G & V Miller LLP - LLP accounts 24.3

REGISTERED NUMBER: OC453513 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 23 AUGUST 2024 TO 31 MARCH 2025

FOR

G & V MILLER LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mr G Miller

Mrs V Miller

REGISTERED OFFICE:

Spitfire House

19 Falcon Court

Preston Farm Industrial Estate

Stockton-on-Tees

TS18 3TU

REGISTERED NUMBER:

OC453513 (England and Wales)

ACCOUNTANTS:

Baines Jewitt Limited

Chartered Accountants

Spitfire House

19 Falcon Court

Preston Farm Industrial Estate

Stockton-on-Tees

TS18 3TU

The members present their report with the financial statements of the LLP for the period 23 August 2024 to 31 March 2025.

INCORPORATION

The LLP was incorporated on 23 August 2024 and commenced trading on the same date.

DESIGNATED MEMBERS

The designated members during the period under review were:

Mr G Miller

Mrs V Miller

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS

The profit for the period before members' remuneration and profit shares was £75,180.

MEMBERS' INTERESTS

The designated members (as above) have agreed to contribute such capital as is required by the LLP and to ensure that the LLP has sufficient funds to discharge liabilities as they fall due.

ON BEHALF OF THE MEMBERS:

Mr G Miller - Designated member

9 September 2025

TURNOVER

100,262

Cost of sales

18,499

GROSS PROFIT

81,763

Administrative expenses

6,583

OPERATING PROFIT and

PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS

75,180

FIXED ASSETS

Tangible assets

4

1,004,846

CURRENT ASSETS

Debtors

5

6,887

Cash at bank

391,999

398,886

CREDITORS

Amounts falling due within one year

6

9,252

NET CURRENT ASSETS

389,634

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,394,480

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

1,394,480

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,394,480

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 period ended 31 March 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.

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 9 September 2025 and were signed by:

Mr G Miller - Designated member

Mrs V Miller - Designated member

1.	STATUTORY INFORMATION

G & V Miller 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land - no depreciation

Buildings - 25% reducing balance

Fixtures & Fittings - 25% reducing balance

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

Additions

1,004,846

At 31 March 2025

1,004,846

NET BOOK VALUE

At 31 March 2025

1,004,846

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

172

Other debtors

6,715

6,887

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1,618

Other creditors

7,634

9,252

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank pari-passu with other creditors who are unsecured save to the extent that such other creditors have protection which is legally enforceable and cannot be revoked solely by a decision of the members.