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REGISTERED NUMBER: OC445825 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 14 FEBRUARY 2023 TO 31 MARCH 2024

FOR

BRIP 7 (FRESSINGFIELD) LLP

BRIP 7 (FRESSINGFIELD) LLP (REGISTERED NUMBER: OC445825)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 FEBRUARY 2023 TO 31 MARCH 2024










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


BRIP 7 (FRESSINGFIELD) LLP

GENERAL INFORMATION
FOR THE PERIOD 14 FEBRUARY 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: Brip 7 (Fressingfield Bc) Llp
Hawksley Capital Partners(Fressingfield) Limited





REGISTERED OFFICE: Grafton House
Pury Hill Business Park
Towcester
Northamptonshire
NN12 7LS





REGISTERED NUMBER: OC445825 (England and Wales)





ACCOUNTANTS: Pickering Evennett Limited
467 Rainham Road South
Dagenham
Essex
RM10 7XJ

BRIP 7 (FRESSINGFIELD) LLP (REGISTERED NUMBER: OC445825)

REPORT OF THE MEMBERS
FOR THE PERIOD 14 FEBRUARY 2023 TO 31 MARCH 2024


The members present their report with the financial statements of the LLP for the period 14 February 2023 to 31 March 2024.

INCORPORATION
The LLP was incorporated on 14 February 2023 and commenced trading on 1 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of property development.

DESIGNATED MEMBERS
The designated members during the period under review were:

Brip 7 (Fressingfield Bc) Llp
Hawksley Capital Partners(Fressingfield) Limited

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The loss for the period before members' remuneration and profit shares was £66,995.

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Hawksley Capital Partners(Fressingfield) Limited - Designated member


22 January 2025

BRIP 7 (FRESSINGFIELD) LLP (REGISTERED NUMBER: OC445825)

INCOME STATEMENT
FOR THE PERIOD 14 FEBRUARY 2023 TO 31 MARCH 2024

£   

TURNOVER 3,000,000

Cost of sales 2,800,792
GROSS PROFIT 199,208

Administrative expenses 90,369
OPERATING PROFIT 108,839


Interest payable and similar expenses 175,834
LOSS FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




(66,995




)

BRIP 7 (FRESSINGFIELD) LLP (REGISTERED NUMBER: OC445825)

BALANCE SHEET
31 MARCH 2024

Notes £   
CURRENT ASSETS
Stocks 1,282,500
Debtors 4 3,850,185
5,132,685
CREDITORS
Amounts falling due within one year 5 5,132,685
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 (66,995 )

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 period 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 22 January 2025 and were signed by:




Hawksley Capital Partners(Fressingfield) Limited - Designated member

BRIP 7 (FRESSINGFIELD) LLP (REGISTERED NUMBER: OC445825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 FEBRUARY 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

BRIP 7 (Fressingfield) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by participating interests 17,333
Amounts recoverable on contract 3,000,000
Other debtors 832,852
3,850,185

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 3,289,469
Trade creditors 159,214
Amounts owed to participating interests 241,726
Other creditors 1,442,276
5,132,685