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REGISTERED NUMBER: OC446511 (England and Wales)










FINANCIAL STATEMENTS

FOR THE PERIOD 24 MARCH 2023 TO 31 MARCH 2024

FOR

GRECH & FORTE LLP

GRECH & FORTE LLP (REGISTERED NUMBER: OC446511)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 24 MARCH 2023 TO 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GRECH & FORTE LLP

GENERAL INFORMATION
FOR THE PERIOD 24 MARCH 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: F Grech
Mrs D Grech





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: OC446511 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

GRECH & FORTE LLP (REGISTERED NUMBER: OC446511)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Investment property 4 2,125,000

CURRENT ASSETS
Debtors 5 59,660

CREDITORS
Amounts falling due within one year 6 600
NET CURRENT ASSETS 59,060
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,184,060

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

2,184,060

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 2,184,060

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 31 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.

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 26 December 2024 and were signed by:





F Grech - Designated member

GRECH & FORTE LLP (REGISTERED NUMBER: OC446511)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 24 MARCH 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Grech & Forte LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements,estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initiallymeasured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 2 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 2,125,000
At 31 March 2024 2,125,000
NET BOOK VALUE
At 31 March 2024 2,125,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 59,660

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 600

GRECH & FORTE LLP (REGISTERED NUMBER: OC446511)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 24 MARCH 2023 TO 31 MARCH 2024

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Total capital introduced by the members during the period is £2,125,000.