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REGISTERED NUMBER: OC423325 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Brogan Family Partnership LLP

Brogan Family Partnership LLP (Registered number: OC423325)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brogan Family Partnership LLP

General Information
for the Year Ended 31st March 2024







DESIGNATED MEMBERS: M N Brogan
C S Brogan
Chris Brogan Family Holdings Limited
Mark Brogan Family Holdings Limited
SQ Property Trading Limited





REGISTERED OFFICE: c/o OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
TS23 4EA





REGISTERED NUMBER: OC423325 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Brogan Family Partnership LLP (Registered number: OC423325)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 19,277,261 20,503,048

CURRENT ASSETS
Debtors 5 21,591 1,523,183
Cash at bank and in hand 213,001 452,511
234,592 1,975,694
CREDITORS
Amounts falling due within one year 6 (5,963 ) (5,839 )
NET CURRENT ASSETS 228,629 1,969,855
TOTAL ASSETS LESS CURRENT LIABILITIES 19,505,890 22,472,903

CREDITORS
Amounts falling due after more than one
year

7

(5,392,426

)

(7,915,436

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 14,113,464 14,557,467

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

-

14,557,467

MEMBERS' OTHER INTERESTS
Capital accounts 14,113,464 -
14,113,464 14,557,467

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 - 14,557,467
Members' other interests 14,113,464 -
14,113,464 14,557,467

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 31st 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.

Brogan Family Partnership LLP (Registered number: OC423325)

Balance Sheet - continued
31st 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 27th March 2025 and were signed by:





C S Brogan - Designated member

Brogan Family Partnership LLP (Registered number: OC423325)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Brogan Family Partnership 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.

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.
Land and buildings - in accordance with the property
Plant and machinery etc - 15% on reducing balance

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.

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 2 (2023 - 2 ) .

Brogan Family Partnership LLP (Registered number: OC423325)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st April 2023 20,502,587 1,039 20,503,626
Disposals (2,359,788 ) - (2,359,788 )
Revaluations 1,134,070 - 1,134,070
At 31st March 2024 19,276,869 1,039 19,277,908
DEPRECIATION
At 1st April 2023 - 578 578
Charge for year - 69 69
At 31st March 2024 - 647 647
NET BOOK VALUE
At 31st March 2024 19,276,869 392 19,277,261
At 31st March 2023 20,502,587 461 20,503,048

Cost or valuation at 31st March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2021 2,824,100 - 2,824,100
Valuation in 2022 1,484,432 - 1,484,432
Valuation in 2023 1,687,461 - 1,687,461
Valuation in 2024 1,134,070 - 1,134,070
Cost 12,146,806 1,039 12,147,845
19,276,869 1,039 19,277,908

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 21,591 1,523,183

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 216 92
Other creditors 5,747 5,747
5,963 5,839

Brogan Family Partnership LLP (Registered number: OC423325)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 5,392,426 7,915,436

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 5,392,426 7,915,436

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.