Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01No description of principal activity00falsetruefalse OC444008 2023-04-01 2024-03-31 OC444008 2022-09-26 2023-03-31 OC444008 2024-03-31 OC444008 2023-03-31 OC444008 c:CurrentFinancialInstruments 2024-03-31 OC444008 c:CurrentFinancialInstruments 2023-03-31 OC444008 c:CurrentFinancialInstruments 2 2024-03-31 OC444008 c:CurrentFinancialInstruments 2 2023-03-31 OC444008 c:Non-currentFinancialInstruments 2024-03-31 OC444008 c:Non-currentFinancialInstruments 2023-03-31 OC444008 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC444008 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC444008 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC444008 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC444008 e:FRS102 2023-04-01 2024-03-31 OC444008 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC444008 e:FullAccounts 2023-04-01 2024-03-31 OC444008 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC444008 e:PartnerLLP1 2023-04-01 2024-03-31 OC444008 e:PartnerLLP2 2023-04-01 2024-03-31 OC444008 e:PartnerLLP3 2023-04-01 2024-03-31 OC444008 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC444008 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC444008 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: OC444008







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


BRIP 7 (WORCESTER PARK) LLP






































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BRIP 7 (WORCESTER PARK) LLP
 



INFORMATION




Designated Members

MAC Group Limited
BRIP 7 (Worcester Park BC) LLP

LLP registered number

OC444008

Registered office

Grafton HousePury Hill Business ParkTowcesterNorthamptonshireNN12 7LS

Accountants

Menzies LLPAshcombe House5 The CrescentLeatherheadSurreyKT22 8DY


 


BRIP 7 (WORCESTER PARK) LLP
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


BRIP 7 (WORCESTER PARK) LLP
REGISTERED NUMBER:OC444008



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
6,223,442
3,803,415

Debtors: amounts falling due within one year
 5 
403,514
660,492

  
6,626,956
4,463,907

Creditors: amounts falling due within one year
 6 
(6,626,856)
(6,510)

Net current assets
  
 
 
100
 
 
4,457,397

Total assets less current liabilities
  
100
4,457,397

Creditors: amounts falling due after more than one year
 7 
-
(4,457,297)

  
100
100

  

Net assets attributable to members
  
100
100


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
 8 
100
100

  
100
100

  

  
100
100


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(13,024)
(6,610)

Loans and other debts due to members
 8 
100
100

  
(12,924)
(6,510)


Page 1

 


BRIP 7 (WORCESTER PARK) LLP
REGISTERED NUMBER:OC444008


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the income statement in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 



M McElduff
For and on behalf of MAC Group Limited
Designated member

Date: 16 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


BRIP 7 (WORCESTER PARK) LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

BRIP 7 (Worcester Park) LLP is a limited liability partnership incorporated in England and Wales. The address of the registered office is Grafton House, Pury Hill Business Park, Towcester, Northamptonshire, NN12 7LS.
The LLP was incorporated on 26 September 2022, therefore the comparative figures are for a period less than that of 12 months and are not directly comparable. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principle accounting policies have been applied:

 
2.2

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

  
2.4

Stocks

Work in progress is valued on the basis of direct costs incurred. A provision is made for any forseeable losses
where appropriate. No element of profit is included in the valuation of the work in progress.

 
2.5

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Page 3

 


BRIP 7 (WORCESTER PARK) LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.6

Members' participation rights

Members' participation rights are the rights of a member against the LLP 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 LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP. 
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Statement of financial position. 
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Statement of comprehensive income and are equity appropriations in the Statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment. 
All amounts due to members that are classified as liabilities are presented in the Statement of financial position within 'Loans and other debts due to members' and are charged to the Statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Statement of financial position within 'Members' other interests'.


3.


Employees

The entity has no employees. 


4.


Stocks

2024
2023
£
£

Work in progress
6,223,442
3,803,415

6,223,442
3,803,415


Page 4

 


BRIP 7 (WORCESTER PARK) LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Amounts owed by related parties
390,490
653,882

Amounts due from members
13,024
6,610

403,514
660,492



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
5,441,826
-

Amounts owed to other participating interests
1,178,616
-

Accruals and deferred income
6,414
6,510

6,626,856
6,510


Paragon Development Finance Limited holds fixed and floating charges in relation to BRIP 7 (Worcester Park) LLP, which are secured against the assets and undertakings of the LLP.
BRIP 7 (Worcester Park BC) LLP holds fixed and floating charges in relation to BRIP 7 (Worcester Park) LLP, which are secured against the assets and undertakings of the LLP.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
-
3,278,681

Amounts owed to other participating interests
-
1,178,616

-
4,457,297


Paragon Development Finance Limited holds fixed and floating charges in relation to BRIP 7 (Worcester Park) LLP, which are secured against the assets and undertakings of the LLP.
BRIP 7 (Worcester Park BC) LLP holds fixed and floating charges in relation to BRIP 7 (Worcester Park) LLP, which are secured against the assets and undertakings of the LLP.

Page 5

 


BRIP 7 (WORCESTER PARK) LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans and other debts due to members


2024
2023
£
£



Members' capital treated as debt
100
100

100
100

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.


 
Page 6