Registered No. OC375548 (England and Wales)
BVN PARTNERS LLP
Unaudited accounts
for the year ended 31 May 2023
BVN PARTNERS LLP
LLP Information
for the year ended 31 May 2023
Designated members
MR RICHARD CHARLES BEVAN
EXCEL ADVISORY PARTNERS LTD
Registered Number
OC375548 (England and Wales)
Registered Office
1A, 15 CHELSEA EMBANKMENT
LONDON
SW3 4LA
Accountants
BVN PARTNERS LLP
1A 15 Chelsea Embankment
LONDON
SW3 4LA
BVN PARTNERS LLP
Statement of financial position
as at 31 May 2023
Intangible assets
1
26,235
Creditors: amounts falling due within one year
(185,761)
(56,725)
Net current assets
320,094
485,930
Total assets less current liabilities
320,096
517,665
Creditors: amounts falling due after more than one year
(173,487)
(314,300)
Net assets attributable to members
146,609
203,365
Loans and other debts due to members
400,810
400,810
Members' capital classified as equity
(2)
(2)
Other reserves
(254,199)
(197,443)
BVN PARTNERS LLP
Statement of financial position
as at 31 May 2023 (continued)
Loans and other debts due to members
400,810
400,810
Members' other interests
(254,201)
(197,445)
For the year ending 31 May 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 28 August 2024.
MR RICHARD CHARLES BEVAN
Designated member
Limited Liability Partnership Registration No. OC375548
BVN PARTNERS LLP
Notes to the Accounts
for the year ended 31 May 2023
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
BVN PARTNERS LLP is a limited liability partnership, incorporated in England and Wales, registration number OC375548. Its registered office is 1A, 15 CHELSEA EMBANKMENT, LONDON, SW3 4LA.
3
Intangible fixed assets
Goodwill
Charge for the year
26,234
BVN PARTNERS LLP
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
40,433
42,600
6
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
153,487
145,800
7
Loans and other debts due to members
2023
2022
Loans from members
411,953
411,953
Amounts due to members in respect of profits
(11,143)
(11,143)
Amounts falling due within one year
400,810
400,810
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).