REGISTERED NUMBER: OC416755 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Bright Star Property Partnership LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Ember Property Ltd

S J Smith

REGISTERED OFFICE:

c/o OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Billingham

TS23 4EA

REGISTERED NUMBER:

OC416755 (England and Wales)

ACCOUNTANTS:

OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Coxwold Way

Billingham

Co. Durham

TS23 4EA

FIXED ASSETS

Tangible assets

4

6,157,951

6,034,000

CURRENT ASSETS

Debtors

-

1

Cash at bank

281,184

861,606

TOTAL ASSETS LESS CURRENT LIABILITIES

6,439,135

6,895,607

CREDITORS

Amounts falling due after more than one year

5

(1,453,542

)

(1,453,765

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

4,985,593

5,441,842

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

1

-

MEMBERS' OTHER INTERESTS

Capital accounts

4,985,592

5,441,842

4,985,593

5,441,842

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1

-

Members' other interests

4,985,592

5,441,842

Amounts due from members

-

(1

)

4,985,593

5,441,841

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 19th January 2026 and were signed by:

S J Smith - Designated member

1.	STATUTORY INFORMATION

Bright Star Property Partnership 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.

Land and buildings

-

in accordance with the property

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1st April 2024

6,034,000

Revaluations

123,951

At 31st March 2025

6,157,951

NET BOOK VALUE

At 31st March 2025

6,157,951

At 31st March 2024

6,034,000

Cost or valuation at 31st March 2025 is represented by:

Land and

buildings

£

Valuation in 2019

(21,000

)

Valuation in 2020

548,000

Valuation in 2021

142,000

Valuation in 2022

113,000

Valuation in 2023

76,000

Valuation in 2024

179,363

Valuation in 2025

123,951

Cost

4,996,637

6,157,951

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

1,453,542

1,453,765

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgages

1,453,542

1,453,765

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in the event of liquidation.