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REGISTERED NUMBER: OC420671 (England and Wales)















Groomes LLP

Financial Statements for the Year Ended 31st March 2024






Groomes LLP (Registered number: OC420671)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 5


Groomes LLP

General Information
for the Year Ended 31st March 2024







DESIGNATED MEMBERS: D C Comber
P Dale





REGISTERED OFFICE: 2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT





REGISTERED NUMBER: OC420671 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Groomes LLP (Registered number: OC420671)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,897,476 1,886,600

CURRENT ASSETS
Debtors 5 3,516 -
Cash at bank 21,378 11,468
24,894 11,468
CREDITORS
Amounts falling due within one year 6 95,364 65,694
NET CURRENT LIABILITIES (70,470 ) (54,226 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,827,006

1,832,374

CREDITORS
Amounts falling due after more than
one year

7

209,637

239,782
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,617,369

1,592,592

Groomes LLP (Registered number: OC420671)

Balance Sheet - continued
31st March 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

117,369

92,592

MEMBERS' OTHER INTERESTS
Capital accounts 1,500,000 1,500,000
1,617,369 1,592,592

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 117,369 92,592
Members' other interests 1,500,000 1,500,000
1,617,369 1,592,592

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 31st March 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.

Groomes LLP (Registered number: OC420671)

Balance Sheet - continued
31st March 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 8th January 2025 and were signed by:





P Dale - Designated member

Groomes LLP (Registered number: OC420671)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Groomes 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.
Plant and machinery etc - 25% on cost

3. EMPLOYEE INFORMATION

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

Groomes LLP (Registered number: OC420671)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 1,883,680 3,893 1,887,573
Additions - 15,800 15,800
At 31st March 2024 1,883,680 19,693 1,903,373
DEPRECIATION
At 1st April 2023 - 973 973
Charge for year - 4,924 4,924
At 31st March 2024 - 5,897 5,897
NET BOOK VALUE
At 31st March 2024 1,883,680 13,796 1,897,476
At 31st March 2023 1,883,680 2,920 1,886,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,516 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,164 -
Taxation and social security - 694
Other creditors 78,200 65,000
95,364 65,694

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 209,637 239,782

Groomes LLP (Registered number: OC420671)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' capital and loans and other debts due to members rank after other creditors on a winding up.