REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
BELGRADE PARTNERS LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
BELGRADE PARTNERS LLP |
BELGRADE PARTNERS LLP (REGISTERED NUMBER: OC374098) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 April 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BELGRADE PARTNERS LLP |
GENERAL INFORMATION |
For The Year Ended 30 April 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 Rushmills |
Bedford Road |
Northampton |
Northamptonshire |
NN4 7YB |
BELGRADE PARTNERS LLP (REGISTERED NUMBER: OC374098) |
BALANCE SHEET |
30 April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,483,345 |
1,479,547 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
- |
- |
MEMBERS' OTHER INTERESTS |
Capital accounts | 226,322 | 222,524 |
Revaluation reserve | 8 |
1,483,345 | 1,479,547 |
TOTAL MEMBERS' INTERESTS |
Members' other interests | 1,483,345 | 1,479,547 |
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. |
BELGRADE PARTNERS LLP (REGISTERED NUMBER: OC374098) |
BALANCE SHEET - continued |
30 April 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
BELGRADE PARTNERS LLP (REGISTERED NUMBER: OC374098) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
Belgrade Partners 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 |
There were no material departures that standard. |
Turnover |
Turnover represents rental income net of VAT and is recognised on a receivable basis. |
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 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2023 |
and 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
The valuations of investment properties were made in September 2022 by a Tax Advisory practice, upon assessment of a new lease to be undertaken on the property. No depreciation is provided on investment properties. |
Fair value at 30 April 2024 is represented by: |
£ |
Valuation in 2017 | 67,023 |
Valuation in 2019 | 430,000 |
Valuation in 2021 | 120,000 |
Valuation in 2023 | 640,000 |
Valuation in 2024 | 677,977 |
1,935,000 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
BELGRADE PARTNERS LLP (REGISTERED NUMBER: OC374098) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 April 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 May 2023 |
and 30 April 2024 |
9. | RELATED PARTY TRANSACTIONS |
During the year rental income of £126,000 (2023 - £93,333) was receivable from Burnetts Manufacturing Limited, a company which is under the ultimate control of A Murphy. |
As at 30 April 2024 other creditors include £885,745 (2023 - £735,097) owed to Burnetts Manufacturing Limited in respect of a rent deposit held, advance rental income and funds used by Belgrade Partners LLP for loan repayments . |
All transactions were carried out on a commercial basis. |