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REGISTERED NUMBER: OC356194 (England and Wales)



















Unaudited Financial Statements

for the Period 1 July 2023 to 31 March 2024

for

Bedlars Holdings (UK) LLP

Bedlars Holdings (UK) LLP (Registered number: OC356194)

Contents of the Financial Statements
for the Period 1 July 2023 to 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bedlars Holdings (UK) LLP

General Information
for the Period 1 July 2023 to 31 March 2024







DESIGNATED MEMBERS: M J Ringer
Bedlars Holdings Limited





REGISTERED OFFICE: 2 York House
1a Langton Road
Tunbridge Wells
Kent
TN4 8XA





REGISTERED NUMBER: OC356194 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Bedlars Holdings (UK) LLP (Registered number: OC356194)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,004 52,894
Investments 5 706,951 704,899
Investment property 6 2,259,410 2,261,410
3,002,365 3,019,203

CURRENT ASSETS
Stocks 1,342,600 1,410,000
Debtors 7 162,139 246,164
Cash at bank and in hand 40,600 56,186
1,545,339 1,712,350
CREDITORS
Amounts falling due within one year 8 121,377 137,539
NET CURRENT ASSETS 1,423,962 1,574,811
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,426,327

4,594,014

CREDITORS
Amounts falling due after more than one year 9 941,000 994,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,485,327

3,600,014

Bedlars Holdings (UK) LLP (Registered number: OC356194)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 2,943,054 3,055,741
Revaluation reserve 11 542,273 544,273
3,485,327 3,600,014

TOTAL MEMBERS' INTERESTS
Members' other interests 3,485,327 3,600,014

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 period 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.

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 28 November 2024 and were signed by:





M J Ringer - Designated member

Bedlars Holdings (UK) LLP (Registered number: OC356194)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 March 2024


1. STATUTORY INFORMATION

Bedlars Holdings (UK) 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.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover represents rents and recharges invoiced net of Value Added Tax.

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 etc - 25% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Bedlars Holdings (UK) LLP (Registered number: OC356194)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024


2. ACCOUNTING POLICIES - continued

Investments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss.

Impairment of assets
Fixed assets are reviewed at each reporting date to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors and creditors receivable/payable in one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

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

Bedlars Holdings (UK) LLP (Registered number: OC356194)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 126,898
Additions 4,152
At 31 March 2024 131,050
DEPRECIATION
At 1 July 2023 74,004
Charge for period 21,042
At 31 March 2024 95,046
NET BOOK VALUE
At 31 March 2024 36,004
At 30 June 2023 52,894

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Brought forward 704,899 704,707
Capital introduced 2,052 192
706,951 704,899

Fixed Asset Investments represents the LLP's capital account balance in a Limited Liability Partnership.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 2,261,410
Impairments (2,000 )
At 31 March 2024 2,259,410
NET BOOK VALUE
At 31 March 2024 2,259,410
At 30 June 2023 2,261,410

Bedlars Holdings (UK) LLP (Registered number: OC356194)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024


6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2013 544,273
Valuation in 2023 600,000
Cost 1,115,137
2,259,410

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,761 28,366
Other debtors 136,378 217,798
162,139 246,164

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,711 15,634
Taxation and social security 10,885 11,127
Other creditors 106,781 110,778
121,377 137,539

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 941,000 994,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 941,000 994,000

Bedlars Holdings (UK) LLP (Registered number: OC356194)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024


11. RESERVES
Revaluation
reserve
£   
At 1 July 2023 544,273
Impairment (2,000 )
At 31 March 2024 542,273

12. RELATED PARTY DISCLOSURES

As at 31 March 2024 £135,508 (2023: £130,237) was owed from entities controlled by key management personnel.