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REGISTERED NUMBER: OC417428 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024

FOR

REDBRICK VENTURES LLP

REDBRICK VENTURES LLP (REGISTERED NUMBER: OC417428)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


REDBRICK VENTURES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 MARCH 2024







DESIGNATED MEMBERS: Jomalle Torres Andronicou
Paul Andronicou





REGISTERED OFFICE: Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: OC417428 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

REDBRICK VENTURES LLP (REGISTERED NUMBER: OC417428)

STATEMENT OF FINANCIAL POSITION
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 608 810
Investment property 5 2,095,991 2,095,991
2,096,599 2,096,801

CURRENT ASSETS
Debtors 6 8,697 16,113
Cash at bank 69,711 62,439
78,408 78,552
CREDITORS
Amounts falling due within one year 7 48,678 63,945
NET CURRENT ASSETS 29,730 14,607
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,126,329

2,111,408

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

30,338

15,417

MEMBERS' OTHER INTERESTS
Capital accounts 2,095,991 2,095,991
2,126,329 2,111,408

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 30,338 15,417
Members' other interests 2,095,991 2,095,991
Amounts due from members 6 - (7,274 )
2,126,329 2,104,134

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 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.

REDBRICK VENTURES LLP (REGISTERED NUMBER: OC417428)

STATEMENT OF FINANCIAL POSITION - continued
30 MARCH 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 31 January 2025 and were signed by:





Paul Andronicou - Designated member

REDBRICK VENTURES LLP (REGISTERED NUMBER: OC417428)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024


1. STATUTORY INFORMATION

Redbrick Ventures 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 31 March 2023
and 30 March 2024 1,239
Depreciation
At 31 March 2023 429
Charge for year 202
At 30 March 2024 631
Net book value
At 30 March 2024 608
At 30 March 2023 810

REDBRICK VENTURES LLP (REGISTERED NUMBER: OC417428)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024


5. INVESTMENT PROPERTY
Total
£   
Fair value
At 31 March 2023
and 30 March 2024 2,095,991
Net book value
At 30 March 2024 2,095,991
At 30 March 2023 2,095,991

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 142
Other debtors 8,697 15,971
8,697 16,113

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 48,678 63,945

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 30,338 15,417

Falling due within one year 30,338 15,417

This is not loan to members, this is the current accounts of designated partners.