REGISTERED NUMBER: OC449641 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

25 OCTOBER 2023 TO 5 APRIL 2025

FOR

GARMENT GLASGOW LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Sammy Real Estate Investments Ltd

South Eastern Road Investments Limited

REGISTERED OFFICE:

First Floor Winston House

349 Regents Park Road

London

N3 1DH

REGISTERED NUMBER:

OC449641 (England and Wales)

ACCOUNTANTS:

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

FIXED ASSETS

Investment property

4

16,788,826

CURRENT ASSETS

Debtors

5

173,790

Cash at bank

461,359

635,149

CREDITORS

Amounts falling due within one year

6

508,475

NET CURRENT ASSETS

126,674

TOTAL ASSETS LESS CURRENT LIABILITIES

16,915,500

CREDITORS

Amounts falling due after more than one year

7

7,830,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

9,085,500

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

MEMBERS' OTHER INTERESTS

Capital accounts

9,085,500

9,085,500

TOTAL MEMBERS' INTERESTS

Members' other interests

9,085,500

Amounts due from members

5

(22,407

)

9,063,093

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 5 August 2025 and were signed by:

South Eastern Road Investments Limited - Designated member

1.	STATUTORY INFORMATION

Garment Glasgow 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.

The financial statement has been prepared for a period of more than 12 months as it is the first period of accounts.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income represents the rental income receivable under the terms of the underlying lease agreements and similar income receivable, up to the balance sheet date.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Bank

Client accounts are being treated as bank accounts. All risks and rewards lie with Garment Glasgow LLP.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

16,788,826

At 5 April 2025

16,788,826

NET BOOK VALUE

At 5 April 2025

16,788,826

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

13,920

Other debtors

159,870

173,790

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

82,150

Other creditors

426,325

508,475

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

7,830,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,830,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

7,830,000