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REGISTERED NUMBER: OC443116 (England and Wales)






















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: Mr D I Tidd
Mrs L A Tidd





REGISTERED OFFICE: 119 York Road
Broadstone
Dorset
BH18 8ER





REGISTERED NUMBER: OC443116 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
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:

Mr D I Tidd
Mrs L A Tidd

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:





Mr D I Tidd - Designated member


5 June 2025

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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


5 June 2025

Grockle Property Solutions LLP (Registered number: OC443116)

Income Statement
for the Year Ended 5 April 2025

2025 2024
£    £   

TURNOVER 24,813 25,450

Cost of sales 9,040 9,840
GROSS PROFIT 15,773 15,610

Administrative expenses 7,278 12,314
8,495 3,296

Other operating income - 1,398
OPERATING PROFIT 8,495 4,694

Interest receivable and similar income 100 -
8,595 4,694

Interest payable and similar expenses 6,740 7,790
PROFIT/(LOSS) FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG MEMBERS



1,855



(3,096



)

Grockle Property Solutions LLP (Registered number: OC443116)

Balance Sheet
5 April 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 540,673 542,141

CURRENT ASSETS
Debtors 5 12,371 13,041
Cash at bank 13,464 9,239
25,835 22,280
CREDITORS
Amounts falling due within one year 6 5,857 3,770
NET CURRENT ASSETS 19,978 18,510
TOTAL ASSETS LESS CURRENT LIABILITIES 560,651 560,651

CREDITORS
Amounts falling due after more than one year 7 280,999 280,999
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 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 5 April 2025.

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 have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 5 June 2025 and were signed by:




Mr D I Tidd - Designated member




Mrs L A Tidd - Designated member


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
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 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 536,271 7,853 544,124
DEPRECIATION
At 6 April 2024 - 1,983 1,983
Charge for year - 1,468 1,468
At 5 April 2025 - 3,451 3,451
NET BOOK VALUE
At 5 April 2025 536,271 4,402 540,673
At 5 April 2024 536,271 5,870 542,141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 518 -
Other debtors 11,853 13,041
12,371 13,041

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 131 131
Other creditors 5,726 3,639
5,857 3,770

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 245,999 245,999
Other creditors 35,000 35,000
280,999 280,999

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 245,999 245,999

Includes mortgage on property