REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 24 MARCH 2023 TO 31 MARCH 2024 |
FOR |
GRECH & FORTE LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
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. |