REGISTERED NUMBER: OC382967 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Bluekeep Buildings LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

C Ritchie

C Hall

REGISTERED OFFICE:

4 Grove Avenue

Gosforth

Newcastle

Tyne and Wear

NE3 1ND

REGISTERED NUMBER:

OC382967 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Investment property

4

206,442

206,442

CURRENT ASSETS

Debtors

5

627

599

Cash at bank

12,291

24,215

12,918

24,814

CREDITORS

Amounts falling due within one year

6

30,749

56,253

NET CURRENT LIABILITIES

(17,831

)

(31,439

)

TOTAL ASSETS LESS CURRENT LIABILITIES

188,611

175,003

CREDITORS

Amounts falling due after more than one year

7

55,114

57,299

NET ASSETS ATTRIBUTABLE TO MEMBERS

133,497

117,704

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

133,497

117,704

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

133,497

117,704

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 21 July 2025 and were signed by:

C Ritchie - Designated member

C Hall - Designated member

1.	STATUTORY INFORMATION

Bluekeep Buildings 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 as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

206,442

NET BOOK VALUE

At 31 March 2025

206,442

At 31 March 2024

206,442

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

206,442

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

627

599

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

2,700

2,700

Trade creditors

26,491

51,131

Taxation and social security

797

1,660

Other creditors

761

762

30,749

56,253

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

55,114

57,299

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

44,314

46,499

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

57,814

59,999

The bank loan is secured by a first legal charge over the investment property.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with other creditors excluding the bank loan, which is a preferential creditor due to being secured over the investment property.