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REGISTERED NUMBER: OC434513 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Granite Essex LLP

Granite Essex LLP (Registered number: OC434513)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

General Information 1

Report of the Members 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


Granite Essex LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: K C Owen
I D Lipman





REGISTERED OFFICE: Unit 21
Shifnal Industrial Estate
Lamledge Lane
Shifnal
TF11 8SD





REGISTERED NUMBER: OC434513 (England and Wales)





ACCOUNTANTS: Pabs Consultancy Limited
39A Joel Street
Northwood Hills
Middlesex
HA6 1NZ

Granite Essex LLP (Registered number: OC434513)

Report of the Members
for the Year Ended 31 March 2023

The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property investment and letting.

DESIGNATED MEMBERS
The designated members during the year under review were:

K C Owen
I D Lipman

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £797 (2022 - £565 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





I D Lipman - Designated member


15 November 2023

Granite Essex LLP

Report of the Accountants to the Members of
Granite Essex LLP


As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages four to six and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Pabs Consultancy Limited
39A Joel Street
Northwood Hills
Middlesex
HA6 1NZ


15 November 2023

Granite Essex LLP (Registered number: OC434513)

Income Statement
for the Year Ended 31 March 2023

Period
2.12.20
Year Ended to
31.3.23 31.3.22
£    £   

TURNOVER - -

Administrative expenses 39 235
(39 ) (235 )

Other operating income 836 800
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




797




565

Granite Essex LLP (Registered number: OC434513)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 9,000 9,000

CURRENT ASSETS
Debtors 5 1,362 1,685

CREDITORS
Amounts falling due within one
year

6

-

1,120
NET CURRENT ASSETS 1,362 565
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

10,362

9,565

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

10,362

9,565

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

7

10,362

9,565

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 31 March 2023.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 15 November 2023 and were signed by:




I D Lipman - Designated member



K C Owen - Designated member


Granite Essex LLP (Registered number: OC434513)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Granite Essex 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.

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.

3. EMPLOYEES AND MEMBERS

The average number of employees during the year was 2 (2022 - NIL ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 9,000
NET BOOK VALUE
At 31 March 2023 9,000
At 31 March 2022 9,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,362 1,685

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 320
Other creditors - 800
- 1,120

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) ranks parri-passu with other creditors.