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REGISTERED NUMBER: OC436678 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 5 APRIL 2024

FOR

GRACE ROAD COMMERCIAL SERVICES (SW) LLP

GRACE ROAD COMMERCIAL SERVICES (SW) LLP (REGISTERED NUMBER: OC436678)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 5 APRIL 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GRACE ROAD COMMERCIAL SERVICES (SW) LLP

GENERAL INFORMATION
FOR THE PERIOD 1 MAY 2023 TO 5 APRIL 2024







DESIGNATED MEMBERS: Mrs E J Harding
Mr W Kitchen
Mrs C M Kitchen





REGISTERED OFFICE: Deedtrade House
Grace Road
Marsh Barton Trading Estate
Exeter
Devon
EX2 8QA





REGISTERED NUMBER: OC436678 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

GRACE ROAD COMMERCIAL SERVICES (SW) LLP (REGISTERED NUMBER: OC436678)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,781 132,401

CURRENT ASSETS
Debtors 5 16,060 -
Cash at bank 2,832 2,339
18,892 2,339
CREDITORS
Amounts falling due within one year 6 50,578 83,158
NET CURRENT LIABILITIES (31,686 ) (80,819 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 50,095 51,582

LOANS AND OTHER DEBTS DUE TO MEMBERS 50,095 51,582

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 50,095 51,582

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 period 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.

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 12 November 2024 and were signed by:




Mr W Kitchen - Designated member

GRACE ROAD COMMERCIAL SERVICES (SW) LLP (REGISTERED NUMBER: OC436678)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 5 APRIL 2024


1. STATUTORY INFORMATION

Grace Road Commercial Services (SW) 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 May 2023 172,093
Disposals (59,262 )
At 5 April 2024 112,831
DEPRECIATION
At 1 May 2023 39,692
Eliminated on disposal (8,642 )
At 5 April 2024 31,050
NET BOOK VALUE
At 5 April 2024 81,781
At 30 April 2023 132,401

GRACE ROAD COMMERCIAL SERVICES (SW) LLP (REGISTERED NUMBER: OC436678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 5 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 16,060 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,180 293
Social security and other taxes 721 1,367
VAT 13,575 2,908
Other creditors 33,940 77,290
Accrued expenses 1,162 1,300
50,578 83,158