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REGISTERED NUMBER: OC360306 (England and Wales)






















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Bethnal Green LLP

Bethnal Green LLP (Registered number: OC360306)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bethnal Green LLP

General Information
for the year ended 30 June 2024







DESIGNATED MEMBERS: Mrs J Carroll
S Carroll





REGISTERED OFFICE: 48 Southfield
Hessle
East Yorkshire
HU13 0EU





REGISTERED NUMBER: OC360306 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Bethnal Green LLP (Registered number: OC360306)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 330,000 325,000
330,000 325,000

CURRENT ASSETS
Debtors 6 46,886 53,403
Cash at bank 13,108 4,974
59,994 58,377
CREDITORS
Amounts falling due within one year 7 77,516 77,205
NET CURRENT LIABILITIES (17,522 ) (18,828 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,478

306,172

CREDITORS
Amounts falling due after more than one
year

8

236,207

236,200
NET ASSETS ATTRIBUTABLE TO
MEMBERS

76,271

69,972

Bethnal Green LLP (Registered number: OC360306)

Balance Sheet - continued
30 June 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

60,155

58,856

MEMBERS' OTHER INTERESTS
Capital accounts 5,901 5,901
Other reserves 10,215 5,215
76,271 69,972

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 60,155 58,856
Members' other interests 16,116 11,116
Amounts due from members 6 (43,205 ) (53,403 )
33,066 16,569

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 30 June 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.

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 23 June 2025 and were signed by:





Mrs J Carroll - Designated member

Bethnal Green LLP (Registered number: OC360306)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Bethnal Green 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 significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

The financial statements have been prepared on a going concern on the basis that it is the current intention of the members to provide continuing financial support. The current health crisis in the country gives rise to many uncertainties and the members will continue to monitor the situation in a fast changing environment.

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
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc- 50% on cost

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Debtors & creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEE INFORMATION

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

Bethnal Green LLP (Registered number: OC360306)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 620
DEPRECIATION
At 1 July 2023
and 30 June 2024 620
NET BOOK VALUE
At 30 June 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 325,000
Revaluations 5,000
At 30 June 2024 330,000
NET BOOK VALUE
At 30 June 2024 330,000
At 30 June 2023 325,000

The historic cost of the investment properties is £345,573.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 46,886 53,403

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 77,516 77,205

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 236,207 236,200

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs 236,207 236,200

Bethnal Green LLP (Registered number: OC360306)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 236,207 236,200

Bank loans are secured over the properties to which they relate.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank equally in relation to other creditors who are unsecured.

There are no such restrictions or limitations existing on the ability of the members to reduce the amount of 'Members' other interests.