Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 OC376463 BGV Investment Management Ltd Mr Paul Miller iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC376463 2022-12-31 OC376463 2023-12-31 OC376463 2023-01-01 2023-12-31 OC376463 frs-core:CurrentFinancialInstruments 2023-12-31 OC376463 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC376463 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2023-12-31 OC376463 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 OC376463 frs-bus:SmallEntities 2023-01-01 2023-12-31 OC376463 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC376463 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 OC376463 frs-core:CostValuation 2022-12-31 OC376463 frs-core:DisposalsRepaymentsInvestments 2023-12-31 OC376463 frs-core:CostValuation 2023-12-31 OC376463 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 OC376463 frs-core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2023-12-31 OC376463 frs-core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2023-12-31 OC376463 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 OC376463 frs-countries:EnglandWales 2023-01-01 2023-12-31 OC376463 frs-bus:PartnerLLP1 2023-01-01 2023-12-31 OC376463 frs-bus:PartnerLLP2 2023-01-01 2023-12-31 OC376463 2021-12-31 OC376463 2022-12-31 OC376463 2022-01-01 2022-12-31 OC376463 frs-core:CurrentFinancialInstruments 2022-12-31 OC376463 frs-core:OtherReservesSubtotal 2021-12-31
Registered number: OC376463
Bethnal Green Ventures LLP
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: OC376463
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 970,345 1,135,378
970,345 1,135,378
CURRENT ASSETS
Debtors 5 1,933,272 2,334,283
Cash at bank and in hand 2,619 65,373
1,935,891 2,399,656
Creditors: Amounts Falling Due Within One Year 6 (149,274 ) (145,072 )
NET CURRENT ASSETS (LIABILITIES) 1,786,617 2,254,584
TOTAL ASSETS LESS CURRENT LIABILITIES 2,756,962 3,389,962
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,756,962 3,389,962
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 2,756,962 3,389,962
2,756,962 3,389,962
2,756,962 3,389,962
TOTAL MEMBERS' INTEREST
Amounts due from members (1,933,272) (2,264,283)
Loans and other debts due to members within one year 2,756,962 3,389,962
823,690 1,125,679
Page 1
Page 2
For the year ending 31 December 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
Mr Paul Miller
Designated Member
13/09/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Other Reserves Members'Capital classified as Debt Other amounts Total Debts Total members' interest
£ £ £ £ £
Amounts due to members - 3,389,962 - 3,389,962 -
Amounts due from members - - (2,203,946) (2,203,946) -
Balance at 1 January 2022 - 3,389,962 (2,203,946) 1,186,016 1,186,016
Members' remuneration charged as an expense, including employment and retirement benefit costs - - (60,337) (60,337) (60,337)
Profit/(loss) for the financial year available for discretionary division among members - - - - -
Members' interests after profit/(loss) for the year - 3,389,962 (2,264,283) 1,125,679 1,125,679
Amounts due to members - 3,389,962 - 3,389,962 -
Amounts due from members - - (2,264,283) (2,264,283) -
As at 31 December 2022 and 1 January 2023 - 3,389,962 (2,264,283) 1,125,679 1,125,679
Members' remuneration charged as an expense, including employment and retirement benefit costs - - 331,011 331,011 331,011
Profit/(loss) for the financial year available for discretionary division among members - - - - -
Members' interests after profit/(loss) for the year - 3,389,962 (1,933,272) 1,456,690 1,456,690
Repayment of debt (including members' capital classified as liability) - (633,000) - (633,000) (633,000)
Amounts due to members - 2,756,962 - 2,756,962 -
Amounts due from members - - (1,933,272) (1,933,272) -
As at 31 December 2023 - 2,756,962 (1,933,272) 823,690 823,690
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Bethnal Green Ventures LLP is a limited liability partnership, incorporated in England & Wales, registered number OC376463 . The Registered Office is 63/66 Hatton Garden, Fifth Floor Suite 23, London, EC1N 8LE.
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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2022: NIL)
- -
4. Investments
Other
£
Cost
As at 1 January 2023 2,858,023
Disposals (108,165 )
As at 31 December 2023 2,749,858
Provision
As at 1 January 2023 1,722,645
Added in period 105,001
Disposals (48,133 )
As at 31 December 2023 1,779,513
Net Book Value
As at 31 December 2023 970,345
As at 1 January 2023 1,135,378
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income - 70,000
Amounts due from members 1,933,272 2,264,283
1,933,272 2,334,283
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors - 478
Accruals and deferred income 144,485 144,485
Amounts owed to associated companies 4,789 109
149,274 145,072
Page 4
Page 5
7. Related Party Transactions
As at 31 December 2023, the company owed £558,447 (2022: £687,624) to Social Innovation Camp Limited. Social Innovation Camp was a designated member until 18 June 2021 when it became a member of Bethnal Green Ventures LLP. There was no interest charged on these balances. 
As at 31 December 2023, the company owed £4,789 (2022: £109) to BGV Investment Management Ltd. BGVIM is a designated member of Bethnal Green Ventures LLP. There was no interest charged on these balances and they are repayable on demand.
Page 5