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REGISTERED NUMBER: OC374098 (England and Wales)
























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: D F Murphy
A Murphy
G M Leech
B B Murphy





REGISTERED OFFICE: 4 Iverness Road
Poole
England
BH13 7LX





REGISTERED NUMBER: OC374098 (England and Wales)





ACCOUNTANTS: TC Group
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 1,935,000 1,935,000

CURRENT ASSETS
Debtors 5 1,092,406 988,964
Cash at bank 15,579 14,689
1,107,985 1,003,653
CREDITORS
Amounts falling due within one year 6 988,724 836,105
NET CURRENT ASSETS 119,261 167,548
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,054,261

2,102,548

CREDITORS
Amounts falling due after more than one
year

7

570,916

623,001
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 1,257,023 1,257,023
1,483,345 1,479,547

TOTAL MEMBERS' INTERESTS
Members' other interests 1,483,345 1,479,547

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 30 April 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.

BELGRADE PARTNERS LLP (REGISTERED NUMBER: OC374098)

BALANCE SHEET - continued
30 April 2024


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 29 January 2025 and were signed by:





A Murphy - Designated member

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
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.

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 (2023 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,935,000
NET BOOK VALUE
At 30 April 2024 1,935,000
At 30 April 2023 1,935,000

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 1,092,406 988,964

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 6,300 5,880
Other creditors 982,424 830,225
988,724 836,105

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 570,916 623,001

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 1,257,023

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.