Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312025-05-01false2024-04-01No description of principal activityfalse22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC330637 2024-04-01 2025-03-31 OC330637 2023-04-01 2024-03-31 OC330637 2025-03-31 OC330637 2024-03-31 OC330637 c:LeaseholdInvestmentProperty 2024-04-01 2025-03-31 OC330637 c:LeaseholdInvestmentProperty 2025-03-31 OC330637 c:LeaseholdInvestmentProperty 2024-03-31 OC330637 c:CurrentFinancialInstruments 2025-03-31 OC330637 c:CurrentFinancialInstruments 2024-03-31 OC330637 c:CurrentFinancialInstruments 2 2025-03-31 OC330637 c:CurrentFinancialInstruments 2 2024-03-31 OC330637 c:Non-currentFinancialInstruments 2025-03-31 OC330637 c:Non-currentFinancialInstruments 2024-03-31 OC330637 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC330637 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC330637 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 OC330637 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC330637 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2025-03-31 OC330637 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-03-31 OC330637 e:FRS102 2024-04-01 2025-03-31 OC330637 e:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC330637 e:FullAccounts 2024-04-01 2025-03-31 OC330637 e:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC330637 e:PartnerLLP1 2024-04-01 2025-03-31 OC330637 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC330637 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC330637 c:FurtherSpecificReserve2ComponentTotalEquity 2025-03-31 OC330637 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC330637 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC330637 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC330637 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC330637









BDL PROPERTY LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
BDL PROPERTY LLP
REGISTERED NUMBER: OC330637

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
3,442,081
2,500,000

  
3,442,081
2,500,000

Current assets
  

Debtors: amounts falling due within one year
 5 
506,391
542,205

Cash at bank and in hand
  
71,576
35,523

  
577,967
577,728

Creditors: Amounts Falling Due Within One Year
 6 
(218,273)
(69,200)

Net current assets
  
 
 
359,694
 
 
508,528

Total assets less current liabilities
  
3,801,775
3,008,528

Creditors: amounts falling due after more than one year
 7 
(2,045,804)
(1,280,123)

  
1,755,971
1,728,405

  

Net assets
  
1,755,971
1,728,405

Page 1

 
BDL PROPERTY LLP
REGISTERED NUMBER: OC330637
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
-
-

  
-
-

Members' other interests
  

Members' capital classified as equity
  
2,500
2,500

Other reserves classified as equity
  
1,753,471
1,725,905

  
 
1,755,971
 
1,728,405

  
1,755,971
1,728,405


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(506,391)
(542,204)

Members' other interests
  
1,755,971
1,728,405

  
1,249,580
1,186,201


Page 2

 
BDL PROPERTY LLP
REGISTERED NUMBER: OC330637
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




J Kenedy
Designated member


Date: 1 May 2025

The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
BDL PROPERTY LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2025






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total

£
£
£
£
£

Amounts due from members 

(581,373)


Balance at 1 April 2023 
2,500
1,664,218
1,666,718
(581,373)
1,085,345

Profit for the year available for discretionary division among members
 
-
242,406
242,406
-
242,406

Members' interests after profit for the year
2,500
1,906,624
1,909,124
(581,373)
1,327,751

Drawings
-
(180,720)
(180,720)
-
(180,720)

Drawings
-
-
-
(38,803)
(38,803)

Repayment of debt
-
-
-
77,972
77,972

Amounts due from members
 



(542,204)


Balance at 31 March 2024
2,500
1,725,905
1,728,405
(542,204)
1,186,201

Profit for the year available for discretionary division among members
 
-
227,220
227,220
-
227,220

Members' interests after profit for the year
2,500
1,953,125
1,955,625
(542,204)
1,413,421

Drawings
-
(199,654)
(199,654)
-
(199,654)

Drawings
-
-
-
(37,284)
(37,284)

Repayment of debt
-
-
-
73,097
73,097

Amounts due from members
 



(506,391)


Balance at 31 March 2025 
2,500
1,753,471
1,755,971
(506,391)
1,249,580

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 4

 
BDL PROPERTY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Turnover

Turnover represents rent receivable, which is recognised on an accruals basis.

 
1.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.4

Taxation

No provision is made for taxation as the liability is met personally by the members.

 
1.5

Investment property

Investment property is carried at fair value determined annually either by the members or externally as required and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss account.


2.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements in conformity with generally accepted accounting principles requires the members to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. In this regard, the members believe that the critical accounting policies where judgments or estimations are necessarily applied are summarised below:
Impairment
The members have considered the valuation of investments. Changes in the circumstances or expectations of future performance of an individual asset may be an indicator that the asset is impaired requiring the book value to be written down to its recoverable amount. Impairments are reversed if conditions for impairment are no longer present. Due to their nature, evaluating whether an asset is impaired or not requires a significant degree of judgement and may to a large extent depend on the assumptions made in its evaluation. The members have concluded that the valuation of assets as at the year end are appropriate.

Page 5

 
BDL PROPERTY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Employees

The average monthly number of persons (including members with contracts of employment) employed during the year was as follows:


        2025
        2024
            No.
            No.







Designated members
2
2


4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2024
2,500,000


Additions at cost
942,081



At 31 March 2025
3,442,081

The 2025 valuations were made by the members, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2025
2024
£
£


Historic cost
2,321,730
1,379,649

2,321,730
1,379,649

Page 6

 
BDL PROPERTY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Debtors

2025
2024
£
£


Amounts due from members
506,391
542,204

506,391
542,204



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
123,773
65,000

Other creditors
90,000
-

Accruals and deferred income
4,500
4,200

218,273
69,200



7.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
2,045,804
1,280,123

2,045,804
1,280,123


The following liabilities were secured:

2025
2024
£
£



Bank loans
2,169,577
1,345,123

2,169,577
1,345,123

Details of security provided:

The bank loans are secured by a debenture over the assets of the company and a legal charge over the
investment property.
BDL Restaurant Limited, a related company, has guaranteed the loans for £2,222,000 
(2024: £1,600,000).

Page 7

 
BDL PROPERTY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
123,773
65,000


123,773
65,000


Amounts falling due in more than one year

Bank loans
2,045,804
1,280,123


2,045,804
1,280,123


2,169,577
1,345,123



9.


Related party transactions

During the year rent of £359,750 (2024: £300,000) was received by the limited liability partnership from BDL Restaurant Limited, a company in which all the members are also shareholders.
The transaction was made on a normal trading basis and on an arms length basis.
At the balance sheet date, the LLP owed £90,000 
(2024: £Nil) to BDL Restaurant Limited.

 
Page 8