OC433605 false Property Investment and Rental 2023-11-01 2024-10-31 http://www.companieshouse.gov.uk/2023-10-31 http://www.companieshouse.gov.uk/cd:Director1 2023-11-01 2024-10-31 http://www.companieshouse.gov.uk/cd:Director2 2023-11-01 2024-10-31 http://www.companieshouse.gov.uk/cd:LimitedLiabilityPartnershipLLP 2023-11-01 2024-10-31 http://www.companieshouse.gov.uk/cd:Director3 2023-11-01 2024-10-31 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2023-11-01 2024-10-31 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-10-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2023-10-31 http://www.companieshouse.gov.uk/2023-11-01 2024-10-31 http://www.companieshouse.gov.uk/2023-10-31 http://www.companieshouse.gov.uk/cd:FRS102 2023-11-01 2024-10-31 http://www.companieshouse.gov.uk/2024-10-31 http://www.companieshouse.gov.uk/cd:FullAccounts 2023-11-01 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: OC433605
GBS Clearwater LLP
ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
Prepared By:
David Stott Accountancy Services
59 Medhurst Crescent
Gravesend
Kent
DA12 4HJ

GBS Clearwater LLP

CONTENTS |  |
|  | Page
Report of the Members |  | -
Profit and Loss Account |  | -
Balance Sheet |  | 3
Notes to the Accounts |  | 4
The following do not form part of the statutory financial statements:
Trading and Profit and Loss Account |  | -
Profit and Loss Account Summaries |  | -
Capital Accounts |  | -
Current Accounts |  | -

GBS Clearwater LLP

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
DESIGNATED MEMBERS
Prabjit Singh Bahra
Satwant Singh Bahra
Surjeet Kaur Bahra
REGISTERED OFFICE
38 Pleasant Street
Blackpool
Kent
FY1 2HU
COMPANY NUMBER
OC433605
BANKERS
Barclays
SOLICITORS
Gullards
ACCOUNTANTS
David Stott Accountancy Services
59 Medhurst Crescent
Gravesend
Kent
DA12 4HJ

GBS Clearwater LLP

BALANCE SHEET AT 31/10/2024
|  |  |  |  |  | 2024 |  |  |  | 2023
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Investments |  | 2 |  |  |  | 985,000 |  |  |  | 960,000
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Debtors |  | 3 |  | 25,149 |  |  |  | 25,149 |  |
Cash at bank and in hand |  |  |  | 5,356 |  |  |  | 5,356 |  |
|  |  |  | 30,505 |  |  |  | 30,505 |  |
CREDITORS: Amounts falling due within one year |  |  |  | 1,038,646 |  |  |  | 1,038,645 |  |
NET CURRENT LIABILITIES |  |  |  |  |  | (1,008,141) |  |  |  | (1,008,140)
NET LIABILITIES ATTRIBUTABLE TO MEMBERS |  |  |  |  |  | (23,141) |  |  |  | (48,140)
LOANS AND OTHER DEBTS DUE TO MEMBERS |  |  |  |  |  | 25,277 |  |  |  | 17,311
MEMBERS ' OTHER INTERESTS |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | 25,277 |  |  |  | 17,311
TOTAL MEMBERS' INTERESTS |  |  |  |  |  |  |  |  |  |
Loans and other debts due to members |  |  |  |  |  | 25,277 |  |  |  | 17,311
|  |  |  |  |  | 25,277 |  |  |  | 17,311
For the year ending 31/10/2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the members on 14/10/2024 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Prabjit Singh Bahra |  |  |  |  |  |  |  |  |  |
Designated Member |  |  |  |  |  |  |  |  |  |

GBS Clearwater LLP

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2024

1. ACCOUNTING POLICIES

1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

1b. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.

2. FINANCIAL ASSETS |  |  |  |
|  | Other |  |
|  | Investments |  | Total
|  | £ |  | £
Cost |  |  |  |
At 01/11/2023 |  | 960,000 |  | 960,000
Additions |  | 25,000 |  | 25,000
At 31/10/2024 |  | 985,000 |  | 985,000
Amortisation |  |  |  |
Net Book Amounts |  |  |  |
At 31/10/2024 |  | 985,000 |  | 985,000
At 31/10/2023 |  | 960,000 |  | 960,000

3. DEBTORS |  |  |  | 2024 |  | 2023
|  |  |  | £ |  | £
Amounts falling due within one year: |  |  |  |  |  |
Other Tax |  |  |  | 20,490 |  | 20,490
Other Debtors |  |  |  | 4,659 |  | 4,659
|  |  |  | 25,149 |  | 25,149

GBS Clearwater LLP

4. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2024 |  | 2023
|  |  |  | No. |  | No.
Average number of employees |  |  |  | - |  | -