REGISTERED NUMBER: OC329954 (England and Wales)

BRODNODS LLP

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

J M Broderick

P A Broderick

B Broderick

REGISTERED OFFICE:

Unit 1 Alpha Point

Bradnor Road

Sharston Industrial area

Manchester

M22 4TE

REGISTERED NUMBER:

OC329954 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of rental of property

DESIGNATED MEMBERS

The designated members during the year under review were:

J M Broderick

P A Broderick

B Broderick

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £61,657 (2024 - £45,651 profit).

MEMBERS' INTERESTS

The LLP maintains capital appropriate to the business requirements.

ON BEHALF OF THE MEMBERS:

J M Broderick - Designated member

17 December 2025

TURNOVER

72,000

54,000

Administrative expenses

10,343

8,349

OPERATING PROFIT and

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

61,657

45,651

FIXED ASSETS

Tangible assets

6

568,359

572,698

CURRENT ASSETS

Debtors

7

12,000

12,000

Cash at bank

175,798

109,802

187,798

121,802

CREDITORS

Amounts falling due within one year

8

301,000

301,000

NET CURRENT LIABILITIES

(113,202

)

(179,198

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

455,157

393,500

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

455,157

393,500

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

455,157

393,500

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 17 December 2025 and were signed by:

P A Broderick - Designated member

J M Broderick - Designated member

1.	STATUTORY INFORMATION

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

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.

The financial statements are presented in sterling (£)

Going concern

The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The members have reached this conclusion giving due consideration to the projected future performance of the LLP and any potential risk that might impact the LLP's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimations and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results.

The estimates and assumptions that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next year are addressed below:

Useful economic lives of tangible assets

The annual depreciation charge for tangible asset is sensitive to changes in the estimated useful lives. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technical advancement. See amortisation policy for useful economic lives of each class of assets.

Turnover

Turnover represents the net rental income receivable. Turnover is matched to the period to which the rental relates with amounts invoiced in advance or arrears appropriately deferred or accrued.

Tangible fixed assets

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

Land and buildings

-

Straight line basis over lease term

Plant and machinery etc

-

15% on reducing balance

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2024 - 3 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.8.23

Year ended

to

31.3.25

31.3.24

£

£

Depreciation - owned assets

4,339

4,347

5.	INFORMATION IN RELATION TO MEMBERS

Period

1.8.23

Year ended

to

31.3.25

31.3.24

The average number of members during the year was

3

3

6.	TANGIBLE FIXED ASSETS

Long

leasehold

land and

Plant and

buildings

machinery

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

645,635

3,727

649,362

DEPRECIATION

At 1 April 2024

73,172

3,492

76,664

Charge for year

4,304

35

4,339

At 31 March 2025

77,476

3,527

81,003

NET BOOK VALUE

At 31 March 2025

568,159

200

568,359

At 31 March 2024

572,463

235

572,698

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

12,000

12,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to related parties

301,000

301,000

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

10.	RELATED PARTY DISCLOSURES

During the period, rental income of £72,000 (2024: £54,000) was received from a company under common control. At 31 March 2025 the LLP owed the company £301,000 (2024: £301,000).