IRIS Accounts Production v25.1.0.734 OC425530 designated member designated member 1.1.24 31.12.24 31.12.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4255302023-12-31OC4255302024-12-31OC4255302024-01-012024-12-31OC4255302022-12-31OC4255302023-01-012023-12-31OC4255302023-12-31OC425530ns15:EnglandWales2024-01-012024-12-31OC425530ns14:PoundSterling2024-01-012024-12-31OC425530ns10:PartnerLLP12024-01-012024-12-31OC425530ns10:PartnerLLP22024-01-012024-12-31OC425530ns10:LimitedLiabilityPartnershipLLP2024-01-012024-12-31OC425530ns10:SmallEntities2024-01-012024-12-31OC425530ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-31OC425530ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31OC425530ns10:LimitedLiabilityPartnershipsSORP2024-01-012024-12-31OC425530ns10:FullAccounts2024-01-012024-12-31OC425530ns10:RegisteredOffice2024-01-012024-12-31OC425530ns5:CurrentFinancialInstruments2024-12-31OC425530ns5:CurrentFinancialInstruments2023-12-31OC425530ns5:LandBuildings2024-01-012024-12-31OC425530ns5:PlantMachinery2024-01-012024-12-31OC425530ns5:LandBuildings2023-12-31OC425530ns5:PlantMachinery2023-12-31OC425530ns5:LandBuildings2024-12-31OC425530ns5:PlantMachinery2024-12-31OC425530ns5:LandBuildings2023-12-31OC425530ns5:PlantMachinery2023-12-31OC425530ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31OC425530ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31OC42553012024-01-012024-12-31
REGISTERED NUMBER: OC425530 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Deepbridge Renewable Ventures LLP

Deepbridge Renewable Ventures LLP (Registered number: OC425530)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Deepbridge Renewable Ventures LLP

General Information
for the year ended 31 December 2024







DESIGNATED MEMBERS: Deepbridge Designated Member 1 Limited
Deepbridge Designated Member 2 Limited





REGISTERED OFFICE: Deepbridge House
Honeycomb East
Chester Business Park
Chester
CH4 9QN





REGISTERED NUMBER: OC425530 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY

Deepbridge Renewable Ventures LLP (Registered number: OC425530)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 1,030,590 1,094,688

CURRENT ASSETS
Debtors 5 1,721,110 1,839,324
Cash at bank 126,953 125,302
1,848,063 1,964,626
CREDITORS
Amounts falling due within one year 6 (29,196 ) (145,343 )
NET CURRENT ASSETS 1,818,867 1,819,283
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,849,457 2,913,971

LOANS AND OTHER DEBTS DUE TO
MEMBERS

58,927

23,441

MEMBERS' OTHER INTERESTS
Capital accounts 2,790,530 2,890,530
2,849,457 2,913,971

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 58,927 23,441
Members' other interests 2,790,530 2,890,530
Amounts due from members 5 (3,988 ) (33,115 )
2,845,469 2,880,856

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 31 December 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.

Deepbridge Renewable Ventures LLP (Registered number: OC425530)

Balance Sheet - continued
31 December 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 13 April 2025 and were signed by:




Deepbridge Designated Member 1 Limited - Designated member




Deepbridge Designated Member 2 Limited - Designated member


Deepbridge Renewable Ventures LLP (Registered number: OC425530)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Deepbridge Renewable 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Land and buildings - Straight line over 15 years
Plant and machinery etc - 5% per annum straight line

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 January 2024
and 31 December 2024 89,119 1,192,838 1,281,957
DEPRECIATION
At 1 January 2024 15,851 171,418 187,269
Charge for year 4,456 59,642 64,098
At 31 December 2024 20,307 231,060 251,367
NET BOOK VALUE
At 31 December 2024 68,812 961,778 1,030,590
At 31 December 2023 73,268 1,021,420 1,094,688

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts due from members 3,988 33,115
Other debtors 1,660,000 1,661,800
VAT - 6,644
Prepayments and accrued income 57,122 137,765
1,721,110 1,839,324

Deepbridge Renewable Ventures LLP (Registered number: OC425530)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 1,369 85,646
VAT 7,951 -
Other creditors - 14,983
Accruals and deferred income 19,876 44,714
29,196 145,343

7. RELATED PARTY DISCLOSURES

During the year ended 31 December 2024 the partnership loaned £3,320,000 (P/E 31/12/2023 - £2,870,000) to an entity under common control. The loan balance due from the related party at the period end was £1,660,000 (P/E 31/12/2023 - £1,660,000) and is included in other debtors. Fee income relating to the loan totalled £99,831 for the period (P/E 31/12/2023 - £84,606).

8. ULTIMATE CONTROLLING PARTY

The LLP is controlled by its designated members, Deepbridge Designated Member 1 Limited and Deepbridge Designated Member 2 Limited.

9. RANKING ON WINDING UP

If the LLP is wound up, and a surplus sum remains at the conclusion of the winding up, after payment of all money due to the creditors of the LLP and all expenses of the winding up, the liquidator shall pay that surplus sum to the Members in accordance with the respective proportions to the Members' division of profits and losses.