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REGISTERED NUMBER: OC434407 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Granite Self Storage LLP

Granite Self Storage LLP (Registered number: OC434407)






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




Page

General Information 1

Report of the Members 2

Chartered Certified Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


Granite Self Storage 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: OC434407 (England and Wales)





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

Granite Self Storage LLP (Registered number: OC434407)

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

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 £66,393 (2022 - £30,824 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





I D Lipman - Designated member


15 November 2023

Chartered Certified Accountants' Report to the Members
on the Unaudited Financial Statements of
Granite Self Storage LLP


In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Granite Self Storage LLP for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the members of Granite Self Storage LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Granite Self Storage LLP and state those matters that we have agreed to state to the members of Granite Self Storage LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Granite Self Storage LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Granite Self Storage LLP. You consider that Granite Self Storage LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Granite Self Storage LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






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


15 November 2023

Granite Self Storage LLP (Registered number: OC434407)

Income Statement
for the Year Ended 31 March 2023

Year Ended Period
31.3.23 26.11.20 to 31.3.22
Notes £    £    £    £   

TURNOVER 226,694 149,349

Distribution costs 1,158 -
Administrative expenses 159,146 118,525
160,304 118,525
OPERATING PROFIT 4 66,390 30,824

Interest receivable and
similar income

3

-
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




66,393




30,824

Granite Self Storage LLP (Registered number: OC434407)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,276,898 1,231,346

CURRENT ASSETS
Debtors 6 11,447 7,293
Prepayments and accrued income 2,098 1,212
Cash at bank 5,677 7,497
19,222 16,002
CREDITORS
Amounts falling due within one
year

7

77,883

31,096
NET CURRENT LIABILITIES (58,661 ) (15,094 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,218,237

1,216,252

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,218,237

1,216,252

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

8

1,218,237

1,216,252

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.

Granite Self Storage LLP (Registered number: OC434407)

Balance Sheet - continued
31 March 2023


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 Self Storage LLP (Registered number: OC434407)

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

1. STATUTORY INFORMATION

Granite Self Storage 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 2 (2022 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
26.11.20
Year Ended to
31.3.23 31.3.22
£    £   
Depreciation - owned assets 1,158 1,543

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 1,226,716 6,173 1,232,889
Additions 46,710 - 46,710
At 31 March 2023 1,273,426 6,173 1,279,599
DEPRECIATION
At 1 April 2022 - 1,543 1,543
Charge for year - 1,158 1,158
At 31 March 2023 - 2,701 2,701
NET BOOK VALUE
At 31 March 2023 1,273,426 3,472 1,276,898
At 31 March 2022 1,226,716 4,630 1,231,346

Granite Self Storage LLP (Registered number: OC434407)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,756 7,293
Other debtors 2,691 -
11,447 7,293

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 46,800 394
Taxation and social security - 3,839
Other creditors 31,083 26,863
77,883 31,096

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

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