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REGISTERED NUMBER: OC426604 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

McGivney Partnership LLP

McGivney Partnership LLP (Registered number: OC426604)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


McGivney Partnership LLP

General Information
for the Year Ended 31st March 2024







DESIGNATED MEMBERS: S McGivney
Mrs C McGivney
McGivney Holdings Ltd





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
TS23 4EA





REGISTERED NUMBER: OC426604 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

McGivney Partnership LLP (Registered number: OC426604)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,542,847 8,524,350

CURRENT ASSETS
Cash at bank 453,035 561,445

CREDITORS
Amounts falling due within one year 5 (10,000 ) (10,000 )
NET CURRENT ASSETS 443,035 551,445
TOTAL ASSETS LESS CURRENT LIABILITIES 8,985,882 9,075,795

CREDITORS
Amounts falling due after more than one year 6 (2,123,455 ) (2,146,761 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 6,862,427 6,929,034

LOANS AND OTHER DEBTS DUE TO MEMBERS 8 - 6,929,034

MEMBERS' OTHER INTERESTS
Capital accounts 6,862,427 -
6,862,427 6,929,034

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 - 6,929,034
Members' other interests 6,862,427 -
6,862,427 6,929,034

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.

McGivney Partnership LLP (Registered number: OC426604)

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 11th March 2025 and were signed by:





S McGivney - Designated member

McGivney Partnership LLP (Registered number: OC426604)

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

1. STATUTORY INFORMATION

McGivney Partnership 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 20% on reducing balance

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 8,516,667 14,400 8,531,067
Additions 20,034 - 20,034
At 31st March 2024 8,536,701 14,400 8,551,101
DEPRECIATION
At 1st April 2023 - 6,717 6,717
Charge for year - 1,537 1,537
At 31st March 2024 - 8,254 8,254
NET BOOK VALUE
At 31st March 2024 8,536,701 6,146 8,542,847
At 31st March 2023 8,516,667 7,683 8,524,350

The members see no benefit in revaluing the assets.

McGivney Partnership LLP (Registered number: OC426604)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bounceback loan > 1yr 12,500 22,500
Other creditors 2,110,955 2,124,261
2,123,455 2,146,761

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 2,110,955 2,124,260

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other debts in the event of a liquidation.