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REGISTERED NUMBER: OC325239 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

Black Brick Property Solutions LLP

Black Brick Property Solutions LLP (Registered number: OC325239)






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




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Black Brick Property Solutions LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: C Dell
J R Dell
C Harvard-Walls





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: OC325239 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Black Brick Property Solutions LLP (Registered number: OC325239)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 27,844 33,993
Investments 6 40,000 40,000
67,844 73,993

CURRENT ASSETS
Debtors 7 51,316 149,135
Cash at bank 579,383 410,496
630,699 559,631
CREDITORS
Amounts falling due within one year 8 (98,551 ) (125,137 )
NET CURRENT ASSETS 532,148 434,494
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

599,992

508,487

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

559,991

468,486

MEMBERS' OTHER INTERESTS
Capital accounts 40,001 40,001
599,992 508,487

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 559,991 468,486
Members' other interests 40,001 40,001
599,992 508,487

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.

Black Brick Property Solutions LLP (Registered number: OC325239)

Statement of Financial Position - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 21 November 2024 and were signed by:





C Dell - Designated member

Black Brick Property Solutions LLP (Registered number: OC325239)

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

1. STATUTORY INFORMATION

Black Brick Property Solutions LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of services provided during the year, net of value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures, fittings & equipment - 25% on reducing balance
Computer equipment - 25% on cost and 25% on reducing balance

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Leasing
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

Taxation
The taxation payable on the partnership profits is solely the personal liability of the individual members and consequently neither partnership taxation, nor related deferred taxation arising in respect of the partnership, are accounted for in these financial statements.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2023 - 5 ) .

Black Brick Property Solutions LLP (Registered number: OC325239)

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

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures,
Plant and fittings Computer
machinery & equipment equipment Totals
£    £    £    £   
Cost
At 1 April 2023 633 30,252 25,958 56,843
Additions - - 5,030 5,030
At 31 March 2024 633 30,252 30,988 61,873
Depreciation
At 1 April 2023 633 5,267 16,950 22,850
Charge for year - 6,247 4,932 11,179
At 31 March 2024 633 11,514 21,882 34,029
Net book value
At 31 March 2024 - 18,738 9,106 27,844
At 31 March 2023 - 24,985 9,008 33,993

6. FIXED ASSET INVESTMENTS

Artwork - Annie Morris (oil stick on paper) purchased for £40,000 on 3 October 2022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 8,041 109,159
Other debtors 43,275 39,976
51,316 149,135

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 24,803 11,107
Taxation and social security 22,707 43,471
Other creditors 51,041 70,559
98,551 125,137

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/24 31/3/23
£    £   
Within one year 67,341 73,500
Between one and five years - 67,341
67,341 140,841

Black Brick Property Solutions LLP (Registered number: OC325239)

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

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

11. ULTIMATE CONTROLLING PARTY

The controlling party is C Dell.