Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 31 March 2024 31 March 2024 OC421360 B.L.S. Futures Limited Cannon Bridge Angels Limited M Shirley Trading Ltd Wisdom Finance Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC421360 2023-06-30 OC421360 2024-03-31 OC421360 2023-07-01 2024-03-31 OC421360 frs-core:CurrentFinancialInstruments 2024-03-31 OC421360 frs-bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-03-31 OC421360 frs-bus:LimitedLiabilityPartnershipsSORP 2023-07-01 2024-03-31 OC421360 frs-bus:FilletedAccounts 2023-07-01 2024-03-31 OC421360 frs-bus:SmallEntities 2023-07-01 2024-03-31 OC421360 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-03-31 OC421360 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-03-31 OC421360 frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC421360 frs-core:UnlistedNon-exchangeTraded 2023-06-30 OC421360 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-06-30 OC421360 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC421360 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC421360 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-06-30 OC421360 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC421360 frs-countries:EnglandWales 2023-07-01 2024-03-31 OC421360 frs-bus:PartnerLLP1 2023-07-01 2024-03-31 OC421360 frs-bus:PartnerLLP2 2023-07-01 2024-03-31 OC421360 frs-bus:PartnerLLP3 2023-07-01 2024-03-31 OC421360 frs-bus:PartnerLLP4 2023-07-01 2024-03-31 OC421360 2022-06-30 OC421360 2023-06-30 OC421360 2022-07-01 2023-06-30 OC421360 frs-core:CurrentFinancialInstruments 2023-06-30
Registered number: OC421360
Cannon Bridge Ventures LLP
Financial Statements
For the Period 1 July 2023 to 31 March 2024
Fruition Accountancy Limited
Unit 4 Three Spires House, Station Road
Lichfield
WS13 6HX
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC421360
31 March 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,802,467 1,453,206
2,802,467 1,453,206
CURRENT ASSETS
Debtors 5 - 184,500
Investments 6 3,013,000 1,341,177
Cash at bank and in hand 70,735 19,301
3,083,735 1,544,978
Creditors: Amounts Falling Due Within One Year 7 (2,279,939 ) (1,444,242 )
NET CURRENT ASSETS (LIABILITIES) 803,796 100,736
TOTAL ASSETS LESS CURRENT LIABILITIES 3,606,263 1,553,942
NET ASSETS ATTRIBUTABLE TO MEMBERS 3,606,263 1,553,942
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 3,144,989 1,162,105
Other amounts 440,791 372,893
3,585,780 1,534,998
Equity
Members' other interests
Revaluation reserve 20,483 18,944
20,483 18,944
3,606,263 1,553,942
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 3,585,780 1,534,998
Members' other interests 20,483 18,944
3,606,263 1,553,942
Page 1
Page 2
For the period ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
B.L.S. Futures Limited
Designated Member
22nd January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cannon Bridge Ventures LLP is a limited liability partnership, incorporated in England & Wales, registered number OC421360 . The Registered Office is Imperial House, 21-25 North Street, Bromley, BR1 1SD.
The accounting period end has been shortened from 30 June 2024 to 31 March 2024 as a result of HMRC's Basis Period Reform.  These financial statements include the 9 month period from 1 July 2023 to 31 March 2024.  The comparatives are for the 12 month period ended 30 June 2023, and therefore not entirely comparable.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs.  Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.  Other investments are measured at cost less impairment.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Investments
Unlisted
£
Cost
As at 1 July 2023 1,453,206
Additions 1,349,261
As at 31 March 2024 2,802,467
Provision
As at 1 July 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 2,802,467
As at 1 July 2023 1,453,206
5. Debtors
31 March 2024 30 June 2023
£ £
Due within one year
Other debtors - 184,500
- 184,500
6. Current Asset Investments
31 March 2024 30 June 2023
£ £
Short term deposits 3,013,000 1,341,177
3,013,000 1,341,177
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 June 2023
£ £
Other creditors 2,279,939 1,444,242
2,279,939 1,444,242
Page 4
Page 5
8. Related Party Transactions
OSTC Group Holdings LimitedCommon control of membersDuring the year the partnership received a loan from OSTC Group Holdings Limited. At the balance sheet date the balance included in other creditors was £238,376 (2023: £Nil).

OSTC Group Holdings Limited

Common control of members

During the year the partnership received a loan from OSTC Group Holdings Limited. At the balance sheet date the balance included in other creditors was £238,376 (2023: £Nil).

Cannon Bridge Properties LimitedCommon control of membersDuring the year the partnership maintained a loan account with Cannon Bridge Properties Limited. At the balance sheet date the balance included in other creditors was £1,150,000 (2023: £1,000,000).

Cannon Bridge Properties Limited

Common control of members

During the year the partnership maintained a loan account with Cannon Bridge Properties Limited. At the balance sheet date the balance included in other creditors was £1,150,000 (2023: £1,000,000).

Cannon Bridge Group LimitedCommon control of membersDuring the year the partnership maintained a loan account with Cannon Bridge Group Limited. At the balance sheet date the balance included in other creditors was £470,605 (2023: £439,000).

Cannon Bridge Group Limited

Common control of members

During the year the partnership maintained a loan account with Cannon Bridge Group Limited. At the balance sheet date the balance included in other creditors was £470,605 (2023: £439,000).

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