Brixton Hill Developments LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC433189 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2024 TO 31 MARCH 2025

FOR

BRIXTON HILL DEVELOPMENTS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

AG Bespoke Solutions Ltd

Longhold Investments Ltd

Thornbury Group Limited

REGISTERED OFFICE:

28 Rathbone Place

London

W1T 1JF

REGISTERED NUMBER:

OC433189 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

CURRENT ASSETS

Stocks

4

355,707

340,156

Cash at bank

13,643

27,944

369,350

368,100

CREDITORS

Amounts falling due within one year

5

3,750

2,500

NET CURRENT ASSETS

365,600

TOTAL ASSETS LESS CURRENT
LIABILITIES

365,600

CREDITORS

Amounts falling due after more than one
year

6

300,000

NET ASSETS ATTRIBUTABLE TO
MEMBERS

65,600

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

65,600

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

65,600

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 period 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 26 May 2025 and were signed by:

Longhold Investments Ltd - Designated member

1.	STATUTORY INFORMATION

Brixton Hill Developments 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.

Turnover

Turnover, which excludes VAT, represents amounts received and receivable in respect of properties sold. Turnover and profit are recognised on property sales upon exchange of contract and build completion.

Stock and work in progress

Land is stated at the lower of cost and net realisable value, based on its present condition. Property in the course of development is stated at the lower of direct cost and net realisable value. Direct cost comprises the cost of land, development and construction costs to date.

3.	EMPLOYEE INFORMATION

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

4.

STOCKS

31.3.25

31.8.24

£

Work-in-progress

355,707

340,156

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.8.24

£

Accrued expenses

3,750

2,500

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.8.24

£

Bank loans (see note 7)

300,000

7.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.8.24

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

300,000

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.