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Registered No. OC347401 (England and Wales)
Brightbeech Investments LLP Unaudited accounts for the year ended 31 March 2025
Brightbeech Investments LLP LLP Information for the year ended 31 March 2025
Designated members
Mr Patrick Lincoln
Mr Timothy Robert Lincoln
Registered Number
OC347401 (England and Wales)
Registered Office
14a Market Place Romsey Hampshire SO51 0PL
Accountants
Karen A Sennitt FCA CTA The Newport Newport Lane, Braishfield Romsey Hampshire SO51 0PL
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Brightbeech Investments LLP Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
3
114,389
262,970
Investment property
4
932,817
932,817
1,047,206
1,195,787
Current assets
Debtors
20,010
15,570
Cash at bank and in hand
70,933
33,455
90,943
49,025
Creditors: amounts falling due within one year
5
(56,524)
(51,876)
Net current assets/(liabilities)
34,419
(2,851)
Net assets attributable to members
1,081,625
1,192,936
Represented by:
Loans and other debts due to members
6
775,288
886,599
Members' other interests
Members' capital classified as equity
100
100
Revaluation reserve
306,237
306,237
306,337
306,337
1,081,625
1,192,936
Total members' interests
Loans and other debts due to members
775,288
886,599
Members' other interests
306,337
306,337
1,081,625
1,192,936
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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 30 October 2025.
Mr Timothy Robert Lincoln Designated member Limited Liability Partnership Registration No. OC347401
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Brightbeech Investments LLP Notes to the Accounts for the year ended 31 March 2025
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.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Members' remuneration
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense. Members are expected to subscribe a minimum amount of capital and may be invited to contribute more. On retirement, all capital is repaid to the member concerned. Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
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Brightbeech Investments LLP Notes to the Accounts for the year ended 31 March 2025
Leased assets
Where the LLP enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a 'finance lease'. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments. All other leases are accounted for as 'operating leases' and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease. Rents receivable on the freehold investment property under the terms of the operating lease are included in the profit and loss account on a receivable basis.
2
Statutory information
Brightbeech Investments LLP is a limited liability partnership, incorporated in England and Wales, registration number OC347401. Its registered office is 14a Market Place, Romsey, Hampshire, SO51 0PL.
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
9,016
379,053
22,432
16,035
426,536
Additions
-
442,339
-
-
442,339
Disposals
-
(596,272)
-
-
(596,272)
At 31 March 2025
9,016
225,120
22,432
16,035
272,603
Depreciation
At 1 April 2024
8,556
123,607
17,869
13,534
163,566
Charge for the year
115
53,875
1,141
625
55,756
On disposals
-
(61,108)
-
-
(61,108)
At 31 March 2025
8,671
116,374
19,010
14,159
158,214
Net book value
At 31 March 2025
345
108,746
3,422
1,876
114,389
At 31 March 2024
460
255,446
4,563
2,501
262,970
2025
2024
£
£
Carrying amount of land and buildings on cost basis
719,783
719,783
4
Investment property
2025
£
Fair value at 1 April 2024
932,817
At 31 March 2025
932,817
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Brightbeech Investments LLP Notes to the Accounts for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
407
-
Trade creditors
2,404
856
Taxes and social security costs
5,998
4,805
Other creditors
26,301
26,302
Accruals
2,000
4,975
Deferred income
19,414
14,938
56,524
51,876
6
Loans and other debts due to members
2025
2024
£
£
Amounts due to members in respect of profits
775,288
886,599
Amounts falling due within one year
775,288
886,599
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Controlling party
The controlling party is T R Lincoln. The ultimate controlling party is T R Lincoln. As at 31 March 2025 Mr T R Lincoln controlled the partnership by virtue of his majority ownership.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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