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REGISTERED NUMBER: OC425726 (England and Wales)















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: Resolution Homes Ltd
Barwood Capital Limited





REGISTERED OFFICE: The Loft
111 Dunstable Street
Ampthill
MK45 2NG





REGISTERED NUMBER: OC425726 (England and Wales)





ACCOUNTANTS: Kings Chartered 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:

Resolution Homes Ltd
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:





Resolution Homes Ltd - Designated member


27 December 2024

BRIP0219 (SUTTON) LLP (REGISTERED NUMBER: OC425726)

INCOME STATEMENT
for the Year Ended 31 March 2024

31.3.24 31.3.23
£    £   

TURNOVER - 162

Administrative expenses 120 533
(120 ) (371 )

Other operating income - 178
OPERATING LOSS and
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




(120




)




(193




)

BRIP0219 (SUTTON) LLP (REGISTERED NUMBER: OC425726)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 54,946 54,896
Cash at bank - 50
54,946 54,946
CREDITORS
Amounts falling due within one year 5 54,946 54,946
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 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 27 December 2024 and were signed by:





Resolution Homes Ltd - Designated member

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
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.

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 8,500 8,570
54,946 54,896

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 29,933 29,933
Other creditors 25,013 25,013
54,946 54,946

6. SECURED DEBTS

The bank loans are secured by way of fixed and floating charge on the properties concerned.