REGISTERED NUMBER: OC327997 (England and Wales)

DOUGLAS GREGG (SWANSEA) LLP

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr. A D Giles

Tregarn Holdings Limited

REGISTERED OFFICE:

11-13 Penhill Road

Cardiff

CF11 9PQ

REGISTERED NUMBER:

OC327997 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

2,170,667

1,220,106

CURRENT ASSETS

Debtors

5

113,808

9,778

Cash at bank

6,385

44,686

120,193

54,464

CREDITORS

Amounts falling due within one year

6

75,622

57,842

NET CURRENT ASSETS/(LIABILITIES)

44,571

(3,378

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,215,238

1,216,728

CREDITORS

Amounts falling due after more than one year

7

260,000

290,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,955,238

926,728

LOANS AND OTHER DEBTS DUE TO MEMBERS

1,573,102

580,102

MEMBERS' OTHER INTERESTS

Other reserves

382,136

346,626

1,955,238

926,728

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

1,573,102

580,102

Members' other interests

382,136

346,626

1,955,238

926,728

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.

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 2 October 2025 and were signed by:

Mr. A D Giles - Designated member

1.	STATUTORY INFORMATION

Douglas Gregg (Swansea) 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.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 6 April 2024

1,220,106

Additions

950,561

At 5 April 2025

2,170,667

NET BOOK VALUE

At 5 April 2025

2,170,667

At 5 April 2024

1,220,106

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

70,487

10,190

Other debtors

43,321

(412

)

113,808

9,778

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

30,000

30,000

Trade creditors

1,705

4,936

Taxation and social security

-

1,253

Other creditors

43,917

21,653

75,622

57,842

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

260,000

290,000