REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2024 |
for |
Deepbridge Renewable Ventures LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
Land and buildings | - |
Plant and machinery etc | - |
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 |
DEPRECIATION |
At 1 January 2024 |
Charge for year |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts due from members | 3,988 | 33,115 |
Other debtors |
VAT |
Prepayments and accrued income |
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 |
VAT | 7,951 | - |
Other creditors |
Accruals and deferred income |
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. |