Redbrick Ventures LLP - Accounts to registrar (filleted) - small 22.3

Redbrick Ventures LLP - Accounts to registrar (filleted) - small 22.3

REDBRICK VENTURES LLP - Company Information

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IRIS Accounts Production v22.4.0.132 OC417428 designated member designated member 31.3.21 30.3.22 30.3.22 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC4174282021-03-30OC4174282022-03-30OC4174282021-03-312022-03-30OC4174282020-03-30OC4174282020-03-312021-03-30OC4174282021-03-30OC417428ns16:EnglandWales2021-03-312022-03-30OC417428ns15:PoundSterling2021-03-312022-03-30OC417428ns11:Director12021-03-312022-03-30OC417428ns11:Director22021-03-312022-03-30OC417428ns11:LimitedLiabilityPartnershipLLP2021-03-312022-03-30OC417428ns11:SmallEntities2021-03-312022-03-30OC417428ns11:AuditExempt-NoAccountantsReport2021-03-312022-03-30OC417428ns11:SmallCompaniesRegimeForAccounts2021-03-312022-03-30OC417428ns11:LimitedLiabilityPartnershipsSORP2021-03-312022-03-30OC417428ns11:FullAccounts2021-03-312022-03-30OC417428ns11:Director32021-03-312022-03-30OC417428ns11:Director42021-03-312022-03-30OC417428ns11:RegisteredOffice2021-03-312022-03-30OC417428ns6:CurrentFinancialInstruments2022-03-30OC417428ns6:CurrentFinancialInstruments2021-03-30OC417428ns6:PlantMachinery2021-03-30OC417428ns6:PlantMachinery2021-03-312022-03-30OC417428ns6:PlantMachinery2022-03-30OC417428ns6:PlantMachinery2021-03-30OC417428ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-30OC417428ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-30
REGISTERED NUMBER: OC417428 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2022

FOR

REDBRICK VENTURES LLP
REDBRICK VENTURES LLP (REGISTERED NUMBER: OC417428)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2022










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REDBRICK VENTURES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 MARCH 2022







DESIGNATED MEMBERS: Jomalle Torres Andronicou
Paul Andronicou
Urban Insight Ltd





REGISTERED OFFICE: Fifth Floor
11 Leadenhall Street
London
EC3V 1LP





REGISTERED NUMBER: OC417428 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES
Page 1
REDBRICK VENTURES LLP (REGISTERED NUMBER: OC417428)

BALANCE SHEET
30 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 439 585
Investment property 5 2,120,485 1,726,810
2,120,924 1,727,395

CURRENT ASSETS
Debtors 6 8,697 8,394
Cash at bank 8,313 8,404
17,010 16,798
CREDITORS
Amounts falling due within one year 7 2,894 2,639
NET CURRENT ASSETS 14,116 14,159
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
2,135,040
1,741,554

LOANS AND OTHER DEBTS DUE TO
MEMBERS
14,555
509,925

MEMBERS' OTHER INTERESTS
Capital accounts 2,120,485 1,231,629
2,135,040 1,741,554

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 14,555 509,925
Members' other interests 2,120,485 1,231,629
2,135,040 1,741,554

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 30 March 2022.

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 notes form part of these financial statements

Page 2 continued...
REDBRICK VENTURES LLP (REGISTERED NUMBER: OC417428)

BALANCE SHEET - continued
30 MARCH 2022


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 31 March 2023 and were signed by:





Paul Andronicou - Designated member

The notes form part of these financial statements

Page 3
REDBRICK VENTURES LLP (REGISTERED NUMBER: OC417428)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2022


1. STATUTORY INFORMATION

Redbrick Ventures 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
In preparing the financial statements, the members are required to make estimates and judgements about the carrying amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis and are based on historical experience and other factors that are considered by the members to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.

FINANCIAL INSTRUMENTS
The LLP only has financial assets and financial liabilities of a kind that qualifies as basic financial instruments like trade and other accounts receivable and payable, loans from banks and other third parties.

Financial assets that are measured at cost and amortized cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate.

If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2021 - NIL).

Page 4 continued...
REDBRICK VENTURES LLP (REGISTERED NUMBER: OC417428)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 31 March 2021
and 30 March 2022 700
Depreciation
At 31 March 2021 115
Charge for year 146
At 30 March 2022 261
Net book value
At 30 March 2022 439
At 30 March 2021 585

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 31 March 2021 1,726,810
Additions 393,675
At 30 March 2022 2,120,485
Net book value
At 30 March 2022 2,120,485
At 30 March 2021 1,726,810

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 8,697 8,394

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other creditors 2,894 2,639

Page 5