Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2024-04-01 false 0 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0 false No description of principal activity true false OC444008 2024-04-01 2025-03-31 OC444008 2023-04-01 2024-03-31 OC444008 2025-03-31 OC444008 2024-03-31 OC444008 c:CurrentFinancialInstruments 2025-03-31 OC444008 c:CurrentFinancialInstruments 2024-03-31 OC444008 c:CurrentFinancialInstruments 2 2025-03-31 OC444008 c:CurrentFinancialInstruments 2 2024-03-31 OC444008 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC444008 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC444008 e:FRS102 2024-04-01 2025-03-31 OC444008 e:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC444008 e:FullAccounts 2024-04-01 2025-03-31 OC444008 e:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC444008 2 2024-04-01 2025-03-31 OC444008 e:PartnerLLP1 2024-04-01 2025-03-31 OC444008 e:PartnerLLP2 2024-04-01 2025-03-31 OC444008 e:PartnerLLP3 2024-04-01 2025-03-31 OC444008 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC444008 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC444008 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company registration number: OC444008
| UNAUDITED FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 MARCH 2025
| BRIP 7 (WORCESTER PARK) LLP
BRIP 7 (WORCESTER PARK) LLP |  |
INFORMATION
Designated Members
MAC Group Limited
BRIP 7 (Worcester Park BC) LLP
LLP registered number OC444008
Registered office Grafton House, Pury Hill Business Park, Towcester, Northamptonshire, NN12 7LS
Accountants Menzies LLP, Ashcombe House, 5 The Crescent, Leatherhead, Surrey, KT22 8DY
BRIP 7 (WORCESTER PARK) LLP |  |
CONTENTS
| Page
Statement of financial position | 1 - 2
Notes to the financial statements | 3 - 5
BRIP 7 (WORCESTER PARK) LLP REGISTERED NUMBER:OC444008 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Stocks | 4 | - |  | 6,223,442 |
Debtors: amounts falling due within one year | 5 | 42,200 |  | 403,514 |
|  | 42,200 |  | 6,626,956 |
Creditors: amounts falling due within one year | 6 | (42,200) |  | (6,626,856) |
Net current assets |  |  | - |  | 100
Total assets less current liabilities |  |  | - |  | 100
Net assets attributable to members |  |  | - |  | 100
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Members' capital classified as a liability | 7 |  | - |  | 100
|  |  | - |  | 100
|  |  | - |  | 100
Total members' interests |  |  |  |  |
Amounts due from members (included in debtors) | 5 |  | (42,200) |  | (13,024)
Loans and other debts due to members | 7 |  | - |  | 100
|  |  | (42,200) |  | (12,924)
Page 1
BRIP 7 (WORCESTER PARK) LLP REGISTERED NUMBER:OC444008 |  |
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements. The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the income statement in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
M McElduff
For and on behalf of MAC Group Limited Designated member
Date: 14 November 2025
The notes on pages 3 to 5 form part of these financial statements. Page 2
BRIP 7 (WORCESTER PARK) LLP |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
BRIP 7 (Worcester Park) LLP is a limited liability partnership incorporated in England and Wales. The address of the registered office is Grafton House, Pury Hill Business Park, Towcester, Northamptonshire, NN12 7LS. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.3 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.4 | Division and distribution of profits
A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period. An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making. The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in . In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.
| 2.5 | Stocks
Work in progress is valued on the basis of direct costs incurred. A provision is made for any forseeable losses where appropriate. No element of profit is included in the valuation of the work in progress.
| 2.6 | Financial instruments
The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. Page 3
BRIP 7 (WORCESTER PARK) LLP |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits). Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP. Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities. Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Statement of financial position. Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Statement of comprehensive income and are equity appropriations in the Statement of financial position. Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment. All amounts due to members that are classified as liabilities are presented in the Statement of financial position within 'Loans and other debts due to members' and are charged to the Statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Statement of financial position within 'Members' other interests'.
3. | Employees
The entity has no employees.
4. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Work in progress | - | 6,223,442
|  | - | 6,223,442
Page 4
BRIP 7 (WORCESTER PARK) LLP |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by related parties | - | 390,490
| Amounts due from members | 42,200 | 13,024
|  | 42,200 | 403,514
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | - | 5,441,826
| Amounts owed to other participating interests | - | 1,178,616
| Accruals and deferred income | 42,200 | 6,414
|  | 42,200 | 6,626,856
| Paragon Development Finance Limited hold fixed and floating charges in relation to BRIP 7 (Worcester Park) LLP, which are secured against the assets and undertakings of the LLP. BRIP 7 (Worcester Park BC) LLP hold fixed and floating charges in relation to BRIP 7 (Worcester Park) LLP, which are secured against the assets and undertakings of the LLP.
7. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Members' capital treated as debt | - | 100
|  | - | 100
| Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
Page 5