Registered number
OC414891
BLB Partners LLP
Filleted Accounts
31 December 2024
BLB Partners LLP
Registered number: OC414891
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 1 125,000 125,000
125,000 125,000
Current assets
Cash at bank and in hand 1,619 2,054
1,619 2,054
Net current assets 1,619 2,054
Total assets less current liabilities 126,619 127,054
Creditors: amounts falling due after more than one year 3 (96,088) (93,815)
Provisions for liabilities (7,879) (8,015)
Net assets attributable to members 22,652 25,224
Represented by:
Loans and other debts due to members 4 - 2,572
Members' other interests
Members' capital classified as equity 22,652 22,652
Other reserves
22,652 25,224
Total members' interests
Amounts due from members included in debtors - -
Loans and other debts due to members 4 - 2,572
- 2,572
Members' other interests 22,652 22,652
22,652 25,224
For the year ended 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 29 September 2025 and signed on their behalf by:
Mr Christopher Gerald Brodie
Designated member
BLB Partners LLP
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Nil
Leasehold land and buildings over the lease term
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Employees
The average number of employees in the year was 0
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 125,000 - - 125,000
Additions - - - -
Revaluation - -
Disposals - - - -
At 31 December 2024 125,000 - - 125,000
Depreciation
At 1 January 2024 - - - -
Charge for the year - - - -
Revaluation - -
On disposals - - - -
At 31 December 2024 - - - -
Net book value
At 31 December 2024 125,000 - - 125,000
At 31 December 2023 125,000 - - 125,000
3 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 96,088 93,815
Trade creditors - -
Other creditors - -
96,088 93,815
4 Loans and other debts due to members 2024 2023
£ £
Members capital classified as debt - -
Loans from members - -
Amounts due to members in respect of profits - 2,686
- 2,686
Amounts falling due within one year - 2,686
Amounts falling due after more than one year - -
- 2,686
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
5 Controlling party
There is no ultimate controlling party.
6 Other information
BLB Partners LLP is a limited liability partnership incorporated in England. Its registered office is:
c/o MTM 3rd Floor
82 King Street
Manchester
Lancashire
M2 4WQ
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