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REGISTERED NUMBER: OC311833 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

BPU Property LLP

BPU Property LLP (Registered number: OC311833)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 4 - 550,000

CURRENT ASSETS
Cash at bank - 12,302

CREDITORS
Amounts falling due within one year 5 - 5,957
NET CURRENT ASSETS - 6,345
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

556,345

LOANS AND OTHER DEBTS DUE
TO MEMBERS

7

-

397,345

MEMBERS' OTHER INTERESTS
Capital accounts - 159,000
- 556,345

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

7

-

397,345
Members' other interests - 159,000
- 556,345

BPU Property LLP (Registered number: OC311833)

Balance Sheet - continued
31 March 2024


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.

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 23 December 2024 and were signed by:





J H Palin - Designated member

BPU Property LLP (Registered number: OC311833)

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


1. STATUTORY INFORMATION

BPU Property LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC311833

Registered office: Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

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.

Related party exemption
The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with Companies related to the members..

Turnover
Turnover represents net rents receivable excluding VAT.

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 3 (2023 - 3 ) .

BPU Property LLP (Registered number: OC311833)

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


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023 550,000
Disposals (550,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 550,000

The members with the assistance of their professional property advisors have assessed the value of the Investment Property at 31 March 2023.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts - 2,824
Taxation and social security - 3,133
- 5,957

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans - 2,824

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Capital loans and other debts due to members rank behind creditors in accordance with the members agreement. There are no restrictions on the members' ability to reduce the amount of members other interests.