GMRB LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC355264 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

GMRB LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R Baldwin

G M Morgan

REGISTERED OFFICE:

Smithy Cottage

Birks Brow

Thornley

Preston

Lancashire

PR3 2TX

REGISTERED NUMBER:

OC355264 (England and Wales)

ACCOUNTANTS:

Cresswells

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

FIXED ASSETS

Intangible assets

4

-

97,501

Tangible assets

5

-

1,245,838

-

1,343,339

CURRENT ASSETS

Stocks

-

2,440,956

Debtors

6

594,622

43,454

Cash at bank and in hand

464,774

287,799

1,059,396

2,772,209

CREDITORS

Amounts falling due within one year

7

10,401

1,900,510

NET CURRENT ASSETS

1,048,995

871,699

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,048,995

2,215,038

CREDITORS

Amounts falling due after more than one
year

8

-

423,605

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,048,995

1,791,433

LOANS AND OTHER DEBTS DUE TO
MEMBERS

1,048,895

1,791,333

MEMBERS' OTHER INTERESTS

Capital accounts

100

1,048,995

1,791,433

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

1,048,895

1,791,333

Members' other interests

100

Amounts due from members

6

(280,974

)

-

768,021

1,791,433

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 28th February 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 30th November 2025 and were signed by:

G M Morgan - Designated member

1.	STATUTORY INFORMATION

GMRB 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other are being amortised evenly over their estimated useful life of nil years.

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

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 10% on cost

Stocks

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

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 15 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1st March 2024

300,000

1

300,001

Disposals

(300,000

)

(1

)

(300,001

)

At 28th February 2025

-

AMORTISATION

At 1st March 2024

202,500

-

202,500

Charge for year

10,000

-

10,000

Eliminated on disposal

(212,500

)

-

(212,500

)

At 28th February 2025

-

NET BOOK VALUE

At 28th February 2025

-

At 29th February 2024

97,500

1

97,501

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1st March 2024

1,604,352

153,829

1,758,181

Disposals

(1,604,352

)

(153,829

)

(1,758,181

)

At 28th February 2025

-

DEPRECIATION

At 1st March 2024

380,170

132,173

512,343

Charge for year

21,328

3,138

24,466

Eliminated on disposal

(401,498

)

(135,311

)

(536,809

)

At 28th February 2025

-

NET BOOK VALUE

At 28th February 2025

-

At 29th February 2024

1,224,182

21,656

1,245,838

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

15,641

Other debtors

594,622

27,813

594,622

43,454

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

77,143

Trade creditors

8,476

1,465,864

Taxation and social security

-

6,286

Other creditors

1,925

351,217

10,401

1,900,510

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

-

423,605

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

115,033