Registered number
OC356659
Bede Globe LLP
Filleted Accounts
31 March 2024
Bede Globe LLP
Registered number: OC356659 OC356659
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 1,000 1,000
Net current assets 1,000 1,000
Total assets less current liabilities 1,000 1,000
Net assets attributable to members 1,000 1,000
Represented by:
Loans and other debts due to members 3 1,000 1,000
1,000 1,000
Total members' interests
Loans and other debts due to members 3 1,000 1,000
1,000 1,000
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 480 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 12 November 2024 and signed on their behalf by:
Ian Baggett Professor, BSc (Hons), PhD, MRICS, FRGS
Designated member
Bede Globe 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.
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits 1,000 1,000
Amounts falling due within one year 1,000 1,000
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
4 Controlling party
The LLP is controlled by the members, I R Baggett, J M J Mackay and M J Totham.
5 Other information
Bede Globe LLP is a limited liability partnership incorporated in England. Its registered office is:
Nelson House, The Fleming
Burdon Terrace, Jesmond
Newcastle upon Tyne
NE2 3AE
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