Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 OC383356 Bride Street Capital Partners Ltd J R Kennedy Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC383356 2022-08-31 OC383356 2023-08-31 OC383356 2022-09-01 2023-08-31 OC383356 frs-core:CurrentFinancialInstruments 2023-08-31 OC383356 frs-core:Non-currentFinancialInstruments 2023-08-31 OC383356 frs-core:ComputerEquipment 2023-08-31 OC383356 frs-core:ComputerEquipment 2022-09-01 2023-08-31 OC383356 frs-core:ComputerEquipment 2022-08-31 OC383356 frs-core:MotorVehicles 2023-08-31 OC383356 frs-core:MotorVehicles 2022-09-01 2023-08-31 OC383356 frs-core:MotorVehicles 2022-08-31 OC383356 frs-core:PlantMachinery 2023-08-31 OC383356 frs-core:PlantMachinery 2022-09-01 2023-08-31 OC383356 frs-core:PlantMachinery 2022-08-31 OC383356 frs-bus:LimitedLiabilityPartnershipLLP 2022-09-01 2023-08-31 OC383356 frs-bus:LimitedLiabilityPartnershipsSORP 2022-09-01 2023-08-31 OC383356 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 OC383356 frs-bus:SmallEntities 2022-09-01 2023-08-31 OC383356 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 OC383356 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 OC383356 frs-core:CostValuation 2022-08-31 OC383356 frs-core:CostValuation 2023-08-31 OC383356 frs-core:ProvisionsForImpairmentInvestments 2022-08-31 OC383356 frs-core:ProvisionsForImpairmentInvestments 2023-08-31 OC383356 frs-countries:EnglandWales 2022-09-01 2023-08-31 OC383356 frs-bus:PartnerLLP1 2022-09-01 2023-08-31 OC383356 frs-bus:PartnerLLP2 2022-09-01 2023-08-31 OC383356 2021-08-31 OC383356 2022-08-31 OC383356 2021-09-01 2022-08-31 OC383356 frs-core:CurrentFinancialInstruments 2022-08-31 OC383356 frs-core:Non-currentFinancialInstruments 2022-08-31
Registered number: OC383356
Bride Street Capital LLP
Unaudited Financial Statements
For The Year Ended 31 August 2023
Mojo Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC383356
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,451 4,863
Investment Properties 5 10,291,764 10,100,000
Investments 6 100 100
10,294,315 10,104,963
CURRENT ASSETS
Debtors 7 1,317,852 885,007
Cash at bank and in hand 97,939 120,277
1,415,791 1,005,284
Creditors: Amounts Falling Due Within One Year 8 (4,975,061 ) (4,978,782 )
NET CURRENT ASSETS (LIABILITIES) (3,559,270 ) (3,973,498 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,735,045 6,131,465
Creditors: Amounts Falling Due After More Than One Year 9 (7,150,948 ) (6,547,368 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (365,349 ) (365,349 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (781,252 ) (781,252 )
REPRESENTED BY:
Equity
Members' other interests
Revaluation reserve 1,807,168 1,807,168
Other reserves (2,588,420) (2,588,420)
(781,252) (781,252)
TOTAL MEMBERS' INTEREST
Amounts due from members (419,779) -
Members' other interests (781,252) (781,252)
(1,201,031) (781,252)
Page 1
Page 2
For the year ending 31 August 2023 the LLP 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Bride Street Capital Partners Ltd
Designated Member
30/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bride Street Capital LLP is a limited liability partnership, incorporated in England & Wales, registered number OC383356 . The Registered Office is 11 Merus Court, Meridian Business Park, Leicester, LE19 1RJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Motor Vehicles 20% Straight Line
Computer Equipment 20% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2022: )
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2022 332 11,754 5,903 17,989
Additions - - 320 320
As at 31 August 2023 332 11,754 6,223 18,309
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 September 2022 50 7,442 5,634 13,126
Provided during the period 49 2,351 332 2,732
As at 31 August 2023 99 9,793 5,966 15,858
Net Book Value
As at 31 August 2023 233 1,961 257 2,451
As at 1 September 2022 282 4,312 269 4,863
5. Investment Property
2023
£
Fair Value
As at 1 September 2022 10,100,000
Additions 191,764
As at 31 August 2023 10,291,764
6. Investments
Subsidiaries
£
Cost
As at 1 September 2022 100
As at 31 August 2023 100
Provision
As at 1 September 2022 -
As at 31 August 2023 -
Net Book Value
As at 31 August 2023 100
As at 1 September 2022 100
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 5,314 -
Amounts owed by group undertakings 873,897 851,684
Other debtors 438,641 33,323
1,317,852 885,007
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,941 -
Other loans 515,170 476,358
Amounts owed to group undertakings 3,299 3,299
Amounts owed to participating interests 3,881,752 3,967,304
Other creditors 570,899 531,821
4,975,061 4,978,782
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 7,150,948 6,547,368
Page 5