Braithwaite Investment Partners LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC431031 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Braithwaite Investment Partners LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr J T Braithwaite

Mr D A J Braithwaite

REGISTERED OFFICE:

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

REGISTERED NUMBER:

OC431031 (England and Wales)

ACCOUNTANTS:

Field & Co LLP

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

FIXED ASSETS

Tangible assets

4

109,801

111,896

Investment property

5

250,000

359,801

361,896

CURRENT ASSETS

Debtors

79,704

27,024

Cash at bank

3,371

8,020

83,075

35,044

CREDITORS

Amounts falling due within one year

6

233,542

161,471

NET CURRENT LIABILITIES

(150,467

)

(126,427

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

209,334

235,469

CREDITORS

Amounts falling due after more than
one year

7

209,334

225,552

NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

9,917

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

9,917

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

-

9,917

Amounts due from members

(79,704

)

(27,024

)

(79,704

)

(17,107

)

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 31st 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 29th December 2025 and were signed by:

Mr D A J Braithwaite - Designated member

1.	STATUTORY INFORMATION

Braithwaite Investment Partners 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

Straight line over 3 years

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1st April 2024

182,326

Additions

88,020

At 31st March 2025

270,346

DEPRECIATION

At 1st April 2024

70,430

Charge for year

90,115

At 31st March 2025

160,545

NET BOOK VALUE

At 31st March 2025

109,801

At 31st March 2024

111,896

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st April 2024

153,362

Additions

88,020

At 31st March 2025

241,382

DEPRECIATION

At 1st April 2024

51,121

Charge for year

80,460

At 31st March 2025

131,581

NET BOOK VALUE

At 31st March 2025

109,801

At 31st March 2024

102,241

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

250,000

NET BOOK VALUE

At 31st March 2025

250,000

At 31st March 2024

250,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2023

19,935

Cost

230,065

250,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts (see note 8)

138,836

142,117

Hire purchase contracts

80,855

18,505

Trade creditors

1

(1

)

Other creditors

13,850

850

233,542

161,471

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

Hire purchase contracts

108,435

124,653

Other creditors

100,899

209,334

225,552

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

100,899

8.

LOANS

An analysis of the maturity of loans is given below:

31/3/25

31/3/24

£

Amounts falling due within one year or on demand:

Bank loans - less than 1 yr

138,836

142,117

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

100,899