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Logo On Report
Registered Number: OC417703
England & Northern Ireland

 

 

 

GALLERY PROPERTIES PARTNERSHIP LLP



Unaudited Financial Statements
 


Period of accounts

Start date: 29 June 2023

End date: 28 June 2024
Report to the members of Gallery Properties Partnership LLP LLP on the preparation of the unaudited statutory financial statements for the year ended 28 June 2024

In accordance with the engagement letter dated 25 July 2025, and in order to assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have compiled the financial statements of the LLP from the accounting records and information and explanations you have given to us.

This report is made solely to the members of Gallery Properties Partnership LLP LLP, as a body, in accordance with the terms of our engagement letter dated 25 July 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Gallery Properties Partnership LLP LLP and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other thanGallery Properties Partnership LLP LLP and its members as a body for our work or for this report.

It is your duty to ensure that Gallery Properties Partnership LLP LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gallery Properties Partnership LLP LLP. You consider that Gallery Properties Partnership LLP LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gallery Properties Partnership LLP LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................

JSR MANAGEMENT & HR CONSULTANCY SERVICES LTD
37A Victoria Road
Southampton
SO19 9DY
25 July 2025
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Cash at bank and in hand 1,494    282 
Net current assets 1,494    282 
 
Total assets less current liabilities 1,494    282 
Creditors: amount falling due after more than one year (11,034)   (15,669)
Net assets (9,540)   (15,387)
 

Represented by:
Loans and other debts due to members 298    11,808 
Amounts due from members (130,237)   (130,088)
Members' other interest
Members' capital (1,244)   (1,244)
Reserves 100,057    95,688 
Other reserves 21,586    8,449 
120,399    102,893 

(9,540)   (15,387)
 

Total members' interests
Amounts due from members (130,237)   (130,088)
Loans and other debts due to members 298    11,808 
Members' other interests 120,399    102,893 
(9,540)   (15,387)
 


For the year ending 28 June 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.


The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts and for ensuring that all records comply with those requirements.
Company law requires that in preparing these financial statements, the members:

- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK accounting standards have been followed (as far as this applies to LLPs, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is appropriate to presume that the company will continue in business.
The members are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006.  The members are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


These financial statements have been prepared in accordance with the special provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006
These accounts were approved by the members and signed on their behalf by:


.............................................................................
Peter Mill
Designated Member
Date approved by the members: 25 July 2025
2
General Information
Gallery Properties Partnership LLP is a limited liability partnership, registered in England & Northern Ireland, registration number OC417703, registration address 37A Victoria Road, Southampton, SO19 9DY.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3