Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC441823 2023-04-01 2024-03-31 OC441823 2022-04-05 2023-03-31 OC441823 2024-03-31 OC441823 2023-03-31 OC441823 c:Director3 2023-04-01 2024-03-31 OC441823 d:CurrentFinancialInstruments 2024-03-31 OC441823 d:CurrentFinancialInstruments 2023-03-31 OC441823 d:Non-currentFinancialInstruments 2024-03-31 OC441823 d:Non-currentFinancialInstruments 2023-03-31 OC441823 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 OC441823 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 OC441823 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 OC441823 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 OC441823 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 OC441823 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 OC441823 c:FRS102 2023-04-01 2024-03-31 OC441823 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC441823 c:FullAccounts 2023-04-01 2024-03-31 OC441823 c:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC441823 2 2023-04-01 2024-03-31 OC441823 c:PartnerLLP2 2023-04-01 2024-03-31 OC441823 d:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC441823 d:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC441823 d:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC441823 d:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC441823 d:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC441823 d:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC441823 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC441823










BRIP 5 (WOOD BURCOTE) LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BRIP 5 (WOOD BURCOTE) LLP
REGISTERED NUMBER: OC441823

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
4,404,319
3,427,820

Debtors: amounts falling due within one year
 3 
207,841
146,313

Cash at bank and in hand
 4 
87,330
114,751

  
4,699,490
3,688,884

Creditors: Amounts Falling Due Within One Year
 5 
(246,650)
(128,183)

Net current assets
  
 
 
4,452,840
 
 
3,560,701

Total assets less current liabilities
  
4,452,840
3,560,701

Creditors: amounts falling due after more than one year
  
(3,937,596)
(2,585,701)

  
515,244
975,000

  

Net assets
  
515,244
975,000


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
974,900
974,900

  
974,900
974,900

Members' other interests
  

Members' capital classified as equity
  
100
100

Other reserves classified as equity
  
(459,756)
-

  
 
(459,656)
 
100

  
515,244
975,000


Total members' interests
  

Loans and other debts due to members
  
974,900
974,900

Members' other interests
  
(459,656)
100

  
515,244
975,000


Page 1

 
BRIP 5 (WOOD BURCOTE) LLP
REGISTERED NUMBER: OC441823
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 statement of comprehensive income 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: 






D Vercoe
For and on behalf of:





TALBOT HOMES LIMITED
Designated member
Date: 5 June 2025

The notes on pages 4 to 7 form part of these financial statements.

BRIP 5 (Wood Burcote) LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 2

 
BRIP 5 (WOOD BURCOTE) LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024






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

£
£
£
£
£

At incorporation
-
-
-
-
-

Amounts introduced by members
100
-
100
974,960
975,060

Drawings on account and distribution of profit
-
-
-
(60)
(60)

Amounts due to members
974,900

Balance at 31 March 2023
100
-
100
-
100

Loss for the year available for discretionary division among members
 
-
(459,756)
(459,756)
-
(459,756)

Members' interests after profit for the year
100
(459,756)
(459,656)
-
(459,656)

Amounts introduced by members
-
-
-
974,900
974,900

Amounts due to members
974,900

Balance at 31 March 2024 
100
(459,756)
(459,656)
974,900
515,244



Page 3

 
BRIP 5 (WOOD BURCOTE) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

BRIP 5 (Wood Burcote) LLP (CC441620) is a Limited liability partnership  and registered in England and Wales.The registered office is Grafton House, Pury Hill Business Park, Towcester, Northamptonshire, NN12 7LS.  

2.Accounting policies

 
2.1

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:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Work in progress

Work in progress includes all costs incurred to date which are directly related to the construction of the development.

Page 4

 
BRIP 5 (WOOD BURCOTE) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.


3.


Debtors

2024
2023
£
£


Trade debtors
43,356
-

Amounts owed by members
57,570
52,513

Amounts owed by joint ventures and associated undertakings
15,449
-

Other debtors
91,466
93,800

207,841
146,313



4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
87,330
114,751


Page 5

 
BRIP 5 (WOOD BURCOTE) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
223,822
118,048

Amounts owed to other participating interests
1,879
1,505

Other creditors
16,949
6,630

Accruals and deferred income
4,000
2,000

246,650
128,183



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
3,937,596
2,585,701

3,937,596
2,585,701



7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
3,937,596
2,585,701


3,937,596
2,585,701



3,937,596
2,585,701


Page 6

 
BRIP 5 (WOOD BURCOTE) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
974,900
974,900

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due after more than one year
974,900
974,900

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.


9.


Controlling party

In the opinion of the members, there is no controlling party as defined by FRS 102 1A.

 
Page 7