REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
BRIP0219 (SUTTON) LLP |
REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
BRIP0219 (SUTTON) LLP |
BRIP0219 (SUTTON) LLP (REGISTERED NUMBER: OC425726) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Reconciliation of Members' Interests | 5 |
Notes to the Financial Statements | 7 |
BRIP0219 (SUTTON) LLP |
GENERAL INFORMATION |
for the Year Ended 31 March 2024 |
DESIGNATED MEMBERS: |
Barwood Capital Limited |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
4 Grovelands |
Boundary Way |
Hemel Hempstead |
Hertfordshire |
HP2 7TE |
BRIP0219 (SUTTON) LLP (REGISTERED NUMBER: OC425726) |
REPORT OF THE MEMBERS |
for the Year Ended 31 March 2024 |
The members present their report with the financial statements of the LLP for the year ended 31 March 2024. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of property development. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
Barwood Capital Limited |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The loss for the year before members' remuneration and profit shares was £120 (2023 - £193 loss). |
MEMBERS' INTERESTS |
ON BEHALF OF THE MEMBERS: |
BRIP0219 (SUTTON) LLP (REGISTERED NUMBER: OC425726) |
INCOME STATEMENT |
for the Year Ended 31 March 2024 |
31.3.24 | 31.3.23 |
£ | £ |
TURNOVER |
Administrative expenses |
(120 | ) | (371 | ) |
Other operating income |
OPERATING LOSS and |
LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
( |
) |
BRIP0219 (SUTTON) LLP (REGISTERED NUMBER: OC425726) |
BALANCE SHEET |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET LIABILITIES ATTRIBUTABLE TO MEMBERS |
- |
- |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
- |
- |
TOTAL MEMBERS' INTERESTS |
Amounts due from members | 4 | (46,446 | ) | (46,326 | ) |
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 were approved by the members of the LLP and authorised for issue on |
BRIP0219 (SUTTON) LLP (REGISTERED NUMBER: OC425726) |
RECONCILIATION OF MEMBERS' INTERESTS |
for the Year Ended 31 March 2024 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | - |
Amount due from members | (46,326 | ) |
Balance at 1 April 2023 | - | (46,326 | ) | (46,326 | ) |
Loss for the financial year available for discretionary division among members |
(120 |
) |
- |
(120 |
) |
Members' interests after loss for the year |
(120 |
) |
(46,326 |
) |
(46,446 |
) |
Other divisions of loss | 120 | (120 | ) | - |
Amount due to members | - |
Amount due from members | (46,446 | ) |
Balance at 31 March 2024 | - | (46,446 | ) | (46,446 | ) |
BRIP0219 (SUTTON) LLP (REGISTERED NUMBER: OC425726) |
RECONCILIATION OF MEMBERS' INTERESTS |
for the Year Ended 31 March 2024 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | - |
Amount due from members | (46,133 | ) |
Balance at 1 April 2022 | - | (46,133 | ) | (46,133 | ) |
Loss for the financial year available for discretionary division among members |
(193 |
) |
- |
(193 |
) |
Members' interests after loss for the year |
(193 |
) |
(46,133 |
) |
(46,326 |
) |
Other divisions of loss | 193 | (193 | ) | - |
Amount due to members | - |
Amount due from members | (46,326 | ) |
Balance at 31 March 2023 | - | (46,326 | ) | (46,326 | ) |
BRIP0219 (SUTTON) LLP (REGISTERED NUMBER: OC425726) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
BRIP0219 (Sutton) 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. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been passed to the buyer. Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added taxes derived from ordinary activities. |
Members participating interests |
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. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity. |
All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests. |
Where there exists an asset and liability component in respect of an individual member's participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net. |
Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Amounts due from members | 46,446 | 46,326 |
Other debtors |
BRIP0219 (SUTTON) LLP (REGISTERED NUMBER: OC425726) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade creditors |
Other creditors |
6. | SECURED DEBTS |
The bank loans are secured by way of fixed and floating charge on the properties concerned. |