Limited Liability Partnership Registration No. OC438499 (England and Wales)
BPK Holdings GB LLP
Annual report and unaudited financial statements
for the year ended 31 July 2024
Pages for filing with the registrar
BPK Holdings GB LLP
Limited liability partnership information
Designated members
Bendpak Global LLC
British Distribution LLC
LLP registration number
OC438499
Registered office
3rd Floor
1 Ashley Road
Altrincham
Cheshire
WA14 2DT
Accountants
Saffery LLP
St Catherine's Court
Berkeley Place
Clifton
Bristol
BS8 1BQ
BPK Holdings GB LLP
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BPK Holdings GB LLP
Balance sheet
As at 31 July 2024
1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
166
166
Net current assets and net assets attributable to members
166
166
Represented by:
Members' other interests
Members' capital classified as equity
166
166
166
166

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 31 July 2024 the limited liability partnership was entitled to exemption from audit under section 480 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to dormant limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The financial statements were approved by the members and authorised for issue on 4 September 2024 and are signed on their behalf by:
04 September 2024
Virginia A. Henthorn on behalf of the designated members
Limited Liability Partnership Registration No. OC438499
BPK Holdings GB LLP
Notes to the financial statements
For the year ended 31 July 2024
2
1
Accounting policies
Limited liability partnership information

BPK Holdings GB LLP is a limited liability partnership incorporated in England and Wales. The registered office is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, WA14 2DT.

 

The limited liability partnership is currently dormant, the principal activity will be that of the acquisition, ownership and management of one or more warehouses in the United Kingdom when it commences trading.

 

BendPak Global LLC have covered some of the minor costs until the business starts trading.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Profit and loss account

The limited liability partnership has not traded during the year or the preceding financial period. During this time, the limited liability partnership received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Members' participating interests

Members' participation rights are the rights of a member against the limited liability partnership that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

 

Members' participation rights in the earnings or assets of the limited liability partnership are analysed between those that are, from the limited liability partnership's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the limited liability partnership has an unconditional right to refuse payment to members, in which case they are classified as equity.

Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

 

Where there exists an asset and liability component in respect of an individual member’s participation rights, they are presented on a gross basis unless the limited liability partnership has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

BPK Holdings GB LLP
Notes to the financial statements (continued)
For the year ended 31 July 2024
1
Accounting policies (continued)
3
1.4
Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the limited liability partnership after deducting all of its liabilities.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
166
166
4
Ultimate controlling party

The ultimate controlling party is Virginia A. Henthorn by virtue of his shareholding of the designated member companies.

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