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REGISTERED NUMBER: OC433808 (England and Wales)










Unaudited Financial Statements

for the Period 16 October 2020 to 31 March 2022

for

Grantlets LLP

Grantlets LLP (Registered number: OC433808)






Contents of the Financial Statements
for the Period 16 October 2020 to 31 March 2022




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Grantlets LLP

General Information
for the Period 16 October 2020 to 31 March 2022







DESIGNATED MEMBERS: Ms L Grant
Thyme Property Solutions Limited





REGISTERED OFFICE: Yoden House
30 Yoden Way
Peterlee
SR8 1AL





REGISTERED NUMBER: OC433808 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Yoden House
30 Yoden Way
Peterlee
Co. Durham
SR8 1AL

Grantlets LLP (Registered number: OC433808)

Balance Sheet
31 March 2022

Notes £   
FIXED ASSETS
Tangible assets 4 1,770,000

CREDITORS
Amounts falling due within one year 5 (1,644 )
NET CURRENT LIABILITIES (1,644 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,768,356

CREDITORS
Amounts falling due after more than one
year

6

(1,167,988

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

600,368

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

600,368

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 600,368

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 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 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 2 September 2022 and were signed by:



Ms L Grant - Designated member

Grantlets LLP (Registered number: OC433808)

Notes to the Financial Statements
for the Period 16 October 2020 to 31 March 2022

1. STATUTORY INFORMATION

Grantlets 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 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 period was NIL.

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
Additions 1,770,000
At 31 March 2022 1,770,000
NET BOOK VALUE
At 31 March 2022 1,770,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 1,644

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 1,167,988

7. SECURED DEBTS

The following secured debts are included within creditors:

£   
Mortgages 1,167,988

Grantlets LLP (Registered number: OC433808)

Notes to the Financial Statements - continued
for the Period 16 October 2020 to 31 March 2022

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.