Brave Within LLP - Accounts

Brave Within LLP
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	18,500	0
Tangible fixed assets	4	4,010	1,228
		22,510	1,228
Current assets
Debtors		138,250	154,597
Cash at bank and in hand		15,731	114,067
		153,981	268,664
Creditors: amount falling due within one year		(161,560)	(112,089)
Net current assets		(7,579)	156,575

Total assets less current liabilities		14,931	157,803
Net assets		14,931	157,803

Represented by:
Members' other interest
Other reserves		14,931	157,803
		14,931	157,803
		14,931	157,803

Total members' interests
Members' other interests		14,931	157,803
		14,931	157,803

For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:

.............................................................................

Designated Member
Date approved by the members: 19 September 2025

Brave Within LLP
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Brave Within LLP is a limited liability partnership, registered in England and Wales, registration number OC443208, registration address Proxima, 1 Grenfell Road, Maidenhead, SL6 1HN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Intangible assets

Intangible assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer equipment 25%
Office equipment 33%

2.	Average number of employees Average number of employees during the year was 2 (2024 : 1).

Intangible fixed assets

Cost	Other	Total
	£	£
At 01 April 2024	-	-
Additions	18,500	18,500
Disposals	-	-
At 31 March 2025	18,500	18,500
Amortisation
At 01 April 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2025	-	-
Net book values
At 31 March 2025	18,500	18,500
At 31 March 2024	-	-

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 April 2024	-	1,716	1,716
Additions	622	3,109	3,731
Disposals	-	-	-
At 31 March 2025	622	4,825	5,447
Depreciation
At 01 April 2024	-	488	488
Charge for year	207	742	949
On disposals	-	-	-
At 31 March 2025	207	1,230	1,437
Net book values
Closing balance as at 31 March 2025	415	3,595	4,010
Opening balance as at 01 April 2024	-	1,228	1,228

5.	Related party disclosures Included within Other Debtors at the year end is an amount of £10,105 (2024: £14,500) owed from a company connected to one of the members.

6.	Amounts owed to members The amounts owed to members in respect of profits is £14,931 (2024: £157,803). In the event of a winding up, distribution of the assets available would be firstly to the creditors of the LLP and then secondly to the members in accordance with their respective entitlements.

Registered Number: OC443208
England and Wales
BRAVE WITHIN LLP

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025