| REGISTERED NUMBER: |
| Report of the Members and |
| Unaudited Financial Statements |
| for the Year Ended 5 April 2025 |
| for |
| Grockle Property Solutions LLP |
| REGISTERED NUMBER: |
| Report of the Members and |
| Unaudited Financial Statements |
| for the Year Ended 5 April 2025 |
| for |
| Grockle Property Solutions LLP |
| Grockle Property Solutions LLP (Registered number: OC443116) |
| Contents of the Financial Statements |
| for the Year Ended 5 April 2025 |
| Page |
| General Information | 1 |
| Report of the Members | 2 |
| Chartered Accountants' Report | 3 |
| Income Statement | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 7 |
| Grockle Property Solutions LLP |
| General Information |
| for the Year Ended 5 April 2025 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants & Business Advisers |
| 15 Newland |
| Lincoln |
| Lincolnshire |
| LN1 1XG |
| Grockle Property Solutions LLP (Registered number: OC443116) |
| Report of the Members |
| for the Year Ended 5 April 2025 |
| The members present their report with the financial statements of the LLP for the year ended 5 April 2025. |
| PRINCIPAL ACTIVITY |
| The principal activity of the LLP in the year under review was that of rental property income. |
| DESIGNATED MEMBERS |
| The designated members during the year under review were: |
| RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
| The profit for the year before members' remuneration and profit shares was £1,855 (2024 - £3,096 loss). |
| MEMBERS' INTERESTS |
| ON BEHALF OF THE MEMBERS: |
| Chartered Accountants' Report to the Members |
| on the Unaudited Financial Statements of |
| Grockle Property Solutions LLP |
| In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Grockle Property Solutions LLP for the year ended 5 April 2025 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the members of Grockle Property Solutions LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Grockle Property Solutions LLP and state those matters that we have agreed to state to the members of Grockle Property Solutions LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grockle Property Solutions LLP and its members, as a body, for our work or for this report. |
| It is your duty to ensure that Grockle Property Solutions 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 Grockle Property Solutions LLP. You consider that Grockle Property Solutions 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 Grockle Property Solutions 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. |
| Chartered Accountants & Business Advisers |
| 15 Newland |
| Lincoln |
| Lincolnshire |
| LN1 1XG |
| Grockle Property Solutions LLP (Registered number: OC443116) |
| Income Statement |
| for the Year Ended 5 April 2025 |
| 2025 | 2024 |
| £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| 8,495 | 3,296 |
| Other operating income |
| OPERATING PROFIT |
| Interest receivable and similar income |
| 8,595 | 4,694 |
| Interest payable and similar expenses |
| PROFIT/(LOSS) FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
| Grockle Property Solutions LLP (Registered number: OC443116) |
| Balance Sheet |
| 5 April 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET ASSETS ATTRIBUTABLE TO MEMBERS | 279,652 | 279,652 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS | - | - |
| MEMBERS' OTHER INTERESTS |
| Capital accounts | 279,652 | 279,652 |
| 279,652 | 279,652 |
| TOTAL MEMBERS' INTERESTS |
| Members' other interests | 279,652 | 279,652 |
| Amounts due from members | 5 | (10,365 | ) | (12,344 | ) |
| 269,287 | 267,308 |
| 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. |
| Grockle Property Solutions LLP (Registered number: OC443116) |
| Balance Sheet - continued |
| 5 April 2025 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| Grockle Property Solutions LLP (Registered number: OC443116) |
| Notes to the Financial Statements |
| for the Year Ended 5 April 2025 |
| 1. | STATUTORY INFORMATION |
| Grockle Property Solutions 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 |
| 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 |
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
| Freehold buildings | Nil |
| Leasehold land and buildings | Nil |
| Plant and machinery | 25% RB |
| Financial instruments |
| The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. |
| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date. |
| Provisions |
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
| Members' capital |
| Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP |
| to repay the capital to members, even if that obligation is conditional. |
| Division of profits |
| Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account. |
| Taxation |
| Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was NIL (2024 - NIL). |
| Grockle Property Solutions LLP (Registered number: OC443116) |
| Notes to the Financial Statements - continued |
| for the Year Ended 5 April 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and |
| property | machinery | Totals |
| £ | £ | £ |
| COST |
| At 6 April 2024 |
| and 5 April 2025 |
| DEPRECIATION |
| At 6 April 2024 |
| Charge for year |
| At 5 April 2025 |
| NET BOOK VALUE |
| At 5 April 2025 |
| At 5 April 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Other creditors |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Includes mortgage on property |