REGISTERED NUMBER: OC353653 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Bridge Street Wharf LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P N Metcalfe

Mrs J Caine

Mrs J M Jones

Mrs K J Peters

Mrs J L Richardson

Mrs J C Fennell

R J Melling

D R Evans

REGISTERED OFFICE:

51 - 55 Tithebarn Street

Liverpool

Merseyside

L2 2SB

REGISTERED NUMBER:

OC353653 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Investment property

4

275,000

275,000

CURRENT ASSETS

Debtors

5

7,500

7,500

Cash at bank

71,875

19,139

79,375

26,639

CREDITORS

Amounts falling due within one year

6

7,735

7,262

NET CURRENT ASSETS

71,640

19,377

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

346,640

294,377

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

317,612

265,349

MEMBERS' OTHER INTERESTS

Revaluation reserve

8

29,028

29,028

346,640

294,377

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

317,612

265,349

Members' other interests

29,028

29,028

346,640

294,377

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 March 2025.

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 24 June 2025 and were signed by:

R J Melling - Designated member

1.	STATUTORY INFORMATION

Bridge Street Wharf LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 members have prepared the accounts on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents rents received on the investment property.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Lessor operating leases

The net book value of assets held for use in operating leases is £275,000 (2024: £275,000).

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

275,000

NET BOOK VALUE

At 31 March 2025

275,000

At 31 March 2024

275,000

Investment property is valued at open market value. The valuation has been made by the members of the LLP and is based on similar properties and current selling prices in the area

Fair value at 31 March 2025 is represented by:

£

Valuation in 2016

29,028

Cost

245,972

275,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

7,500

7,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

7,735

7,262

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

317,612

265,349

Falling due within one year

317,612

265,349

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

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

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

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

29,028