| Brookshire Capital LLP |
| Registered number: |
OC351469 |
| Balance Sheet |
| as at 31 March 2026 |
| Notes |
|
2026 |
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
1,961 |
|
2,615 |
| Investments |
4 |
|
3,940,000 |
|
3,900,000 |
|
|
|
3,941,961 |
|
3,902,615 |
| Current assets |
|
|
|
|
|
| Debtors |
5 |
|
20,046 |
|
20,735 |
| Cash at bank and in hand |
|
|
89,466 |
|
90,165 |
|
|
|
109,512 |
|
110,900 |
|
| Creditors: amounts falling due within one year |
6 |
|
(77,458) |
|
(76,863) |
|
| #NAME? |
|
|
32,054 |
|
34,037 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
3,974,015 |
|
3,936,652 |
|
|
|
| #NAME? |
3,974,015 |
|
3,936,652 |
|
|
|
|
|
|
| Represented by: |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
661,062 |
|
661,062 |
| Other reserves |
|
|
3,312,953 |
|
3,275,590 |
|
|
|
3,974,015 |
|
3,936,652 |
|
|
|
|
|
|
|
|
|
3,974,015 |
|
3,936,652 |
|
|
|
|
|
|
| Total members' interests |
| Members' other interests |
|
|
3,974,015 |
|
3,936,652 |
|
|
|
|
3,974,015 |
|
3,936,652 |
|
|
|
|
|
|
| For the year ended 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 21 August 2026 and signed on their behalf by: |
|
|
| A J F Wildman |
| Designated member |
|
| Brookshire Capital LLP |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Turnover |
|
Revenue is recognised on an accruals basis when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the LLP. Revenue comprises rental income and other income from tenants of the LLP’s properties, net of discounts, VAT and other sales-related taxes. |
|
|
Division of profits |
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% per annum |
|
|
Investments |
|
Investments in subsidiaries are measured at cost less any accumulated impairment losses.
The LLP holds property for the purposes of investment and this is disclosed as such on the balance sheet. Investment properties are properties which are held either to earn rental income or for capital appreciation or for both.
The investment property is initially measured at cost including related transaction costs. After initial recognition the investment property is carried at fair value determined annually by external valuers or the designated partners at their discretion. Changes in fair value are recognised in profit or loss. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
Other reserves |
|
Other capital reserves include profits which have not yet been allocated to members and are not yet capable of being withdrawn by such members. |
|
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
The LLP has no employees and there were no staff costs for the year ended 31 March 2024 (2023: nil). |
|
|
The LLP had two (2024: two) designated members throughout the year. |
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2025 |
9,877 |
|
At 31 March 2026 |
9,877 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
7,262 |
|
Charge for the year |
654 |
|
At 31 March 2026 |
7,916 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
1,961 |
|
At 31 March 2025 |
2,615 |
|
|
| 4 |
Fixed asset investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2025 |
3,900,000 |
|
Revaluation |
40,000 |
|
|
At 31 March 2026 |
3,940,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 April 2025 |
2,362,990 |
|
At 31 March 2026 |
2,362,990 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
8,871 |
|
9,619 |
|
Other debtors |
11,175 |
|
11,116 |
|
|
|
|
|
|
20,046 |
|
20,735 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade creditors |
6,631 |
|
8,005 |
|
Other taxes and social security costs |
12,806 |
|
12,205 |
|
Other creditors |
58,021 |
|
56,653 |
|
|
|
|
|
|
77,458 |
|
76,863 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Brookshire Capital LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
Kempston |
|
Mill Hill |
|
Edenbridge |
|
Kent |
|
TN8 5DQ |