441823 d:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC441823 d:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC441823 e:PoundSterling 2022-04-05 2023-03-31 iso4217:GBP xbrli:pure

Registered number: OC441823










BRIP 5 (WOOD BURCOTE) LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
BRIP 5 (WOOD BURCOTE) LLP
REGISTERED NUMBER: OC441823

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
Note
£

  

Current assets
  

Stocks
  
3,427,820

Debtors: amounts falling due within one year
 3 
146,314

Cash at bank and in hand
 4 
114,751

  
3,688,885

Creditors: Amounts Falling Due Within One Year
 5 
(128,184)

Net current assets
  
 
 
3,560,701

Total assets less current liabilities
  
3,560,701

Creditors: amounts falling due after more than one year
  
(2,585,701)

  
975,000

  

Net assets
  
975,000


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
974,900

  
974,900

Members' other interests
  

Members' capital classified as equity
  
100

  
 
100

  
975,000


Total members' interests
  

Loans and other debts due to members
  
974,900

Members' other interests
  
100

  
975,000


Page 1

 
BRIP 5 (WOOD BURCOTE) LLP
REGISTERED NUMBER: OC441823
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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: 






D Vercoe
For and on behalf of:





TALBOT HOMES LIMITED
Designated member
Date: 19 July 2023

The notes on pages 4 to 7 form part of these financial statements.

BRIP 5 (Wood Burcote) 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.

Page 2

 
BRIP 5 (WOOD BURCOTE) LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 31 MARCH 2023






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Total
Other amounts
Total
Total

£
£
£
£
£

Balance at 4 April 2022
-
-
-
-
-

Amounts introduced by members
100
100
974,960
974,960
975,060

Drawings on account and distribution of profit
-
-
(60)
(60)
(60)

Amounts due to members
974,900
974,900

Balance at 31 March 2023 
100
100
974,900
974,900
975,000



Page 3

 
BRIP 5 (WOOD BURCOTE) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

BRIP 5 (Wood Burcote) LLP (CC441823) is a Limited liability partnership  and registered in England and Wales.The registered office is Grafton House, Pury Hill Business Park, Towcester, Northamptonshire, NN12 7LS.  

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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:

 
2.2

Revenue

Revenue 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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
BRIP 5 (WOOD BURCOTE) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Debtors

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.

 
2.6

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Creditors

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.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.


3.


Debtors

2023
£


Amounts owed by members
52,513

Other debtors
93,800

146,313



4.


Cash and cash equivalents

2023
£

Cash at bank and in hand
114,751

114,751


Page 5

 
BRIP 5 (WOOD BURCOTE) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
118,048

Amounts owed to other participating interests
1,505

Other creditors
6,631

Accruals and deferred income
2,000

128,184



6.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
2,585,701

2,585,701



7.


Loans


Analysis of the maturity of loans is given below:


2023
£


Amounts falling due 1-2 years

Bank loans
2,585,701


2,585,701



2,585,701


Page 6

 
BRIP 5 (WOOD BURCOTE) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

8.


Loans and other debts due to members


2023
£



Other amounts due to members
974,900

974,900

Loans and other debts due to members may be further analysed as follows:

2023
£



Falling due after more than one year
974,900

974,900

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.


9.Other financial commitments

A redemption fee of £56,024 is payable in equal instalments on the completion of the sale of each property.


10.


Controlling party

In the opinion of the members, there is no controlling party as defined by FRS 102 1A.

 
Page 7