REGISTERED NUMBER: OC421431 (England and Wales)

GECO PROPERTY LLP

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A Wagner

D Wagner

Mrs G A Wagner

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

HA1 3EX

REGISTERED NUMBER:

OC421431 (England and Wales)

ACCOUNTANTS:

Albury Associates Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

2,019

4,606

CURRENT ASSETS

Stocks

2,892,836

2,892,836

Debtors

5

88,450

68,823

Cash at bank

6,365

28,711

2,987,651

2,990,370

CREDITORS

Amounts falling due within one year

6

6,209

7,609

NET CURRENT ASSETS

2,981,442

2,982,761

TOTAL ASSETS LESS CURRENT LIABILITIES

2,983,461

2,987,367

CREDITORS

Amounts falling due after more than one year

7

1,835,361

2,100,253

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,148,100

887,114

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

1,148,100

887,114

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

1,148,100

887,114

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 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 25 September 2025 and were signed by:

D Wagner - Designated member

1.	STATUTORY INFORMATION

Geco Property 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.

Turnover is recognised when the properties are occupied.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cash at bank and in hand

Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

18,859

DEPRECIATION

At 1 April 2024

14,253

Charge for year

2,587

At 31 March 2025

16,840

NET BOOK VALUE

At 31 March 2025

2,019

At 31 March 2024

4,606

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

88,450

68,823

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

6,209

7,609

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

1,835,361

2,100,253

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

1,148,100

887,114

Falling due within one year

1,148,100

887,114

Loan and other debts due to members rank in subordination to Other Creditors. Other Creditors are unsecured. There are no restrictions on the ability of the Members to reduce the amounts of Members other interests.

9.	RELATED PARTY DISCLOSURES

At the year-end date, included within other debtors, is an amount of £87,741 (2024: £68,134) owed from Deezed Limited. A company in which D Wagner is the controlling party. This amount is unsecured, interest free and payable on demand.

At the year-end date, included within other creditors, is an amount of £Nil (2024: £121) owed to Arnold Wagner Consulting Limited. A company in which A Wagner is the controlling party. This amount is unsecured, interest free and payable on demand.