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REGISTERED NUMBER: OC327997 (England and Wales)













DOUGLAS GREGG (SWANSEA) LLP

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2022






DOUGLAS GREGG (SWANSEA) LLP (REGISTERED NUMBER: OC327997)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2022










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DOUGLAS GREGG (SWANSEA) LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 5TH APRIL 2022







DESIGNATED MEMBERS: Mr. A D Giles
Tregarn Holdings Limited





REGISTERED OFFICE: 36 Park Place
Cardiff
CF10 3BB





REGISTERED NUMBER: OC327997 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

DOUGLAS GREGG (SWANSEA) LLP (REGISTERED NUMBER: OC327997)

STATEMENT OF FINANCIAL POSITION
5TH APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,220,106 1,220,106

CURRENT ASSETS
Debtors 5 20,104 11,563
Cash at bank 51,713 21,667
71,817 33,230
CREDITORS
Amounts falling due within one year 6 58,060 41,451
NET CURRENT ASSETS/(LIABILITIES) 13,757 (8,221 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,233,863 1,211,885

CREDITORS
Amounts falling due after more than one
year

7

350,000

380,000
NET ASSETS ATTRIBUTABLE TO MEMBERS 883,863 831,885

LOANS AND OTHER DEBTS DUE TO MEMBERS 580,102 580,102

MEMBERS' OTHER INTERESTS
Other reserves 303,761 251,783
883,863 831,885

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 580,102 580,102
Members' other interests 303,761 251,783
883,863 831,885

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 5th April 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.

DOUGLAS GREGG (SWANSEA) LLP (REGISTERED NUMBER: OC327997)

STATEMENT OF FINANCIAL POSITION - continued
5TH APRIL 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 13th September 2022 and were signed by:





Mr. A D Giles - Designated member

DOUGLAS GREGG (SWANSEA) LLP (REGISTERED NUMBER: OC327997)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2022


1. STATUTORY INFORMATION

Douglas Gregg (Swansea) 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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 6th April 2021
and 5th April 2022 1,220,106
NET BOOK VALUE
At 5th April 2022 1,220,106
At 5th April 2021 1,220,106

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 15,451 6,782
Other debtors 4,653 4,781
20,104 11,563

DOUGLAS GREGG (SWANSEA) LLP (REGISTERED NUMBER: OC327997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 30,000 15,000
Trade creditors 60 3,074
Taxation and social security 3,971 2,929
Other creditors 24,029 20,448
58,060 41,451

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 350,000 380,000