Cook-Gray Property Partnership LLP

REGISTERED NUMBER: OC443574 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mrs J F Gray

D W Gray

Cook-Gray Property Holdings Ltd

REGISTERED OFFICE:

c/o OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Technology Park

Billingham

TS23 4EA

REGISTERED NUMBER:

OC443574 (England and Wales)

ACCOUNTANTS:

OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Coxwold Way

Billingham

Co. Durham

TS23 4EA

The members present their report with the financial statements of the LLP for the year ended 31st March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property letting.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mrs J F Gray

D W Gray

Cook-Gray Property Holdings Ltd

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £197,377 (2024 - £268,817 profit).

MEMBERS' INTERESTS

Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares during the year in which it is made, with the balance of profits being distributed after the year end, subject to the cash requirements of the business. Capital is repaid to members on resignation or retirement. Only those members who have contributed capital to the LLP are allocated losses, if the LLP declares a loss in a period.

ON BEHALF OF THE MEMBERS:

Mrs J F Gray - Designated member

26th September 2025

TURNOVER

596,933

578,347

Administrative expenses

(237,528

)

(228,809

)

359,405

349,538

Gain/loss on revaluation of investment
property

-

80,000

OPERATING PROFIT

4

359,405

429,538

Interest payable and similar expenses

(162,028

)

(160,721

)

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

197,377

268,817

FIXED ASSETS

Tangible assets

5

6,931,405

6,930,000

CURRENT ASSETS

Debtors

44,184

-

Cash at bank

16,017

13,227

60,201

13,227

CREDITORS

Amounts falling due within one year

6

(47,660

)

(47,660

)

NET CURRENT ASSETS/(LIABILITIES)

12,541

(34,433

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,943,946

6,895,567

CREDITORS

Amounts falling due after more than one
year

7

(2,335,613

)

(2,335,614

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

4,608,333

4,559,953

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

MEMBERS' OTHER INTERESTS

Capital accounts

4,608,333

4,559,953

4,608,333

4,559,953

TOTAL MEMBERS' INTERESTS

Members' other interests

4,608,333

4,559,953

Amounts due from members

(44,184

)

-

4,564,149

4,559,953

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 31st 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 26th September 2025 and were signed by:

Mrs J F Gray - Designated member

1.	STATUTORY INFORMATION

Cook-Gray Property Partnership 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 as modified by the revaluation of certain assets.

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 and buildings

-

in accordance with the property

Plant and machinery etc

-

straight line over 3 years

3.	EMPLOYEE INFORMATION

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

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

Depreciation - owned assets

83

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1st April 2024

6,930,000

-

6,930,000

Additions

-

1,488

At 31st March 2025

6,930,000

1,488

6,931,488

DEPRECIATION

Charge for year

-

83

At 31st March 2025

-

83

NET BOOK VALUE

At 31st March 2025

6,930,000

1,405

6,931,405

At 31st March 2024

6,930,000

-

6,930,000

Cost or valuation at 31st March 2025 is represented by:

Land and

buildings

£

Valuation in 2024

80,000

Cost

6,850,000

6,930,000

Members see no benefit in revaluing the assets.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other creditors

47,660

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Other creditors

2,335,613

2,335,614

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Mortgages

2,335,613

2,335,614