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REGISTERED NUMBER: OC397279 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Brightwell Equity Partners LLP

Brightwell Equity Partners LLP (Registered number: OC397279)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brightwell Equity Partners LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: P Bassett
Mrs C Kemsley-Pein





REGISTERED OFFICE: 35 Devonshire Place Mews
London
W1G 6DD





REGISTERED NUMBER: OC397279 (England and Wales)

Brightwell Equity Partners LLP (Registered number: OC397279)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,624 3,361

CURRENT ASSETS
Debtors 5 232,236 542,882
Cash at bank 37,191 68,766
269,427 611,648
CREDITORS
Amounts falling due within one year 6 56,042 43,438
NET CURRENT ASSETS 213,385 568,210
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

215,009

571,571

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

215,009

571,571

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 215,009 571,571
Amounts due from members 5 (191,236 ) (539,282 )
23,773 32,289

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 5 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.

Brightwell Equity Partners LLP (Registered number: OC397279)

Balance Sheet - continued
5 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 10 March 2025 and were signed by:





P Bassett - Designated member

Brightwell Equity Partners LLP (Registered number: OC397279)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Brightwell Equity 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Financial instruments
The LLP has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's balance sheet when the LLP becomes party to the contractual provisions of the instrument.

Cash and cash equivalents
These comprise cash at bank and any short term highly liquid bank deposits with an original maturity of three month or less.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is evidence that the asset is impaired.

Trade creditors
Trade creditors are not interest bearing and are stated at their nominal value.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2023 - 6 ) .

Brightwell Equity Partners LLP (Registered number: OC397279)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023 18,106
Additions 1,208
At 5 April 2024 19,314
DEPRECIATION
At 6 April 2023 14,745
Charge for year 2,945
At 5 April 2024 17,690
NET BOOK VALUE
At 5 April 2024 1,624
At 5 April 2023 3,361

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 41,000 3,600
Amounts due from members 191,236 539,282
232,236 542,882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade creditors 17,665 10,388
Other creditors 38,377 33,050
56,042 43,438

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Debts due to members rank equally with other creditors in the event of a winding up.