IRIS Accounts Production v24.1.4.33 OC382967 designated member designated member 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3829672023-03-31OC3829672024-03-31OC3829672023-04-012024-03-31OC3829672022-03-31OC3829672022-04-012023-03-31OC3829672023-03-31OC382967ns15:EnglandWales2023-04-012024-03-31OC382967ns14:PoundSterling2023-04-012024-03-31OC382967ns10:Director12023-04-012024-03-31OC382967ns10:Director22023-04-012024-03-31OC382967ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC382967ns10:SmallEntities2023-04-012024-03-31OC382967ns10:AuditExemptWithAccountantsReport2023-04-012024-03-31OC382967ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC382967ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC382967ns10:FullAccounts2023-04-012024-03-31OC382967ns10:RegisteredOffice2023-04-012024-03-31OC382967ns5:CurrentFinancialInstruments2024-03-31OC382967ns5:CurrentFinancialInstruments2023-03-31OC382967ns5:Non-currentFinancialInstruments2024-03-31OC382967ns5:Non-currentFinancialInstruments2023-03-31OC382967ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC382967ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31OC382967ns5:Secured2024-03-31OC382967ns5:Secured2023-03-31
REGISTERED NUMBER: OC382967 (England and Wales)








Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bluekeep Buildings LLP

Bluekeep Buildings LLP (Registered number: OC382967)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Bluekeep Buildings LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: C Ritchie
C Hall





REGISTERED OFFICE: 4 Grove Avenue
Gosforth
Newcastle
Tyne and Wear
NE3 1ND





REGISTERED NUMBER: OC382967 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Bluekeep Buildings LLP (Registered number: OC382967)

Report of the Members
for the Year Ended 31 March 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property ownership for rental.

DESIGNATED MEMBERS
The designated members during the year under review were:

C Ritchie
C Hall

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £8,246 (2023 - £2,183 profit).

MEMBERS' INTERESTS
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 as
modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations
2008 relating to small LLPs.

ON BEHALF OF THE MEMBERS:





C Ritchie - Designated member


26 June 2024

Bluekeep Buildings LLP (Registered number: OC382967)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER - -

Administrative expenses 3,521 3,486
(3,521 ) (3,486 )

Other operating income 16,809 8,992
OPERATING PROFIT 13,288 5,506


Interest payable and similar expenses 4 5,042 3,323
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




8,246




2,183

Bluekeep Buildings LLP (Registered number: OC382967)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 206,442 206,442

CURRENT ASSETS
Debtors 6 599 1,554
Cash at bank 24,215 16,423
24,814 17,977
CREDITORS
Amounts falling due within one year 7 56,253 55,567
NET CURRENT LIABILITIES (31,439 ) (37,590 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,003

168,852

CREDITORS
Amounts falling due after more than one
year

8

57,299

59,394
NET ASSETS ATTRIBUTABLE TO
MEMBERS

117,704

109,458

LOANS AND OTHER DEBTS DUE
TO MEMBERS

10

117,704

109,458

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 117,704 109,458

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Bluekeep Buildings LLP (Registered number: OC382967)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 26 June 2024 and were signed by:




C Ritchie - Designated member




C Hall - Designated member


Bluekeep Buildings LLP (Registered number: OC382967)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bluekeep Buildings LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. INTEREST PAYABLE AND SIMILAR EXPENSES
31.3.24 31.3.23
£    £   
Bank loan interest 5,042 3,323

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 206,442
NET BOOK VALUE
At 31 March 2024 206,442
At 31 March 2023 206,442

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 206,442

Bluekeep Buildings LLP (Registered number: OC382967)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 908
Other debtors 599 646
599 1,554

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,700 2,700
Trade creditors 51,131 51,892
Taxation and social security 1,660 220
Other creditors 762 755
56,253 55,567

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 57,299 59,394

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 46,499 48,594

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 59,999 62,094

The bank loan is secured by a first legal charge over the investment property.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with other creditors excluding the bank loan, which is a preferential creditor due to being secured over the investment property.