REGISTERED NUMBER: OC320999 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BRADFORD STREET PROPERTIES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

G P Howells

Mrs J F Higgins

REGISTERED OFFICE:

321, Bradford Street

Digbeth

Birmingham

West Midlands

B5 6ET

REGISTERED NUMBER:

OC320999 (England and Wales)

ACCOUNTANTS:

Sephton & Company LLP

Chartered Certified Accountants

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Tangible assets

4

1,990,248

2,020,467

CURRENT ASSETS

Debtors

5

935,323

808,530

Cash at bank

195,449

81,879

1,130,772

890,409

CREDITORS

Amounts falling due within one year

6

343,711

371,216

NET CURRENT ASSETS

787,061

519,193

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,777,309

2,539,660

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

2,777,309

2,539,660

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

2,777,309

2,539,660

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 9 December 2025 and were signed by:

G P Howells - Designated member

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the partnerships accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

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

Rental and service charge income is invoiced on a quarterly basis with deferred income recognised in respect of any advance, which is then released during the period to which it relates, in accordance with the terms of the lease.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

1% on cost

Office equipment

-

20% on cost

Fixtures and fittings

-

10% on reducing balance

Financial instruments

The Partnership only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, cash and bank balances, and loans to or from related parties. All such instruments are measured initially and subsequently at the transaction price.

At the end of each reporting period debt financial assets are assessed for impairment, and their carrying value reduced if necessary. Any impairment is recognised in the profit and loss account.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Office

and

property

equipment

fittings

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

2,143,416

3,292

251,518

2,398,226

DEPRECIATION

At 1 April 2024

205,665

1,866

170,228

377,759

Charge for year

21,432

658

8,129

30,219

At 31 March 2025

227,097

2,524

178,357

407,978

NET BOOK VALUE

At 31 March 2025

1,916,319

768

73,161

1,990,248

At 31 March 2024

1,937,751

1,426

81,290

2,020,467

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

360,072

362,667

Other debtors

575,251

445,863

935,323

808,530

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

105,192

93,517

Taxation and social security

61,736

77,629

Other creditors

176,783

200,070

343,711

371,216

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31/3/25

31/3/24

£

£

Loans from members

615,094

615,094

Amounts owed to members in respect of profits

2,162,215

1,924,566

2,777,309

2,539,660

Falling due within one year

2,777,309

2,539,660

Loans and other debts due to members rank equal to other creditors.