Butterwick GSL Investments LLP

REGISTERED NUMBER: OC427986 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BUTTERWICK GSL INVESTMENTS LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Statement of Financial Position

4

Reconciliation of Members' Interests

5

to

6

Notes to the Financial Statements

7

DESIGNATED MEMBERS:

Arendelle Property Investments Limited

Willoughby Homes Limited

Wool Hall Investments Limited

REGISTERED OFFICE:

Wool Hall

Cross Gate

Wykeham

Spalding

PE12 6HW

REGISTERED NUMBER:

OC427986 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

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

PRINCIPAL ACTIVITY

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

DESIGNATED MEMBERS

The designated members during the year under review were:

Arendelle Property Investments Limited

Willoughby Homes Limited

Wool Hall Investments Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £1,412 (2024 - £1,488 loss).

MEMBERS' INTERESTS

The members have chosen to split the profit equally.

ON BEHALF OF THE MEMBERS:

Wool Hall Investments Limited - Designated member

21 October 2025

TURNOVER

-

Administrative expenses

1,412

1,488

OPERATING LOSS and

LOSS FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT SHARES

(1,412

)

(1,488

)

LOSS FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT SHARES

(1,412

)

(1,488

)

Members' remuneration charged as an expense

4

1,412

1,488

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR
DISCRETIONARY DIVISION AMONG MEMBERS

-

CURRENT ASSETS

Stocks

990,335

875,538

Debtors

5,252

3,840

Cash at bank

9,713

94,935

1,005,300

974,313

CREDITORS

Amounts falling due within one year

5

1,005,300

974,313

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

LOAN AND OTHER DEBTS DUE TO

MEMBERS INCLUDED IN OTHER

DEBTORS

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

(5,252

)

(3,840

)

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 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 21 October 2025 and were signed by:

Wool Hall Investments Limited - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

reserves

amounts

Total

£

Amount due to members

-

Amount due from members

(3,840

)

Balance at 1 April 2024

-

(3,840

)

(3,840

)

Members' remuneration charged as an
expense, including employment and
retirement benefit costs

-

(1,412

)

(1,412

)

Profit for the financial year available
for discretionary division among
members

-

Members' interests after profit for the
year

-

(5,252

)

(5,252

)

Amount due to members

-

Amount due from members

(5,252

)

Balance at 31 March 2025

-

(5,252

)

(5,252

)

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

reserves

amounts

Total

£

Amount due to members

-

Amount due from members

(2,352

)

Balance at 1 April 2023

-

(2,352

)

(2,352

)

Members' remuneration charged as an
expense, including employment and
retirement benefit costs

-

(1,488

)

(1,488

)

Profit for the financial year available
for discretionary division among
members

-

Members' interests after profit for the
year

-

(3,840

)

(3,840

)

Amount due to members

-

Amount due from members

(3,840

)

Balance at 31 March 2024

-

(3,840

)

(3,840

)

1.	STATUTORY INFORMATION

Butterwick GSL Investments 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.

Stocks

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

Going concern

The members are aware that the business reserves are currently negative and have agreed to support the business until such time as it makes a profit.

3.	EMPLOYEE INFORMATION

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

4.	INFORMATION IN RELATION TO MEMBERS

2025

2024

£

Members' remuneration charged as an expense

Automatic division of loss

(1,412

)

(1,488

)

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other creditors

1,005,300

974,313