IRIS Accounts Production v24.3.0.553 OC327997 designated member 6.4.23 5.4.24 5.4.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3279972023-04-05OC3279972024-04-05OC3279972023-04-062024-04-05OC3279972022-04-05OC3279972022-04-062023-04-05OC3279972023-04-05OC327997ns15:EnglandWales2023-04-062024-04-05OC327997ns14:PoundSterling2023-04-062024-04-05OC327997ns10:PartnerLLP12023-04-062024-04-05OC327997ns10:LimitedLiabilityPartnershipLLP2023-04-062024-04-05OC327997ns10:SmallEntities2023-04-062024-04-05OC327997ns10:AuditExempt-NoAccountantsReport2023-04-062024-04-05OC327997ns10:SmallCompaniesRegimeForAccounts2023-04-062024-04-05OC327997ns10:LimitedLiabilityPartnershipsSORP2023-04-062024-04-05OC327997ns10:FullAccounts2023-04-062024-04-05OC327997ns10:PartnerLLP22023-04-062024-04-05OC327997ns10:RegisteredOffice2023-04-062024-04-05OC327997ns5:CurrentFinancialInstruments2024-04-05OC327997ns5:CurrentFinancialInstruments2023-04-05OC327997ns5:Non-currentFinancialInstruments2024-04-05OC327997ns5:Non-currentFinancialInstruments2023-04-05OC327997ns5:CapitalRedemptionReserve2024-04-05OC327997ns5:CapitalRedemptionReserve2023-04-05OC327997ns5:LandBuildings2023-04-05OC327997ns5:LandBuildings2024-04-05OC327997ns5:LandBuildings2023-04-05OC327997ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-05OC327997ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-05
REGISTERED NUMBER: OC327997 (England and Wales)













DOUGLAS GREGG (SWANSEA) LLP

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024






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

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024










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 5 APRIL 2024







DESIGNATED MEMBERS: Mr. A D Giles
Tregarn Holdings Limited





REGISTERED OFFICE: 11-13 Penhill Road
Cardiff
CF11 9PQ





REGISTERED NUMBER: OC327997 (England and Wales)





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

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

STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,220,106 1,220,106

CURRENT ASSETS
Debtors 5 9,778 4,876
Cash at bank 44,686 82,834
54,464 87,710
CREDITORS
Amounts falling due within one year 6 57,842 58,373
NET CURRENT (LIABILITIES)/ASSETS (3,378 ) 29,337
TOTAL ASSETS LESS CURRENT LIABILITIES 1,216,728 1,249,443

CREDITORS
Amounts falling due after more than one year 7 290,000 320,000
NET ASSETS ATTRIBUTABLE TO MEMBERS 926,728 929,443

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

MEMBERS' OTHER INTERESTS
Other reserves 346,626 349,341
926,728 929,443

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 580,102 580,102
Members' other interests 346,626 349,341
926,728 929,443

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 5 April 2024.

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
5 APRIL 2024


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 20 November 2024 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 5 APRIL 2024


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 (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 6 April 2023
and 5 April 2024 1,220,106
NET BOOK VALUE
At 5 April 2024 1,220,106
At 5 April 2023 1,220,106

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 10,190 3,263
Other debtors (412 ) 1,613
9,778 4,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 30,000 30,000
Trade creditors 4,936 1,080
Taxation and social security 1,253 3,679
Other creditors 21,653 23,614
57,842 58,373

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 290,000 320,000