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REGISTERED NUMBER: OC372352 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Grangewood Ventures LLP

Grangewood Ventures LLP (Registered number: OC372352)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grangewood Ventures LLP

General Information
for the Year Ended 28 February 2023







DESIGNATED MEMBERS: S P Pratt
S J Pratt
Featherstone Consulting Limited
Primary Properties (Midlands) Limited





REGISTERED OFFICE: 1 Newhall Street
Birmingham
B3 3NH





REGISTERED NUMBER: OC372352 (England and Wales)

Grangewood Ventures LLP (Registered number: OC372352)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 32,060

CURRENT ASSETS
Debtors 5 128,000 117,438
Cash at bank 2,650 31,259
130,650 148,697
CREDITORS
Amounts falling due within one year 6 129,176 179,846
NET CURRENT ASSETS/(LIABILITIES) 1,474 (31,149 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,474

911

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

1,474

911

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 1,474 911

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 28 February 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.

Grangewood Ventures LLP (Registered number: OC372352)

Balance Sheet - continued
28 February 2023


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 29 November 2023 and were signed by:





S P Pratt - Designated member

Grangewood Ventures LLP (Registered number: OC372352)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Grangewood 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 117,065 2,673 119,738
Disposals (117,065 ) - (117,065 )
At 28 February 2023 - 2,673 2,673
DEPRECIATION
At 1 March 2022 85,005 2,673 87,678
Charge for year 2,497 - 2,497
Eliminated on disposal (87,502 ) - (87,502 )
At 28 February 2023 - 2,673 2,673
NET BOOK VALUE
At 28 February 2023 - - -
At 28 February 2022 32,060 - 32,060

Grangewood Ventures LLP (Registered number: OC372352)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022 117,065
Disposals (117,065 )
At 28 February 2023 -
DEPRECIATION
At 1 March 2022 85,005
Charge for year 2,497
Eliminated on disposal (87,502 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 32,060

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 450 36,450
Other debtors 115,538 73,516
VAT 12,012 7,472
128,000 117,438

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 45,736
Trade creditors 21,809 15,126
Other creditors 93,947 116,984
Accruals and deferred income 13,420 2,000
129,176 179,846

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, members' other reserves rank after unsecured creditors. Loans and other debts due to members rank pari passu with unsecured creditors in the event of a winding up. There is no formal restriction on the ability of the LLP to reduce the amount of members' other interests.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by its members.