Gough Family Partnership LLP OC431159 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of property rental. Digita Accounts Production Advanced 6.30.9574.0 true OC431159 2024-04-01 2025-03-31 OC431159 2025-03-31 OC431159 core:OtherReservesSubtotal 2025-03-31 OC431159 core:CurrentFinancialInstruments 2025-03-31 OC431159 core:Non-currentFinancialInstruments 2025-03-31 OC431159 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 OC431159 core:WithinOneYear 2025-03-31 OC431159 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 OC431159 bus:SmallEntities 2024-04-01 2025-03-31 OC431159 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC431159 bus:FilletedAccounts 2024-04-01 2025-03-31 OC431159 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC431159 bus:RegisteredOffice 2024-04-01 2025-03-31 OC431159 bus:PartnerLLP1 2024-04-01 2025-03-31 OC431159 bus:PartnerLLP2 2024-04-01 2025-03-31 OC431159 bus:PartnerLLP3 2024-04-01 2025-03-31 OC431159 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC431159 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC431159 countries:AllCountries 2024-04-01 2025-03-31 OC431159 2024-03-31 OC431159 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 OC431159 2023-04-01 2024-03-31 OC431159 2024-03-31 OC431159 core:OtherReservesSubtotal 2024-03-31 OC431159 core:CurrentFinancialInstruments 2024-03-31 OC431159 core:Non-currentFinancialInstruments 2024-03-31 OC431159 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 OC431159 core:WithinOneYear 2024-03-31 OC431159 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 iso4217:GBP xbrli:pure

Registration number: OC431159

Gough Family Partnership LLP

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Gough Family Partnership LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 5

Balance Sheet

2

Notes to the Financial Statements

4

 

Gough Family Partnership LLP

Limited liability partnership information
 

Designated members

Mr LH Gough

Mrs J Gough

Gough Family Holdings Ltd
 

Registered office


23 Wembury Drive
Torquay
Devon
TQ2 8DT

Accountants


The Hay Group
Chartered Certified Accountants
Berkeley House
Dix's Field
Exeter
Devon
EX1 1PZ

 

Gough Family Partnership LLP

(Registration number: OC431159)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

3

14,340,000

17,761,000

Current assets

 

Debtors

4

123,136

-

Balance at bank

 

110,184

35,670

 

233,320

35,670

Creditors: Amounts falling due within one year

5

(8,851,926)

(10,952,594)

Net current liabilities

 

(8,618,606)

(10,916,924)

Total assets less current liabilities

 

5,721,394

6,844,076

Creditors: Amounts falling due after more than one year

6

(2,126)

(12,439)

Net assets attributable to members

 

5,719,268

6,831,637

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

6,546,501

6,882,284

Members’ other interests

 

Loss on ordinary activities before members' remuneration and profit shares

 

(827,233)

(50,647)

   

5,719,268

6,831,637

Total members' interests

 

Loans and other debts due to members

 

6,546,501

6,882,284

Loss on ordinary activities before members' remuneration and profit shares

 

(827,233)

(50,647)

   

5,719,268

6,831,637

For the year ending 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

 

Gough Family Partnership LLP

(Registration number: OC431159)
Balance Sheet as at 31 March 2025

The financial statements of Gough Family Partnership LLP (registered number OC431159) were approved by the Board and authorised for issue on 22 July 2025. They were signed on behalf of the limited liability partnership by:

.........................................
Mr LH Gough
Designated member

 

Gough Family Partnership LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England & Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Gough Family Partnership LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Tangible fixed assets

Individual fixed assets are initially recorded at cost.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2024 - 0).

 

Gough Family Partnership LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

3

Tangible fixed assets

Freehold land and buildings
£

Total
£

Cost

At 1 April 2024

17,761,000

17,761,000

Disposals

(3,421,000)

(3,421,000)

At 31 March 2025

14,340,000

14,340,000

Depreciation

At 31 March 2025

-

-

Net book value

At 31 March 2025

14,340,000

14,340,000

At 31 March 2024

17,761,000

17,761,000

4

Debtors

2025
£

Other debtors

123,136

Total current trade and other debtors

123,136

5

Creditors: Amounts falling due within one year

2025
£

2024
£

Bank loans and overdrafts

10,000

10,000

Other creditors

8,837,726

10,938,994

Accruals and deferred income

4,200

3,600

8,851,926

10,952,594

6

Creditors: Amounts falling due after more than one year

2025
£

2024
£

Bank loans and overdrafts

2,126

12,439

7

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.