Registered number
OC351469
Brookshire Capital LLP
Filleted Accounts
31 March 2024
Brookshire Capital LLP
Registered number: OC351469
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,488 2,360
Investments 4 3,750,000 3,632,000
3,753,488 3,634,360
Current assets
Debtors 5 23,140 28,426
Cash at bank and in hand 156,527 160,844
179,667 189,270
Creditors: amounts falling due within one year 6 (70,322) (71,006)
Net current assets 109,345 118,264
Total assets less current liabilities 3,862,833 3,752,624
Net assets attributable to members 3,862,833 3,752,624
Represented by:
Members' other interests
Members' capital classified as equity 661,062 661,062
Other reserves 3,201,771 3,091,562
3,862,833 3,752,624
3,862,833 3,752,624
Total members' interests
Members' other interests 3,862,833 3,752,624
3,862,833 3,752,624
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.
These accounts were approved by the members on 18 June 2024 and signed on their behalf by:
A J F Wildman
Designated member
Brookshire Capital LLP
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
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.
Turnover
Revenue is recognised on an accruals basis when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the LLP. Revenue comprises rental income and other income from tenants of the LLP’s properties, net of discounts, VAT and other sales-related taxes.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% per annum
Investments
Investments in subsidiaries are measured at cost less any accumulated impairment losses.

The LLP holds property for the purposes of investment and this is disclosed as such on the balance sheet. Investment properties are properties which are held either to earn rental income or for capital appreciation or for both.

The investment property is initially measured at cost including related transaction costs. After initial recognition the investment property is carried at fair value determined annually by external valuers or the designated partners at their discretion. Changes in fair value are recognised in profit or loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Other reserves
Other capital reserves include profits which have not yet been allocated to members and are not yet capable of being withdrawn by such members.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP - -
The LLP has no employees and there were no staff costs for the year ended 31 March 2024 (2023: nil).
The LLP had two (2023: two) designated members throughout the year.
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 7,912
Additions 1,965
At 31 March 2024 9,877
Depreciation
At 1 April 2023 5,552
Charge for the year 837
At 31 March 2024 6,389
Net book value
At 31 March 2024 3,488
At 31 March 2023 2,360
4 Fixed asset investments
Other
investments
£
Cost
At 1 April 2023 3,632,000
Revaluation 118,000
At 31 March 2024 3,750,000
Historical cost
At 1 April 2023 2,362,990
At 31 March 2024 2,362,990
5 Debtors 2024 2023
£ £
Trade debtors 11,904 15,443
Other debtors 11,236 12,983
23,140 28,426
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 124 2,466
Other taxes and social security costs 12,638 12,262
Other creditors 57,560 56,278
70,322 71,006
7 Other information
Brookshire Capital LLP is a limited liability partnership incorporated in England. Its registered office is:
Kempston
Mill Hill
Edenbridge
Kent
TN8 5DQ
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