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REGISTERED NUMBER: OC349373 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GREMOLATA LLP

GREMOLATA LLP (REGISTERED NUMBER: OC349373)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

General Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

GREMOLATA LLP

GENERAL INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DESIGNATED MEMBERS: | R Webster-Shaw

| J Jones

| P L Hilferty

| C J Bousfield

| REGISTERED OFFICE: | 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

| REGISTERED NUMBER: | OC349373 (England and Wales)

| ACCOUNTANTS: | MGR Weston Kay LLP

| Chartered Accountants

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

GREMOLATA LLP (REGISTERED NUMBER: OC349373)

BALANCE SHEET

31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 3 | 40,517 |  | 26,234 |  |

CURRENT ASSETS

Stocks | 24,230 |  | 18,505 |  |

Debtors | 4 | 34,704 |  | 22,285 |  |

Cash at bank and in hand | 274,405 |  | 272,963 |  |

333,339 |  | 313,753 |  |

CREDITORS

Amounts falling due within one year | 5 | (197,126 | ) | (199,917 | ) |

NET CURRENT ASSETS | 136,213 |  | 113,836 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 176,730 |  | 140,070 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 7 | 176,730 |  | 140,070 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 7 | 176,730 |  | 140,070 |  |

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.

GREMOLATA LLP (REGISTERED NUMBER: OC349373)

BALANCE SHEET - continued

31 MARCH 2025

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 13 November 2025 and were signed by:

R Webster-Shaw - Designated member

GREMOLATA LLP (REGISTERED NUMBER: OC349373)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | ACCOUNTING POLICIES

| Accounting convention

| 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 statements are prepared in sterling, which is the functional currency of the limited liability partnership.

| Monetary amounts in these financial statements are rounded to the nearest £.

| Turnover

| Turnover represents amounts receivable for food and beverages sold net of VAT. Turnover is recognised at the point of sale to the customer.

| 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 | - | evenly over the period of the lease

| Plant and machinery etc | - | 25% Straight line

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| At each reporting period end date, the limited liability partnership reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price. Cost comprises direct materials and, where applicable, those overheads that have been incurred in bringing the stocks to their present location and condition.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GREMOLATA LLP (REGISTERED NUMBER: OC349373)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

1. | ACCOUNTING POLICIES - continued

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

| The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

| Termination benefits are recognised immediately as an expense when the limited liability partnership is demonstrably commixed to terminate the employment of an employee or to provide termination benefits.

| Members' participating interests

| Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

| Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

| All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members'

| remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

2. | EMPLOYEE INFORMATION

| The average number of employees during the year was 26 (2024 - 24 ) .

GREMOLATA LLP (REGISTERED NUMBER: OC349373)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 41,656 |  | 112,982 |  | 154,638 |  |

| Additions | - |  | 30,507 |  | 30,507 |  |

| At 31 March 2025 | 41,656 |  | 143,489 |  | 185,145 |  |

| DEPRECIATION

| At 1 April 2024 | 28,983 |  | 99,421 |  | 128,404 |  |

| Charge for year | 2,083 |  | 14,141 |  | 16,224 |  |

| At 31 March 2025 | 31,066 |  | 113,562 |  | 144,628 |  |

| NET BOOK VALUE

| At 31 March 2025 | 10,590 |  | 29,927 |  | 40,517 |  |

| At 31 March 2024 | 12,673 |  | 13,561 |  | 26,234 |  |

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Other debtors | 34,704 |  | 22,285 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 49,655 |  | 48,552 |  |

| Taxation and social security | 115,861 |  | 115,419 |  |

| Other creditors | 31,610 |  | 35,946 |  |

197,126 |  | 199,917 |  |

6. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| Within one year | 119,140 |  | 71,380 |  |

| Between one and five years | 451,100 |  | 285,522 |  |

| In more than five years | - |  | 56,127 |  |

570,240 |  | 413,029 |  |

GREMOLATA LLP (REGISTERED NUMBER: OC349373)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts owed to members in respect of profits | 176,730 |  | 140,070 |  |

| Falling due within one year | 176,730 |  | 140,070 |  |

| In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

8. | LIMITED LIABILITY PARTNERSHIP INFORMATION

| Gremolata LLP is a limited liability partnership incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

| The limited liability partnership's principal activities are disclosed in the Members' Report.