GNVPrice LLP OC418580 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Property Investment Digita Accounts Production Advanced 6.30.9574.0 OC418580 2024-04-01 2025-03-31 OC418580 2025-03-31 OC418580 core:OtherReservesSubtotal 2025-03-31 OC418580 core:CurrentFinancialInstruments 2025-03-31 OC418580 core:Non-currentFinancialInstruments 2025-03-31 OC418580 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 OC418580 core:WithinOneYear 2025-03-31 OC418580 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 OC418580 core:OfficeEquipment 2025-03-31 OC418580 core:PlantMachinery 2025-03-31 OC418580 bus:SmallEntities 2024-04-01 2025-03-31 OC418580 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC418580 bus:FilletedAccounts 2024-04-01 2025-03-31 OC418580 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC418580 bus:RegisteredOffice 2024-04-01 2025-03-31 OC418580 bus:PartnerLLP1 2024-04-01 2025-03-31 OC418580 bus:PartnerLLP3 2024-04-01 2025-03-31 OC418580 bus:PartnerLLP4 2024-04-01 2025-03-31 OC418580 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC418580 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC418580 core:OfficeEquipment 2024-04-01 2025-03-31 OC418580 core:PlantMachinery 2024-04-01 2025-03-31 OC418580 countries:AllCountries 2024-04-01 2025-03-31 OC418580 2024-03-31 OC418580 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 OC418580 core:OfficeEquipment 2024-03-31 OC418580 core:PlantMachinery 2024-03-31 OC418580 2023-09-01 2024-03-31 OC418580 2024-03-31 OC418580 core:OtherReservesSubtotal 2024-03-31 OC418580 core:CurrentFinancialInstruments 2024-03-31 OC418580 core:Non-currentFinancialInstruments 2024-03-31 OC418580 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 OC418580 core:WithinOneYear 2024-03-31 OC418580 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 OC418580 core:OfficeEquipment 2024-03-31 OC418580 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure

Registration number: OC418580

GNVPrice LLP

Unaudited Financial Statements

for the Year Ended 31 March 2025

 

GNVPrice LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 5

Balance Sheet

2

Notes to the Financial Statements

4

 

GNVPrice LLP

Limited liability partnership information

Designated members

Mrs V M Price

Mr D W Price

Mr S G Price
 

Registered office

7-9 Macon Court
Crewe
Cheshire
CW1 6EA

Accountants

Alextra Group Limited
Certified Chartered Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

GNVPrice LLP

(Registration number: OC418580)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

3

1,752,533

1,752,762

Current assets

 

Debtors

4

4,309

1,424

Cash and short-term deposits

 

19,556

22,074

 

23,865

23,498

Creditors: Amounts falling due within one year

5

(4,381)

(3,769)

Net current assets

 

19,484

19,729

Total assets less current liabilities

 

1,772,017

1,772,491

Creditors: Amounts falling due after more than one year

6

(1,592,500)

(1,592,500)

Net assets attributable to members

 

179,517

179,991

Represented by:

 

Members’ other interests

 

Members' capital classified as equity

 

138,368

160,097

Other reserves

 

41,149

19,894

 

179,517

179,991

   

179,517

179,991

Total members' interests

 

Equity

 

179,517

179,991

   

179,517

179,991

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 in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

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.

The financial statements of GNVPrice LLP (registered number OC418580) were approved by the Board and authorised for issue on 27 July 2025. They were signed on behalf of the limited liability partnership by:

 

GNVPrice LLP

(Registration number: OC418580)
Balance Sheet as at 31 March 2025

.........................................
Mrs V M Price
Designated member

   
 

GNVPrice 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 and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

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 GNVPrice 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.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Tangible fixed assets

Individual fixed assets costing £250.00 or more are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% straight line basis

Office equipment

3 year straight line basis

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 3 (2024 - 3).

 

GNVPrice LLP

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

3

Tangible fixed assets

Freehold land and buildings
£

Plant and machinery
 £

Office equipment
 £

Total
£

Cost

At 1 April 2024

1,752,222

273

565

1,753,060

At 31 March 2025

1,752,222

273

565

1,753,060

Depreciation

At 1 April 2024

-

188

110

298

Charge for the year

-

41

188

229

At 31 March 2025

-

229

298

527

Net book value

At 31 March 2025

1,752,222

44

267

1,752,533

At 31 March 2024

1,752,222

85

455

1,752,762

Revaluation

The fair value of the limited liability partnership's land and buildings was valued on 14 August 2017 by an independent valuer. The name and qualification of the independent valuer are Barnes & Barnes Chartered Surveyors & Valuers.
 

4

Debtors

2025
£

2024
£

Other debtors

4,309

1,424

Total current trade and other debtors

4,309

1,424

5

Creditors: Amounts falling due within one year

2025
£

2024
£

Trade creditors

-

876

Other creditors

4,381

2,893

4,381

3,769

6

Creditors: Amounts falling due after more than one year

2025
£

2024
£

Other creditors

1,592,500

1,592,500