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REGISTERED NUMBER: OC454970
Briswool LLP
Unaudited Financial Statements
31 December 2025
Briswool LLP
Financial Statements
Period from 20 December 2024 to 31 December 2025
Contents
Page
Designated members and professional advisers
1
Members' report
2
Statement of comprehensive income
3
Statement of financial position
4
Reconciliation of members' interests
5
Notes to the financial statements
6
Briswool LLP
Designated Members and Professional Advisers
Designated members
S R CAFICI
D A PORCEL DE PERALTA
Registered office
C/O Bulldog Global Financial Services (UK) Ltd
Birchin Court
20 Birchin Ln
London
England
EC3V 9DU
OC454970
Briswool LLP
Members' Report
Period from 20 December 2024 to 31 December 2025
The members present their report and the unaudited financial statements of the LLP for the period ended 31 December 2025 .
Principal activities
The principal activity of the LLP is to carry on the business of investment and the holding of shares and other participation in other companies.
Designated members
The designated members who served the LLP during the period were as follows:
S R CAFICI
(Appointed 20 December 2024)
D A PORCEL DE PERALTA
(Appointed 20 December 2024)
Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.
New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.
This report was approved by the members on 17 September 2026 and signed on behalf of the members by:
S R CAFICI
D A PORCEL DE PERALTA
Designated Member
Designated Member
Registered office:
C/O Bulldog Global Financial Services (UK) Ltd
Birchin Court
20 Birchin Ln
London
England
EC3V 9DU
Briswool LLP
Statement of Comprehensive Income
Period from 20 December 2024 to 31 December 2025
Period from
20 Dec 24 to
31 Dec 25
Note
$
Turnover
4
3,542,571
Cost of sales
3,132,429
------------
Gross profit
410,142
Administrative expenses
148,054
---------
Operating profit
5
262,088
---------
Profit for the financial period before members' remuneration and profit shares available for discretionary division among members
262,088
---------
All the activities of the LLP are from continuing operations.
Briswool LLP
Statement of Financial Position
31 December 2025
31 Dec 25
Note
$
Current assets
Cash at bank and in hand
314,228
Creditors: amounts falling due within one year
7
51,623
---------
Net current assets
262,605
---------
Total assets less current liabilities
262,605
---------
Represented by:
Loans and other debts due to members
Other amounts
8
262,484
Members' other interests
Members' capital classified as equity
121
Other reserves, including the fair value reserve
–
---------
262,605
---------
Total members' interests
Loans and other debts due to members
8
262,484
Members' other interests
121
---------
262,605
---------
For the period ending 31 December 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
These financial statements were approved by the members and authorised for issue on 17 September 2026 , and are signed on their behalf by:
S R CAFICI
D A PORCEL DE PERALTA
Designated Member
Designated Member
Registered number: OC454970
Briswool LLP
Reconciliation of Members' Interests
Period from 20 December 2024 to 31 December 2025
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves, including the fair value reserve
Total
Other amounts
Total
Total 31 Dec 25
$
$
$
$
$
$
Balance at 20 December 2024
–
–
–
–
–
–
Profit for the financial period available for discretionary division among members
262,088
262,088
262,088
----
---------
---------
----
----
---------
Members' interests after profit for the period
–
262,088
262,088
–
–
262,088
Other division of profits
(262,088)
(262,088)
262,088
262,088
–
Introduced by members
121
121
–
–
121
Other movements
–
–
–
396
396
396
----
---------
---------
---------
---------
---------
Balance at 31 December 2025
121
–
121
262,484
262,484
262,605
----
---------
---------
---------
---------
---------
Briswool LLP
Notes to the Financial Statements
Period from 20 December 2024 to 31 December 2025
1.
General information
The LLP is registered in England and Wales. The address of the registered office is C/O Bulldog Global Financial Services (UK) Ltd, Birchin Court, 20 Birchin Ln, London, EC3V 9DU, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP 2018).
3.
Accounting policies
Basis of preparation
The financial statements are prepared in USD, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Briswool LLP
Notes to the Financial Statements (continued)
Period from 20 December 2024 to 31 December 2025
3. Accounting policies (continued)
Members' participation rights (continued)
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
A financial asset or a financial liability is recognised only when the LLP becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Turnover
The whole of the turnover is attributable to the principal activity of the LLP wholly undertaken in the United Kingdom.
5.
Operating profit
Operating profit or loss is stated after charging:
Period from
20 Dec 24 to
31 Dec 25
$
Foreign exchange differences
610
----
6.
Information in relation to members
Period from
20 Dec 24 to
31 Dec 25
No.
Average number of members
2
----
7. Creditors: amounts falling due within one year
31 Dec 25
$
Trade creditors
51,623
--------
8.
Loans and other debts due to members
31 Dec 25
$
Amounts owed to members in respect of profits
262,484
---------