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REGISTERED NUMBER: OC339997 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

GC Property Management LLP

GC Property Management LLP (Registered number: OC339997)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GC Property Management LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mrs C Grylls
C A Grylls





REGISTERED OFFICE: The Grange Business Centre
Belasis Avenue
Billingham
TS23 1LG





REGISTERED NUMBER: OC339997 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

GC Property Management LLP (Registered number: OC339997)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 992 3,300

CURRENT ASSETS
Debtors 5 268,920 269,194
Cash at bank 27,371 31,755
296,291 300,949
CREDITORS
Amounts falling due within one year 6 131,742 180,547
NET CURRENT ASSETS 164,549 120,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,541

123,702

CREDITORS
Amounts falling due after more than one
year

7

12,203

22,403
NET ASSETS ATTRIBUTABLE TO
MEMBERS

153,338

101,299

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

153,338

101,299

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 153,338 101,299

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 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.

GC Property Management LLP (Registered number: OC339997)

Balance Sheet - continued
31 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 28 March 2025 and were signed by:





Mrs C Grylls - Designated member

GC Property Management LLP (Registered number: OC339997)

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

1. STATUTORY INFORMATION

G C Property Management 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 financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £.

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 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 - 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Amounts recoverable on contracts
Amounts recoverable on contracts are stated at cost plus attributable profit to the extent that such profit is reasonably certain and after making provision for any foreseeable losses in completing the contracts.

Debtors and creditors payable/receivable
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3. EMPLOYEE INFORMATION

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

GC Property Management LLP (Registered number: OC339997)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,772 598 23,703 5,162 32,235
Disposals - - (11,203 ) - (11,203 )
At 31 March 2024 2,772 598 12,500 5,162 21,032
DEPRECIATION
At 1 April 2023 2,558 595 22,400 3,382 28,935
Charge for year 129 - 1,301 877 2,307
Eliminated on disposal - - (11,202 ) - (11,202 )
At 31 March 2024 2,687 595 12,499 4,259 20,040
NET BOOK VALUE
At 31 March 2024 85 3 1 903 992
At 31 March 2023 214 3 1,303 1,780 3,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 79,093 120,517
Other debtors 189,827 148,677
268,920 269,194

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,205 9,953
Trade creditors 109,729 59,011
Taxation and social security 9,808 6,688
Other creditors 2,000 104,895
131,742 180,547

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,203 22,403

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank after all unsecured creditors in the event of a winding up. No legally enforceable protection is afforded to any creditors.