| Green Ginger Property Holdings LLP |
| Registered number: |
OC376982 |
| Balance Sheet |
| as at 31 March 2025 |
|
|
| Notes |
|
2025 |
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
2,053,552 |
|
2,054,761 |
|
|
|
|
|
|
| Current assets |
| Debtors |
4 |
|
114,197 |
|
60,422 |
| Cash at bank |
5 |
|
64,973 |
|
18,568 |
|
|
|
179,170 |
|
78,990 |
|
| Creditors: amounts falling due within one year |
6 |
|
(142,708) |
|
(107,634) |
|
| Net current assets/(liabilities) |
|
|
36,462 |
|
(28,644) |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
2,090,014 |
|
2,026,117 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
(1,250,000) |
|
(1,267,420) |
|
|
| Net assets attributable to members |
840,014 |
|
758,697 |
|
|
|
|
|
|
|
| Represented by: |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
840,014 |
|
758,697 |
|
|
|
|
|
|
| Total members' interests |
|
|
840,014 |
|
758,697 |
|
|
|
|
|
|
|
| For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 4 December 2025 and signed on their behalf by: |
|
|
| Paul Denby |
| Designated member |
|
| Green Ginger Property Holdings LLP |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Investment property |
Not depreciated |
|
Leasehold land and buildings |
over the lease term |
|
Building plant and machinery |
over 10 years |
|
Office and other equipment |
over 4 or 10 years |
|
|
Investments |
|
Investments in properties are accounted for as tangible fixed assets and are measured at cost less any accumulated impairment losses. These investments are not measured at fair value as the value cannot be measured reliably and would incur an undue cost and effort in obtaining such a value. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
|
|
|
|
|
Provisions |
|
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Office equipment |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
2,047,710 |
|
109,261 |
|
12,086 |
|
2,169,057 |
|
At 31 March 2025 |
2,047,710 |
|
109,261 |
|
12,086 |
|
2,169,057 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
- |
|
109,261 |
|
5,035 |
|
114,296 |
|
Charge for the year |
- |
|
- |
|
1,209 |
|
1,209 |
|
At 31 March 2025 |
- |
|
109,261 |
|
6,244 |
|
115,505 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2024 |
2,047,710 |
|
- |
|
7,051 |
|
2,054,761 |
|
|
|
|
|
|
|
|
|
|
At 31 March 2025 |
2,047,710 |
|
- |
|
5,842 |
|
2,053,552 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
47,367 |
|
52,078 |
|
Prepayments |
|
1,044 |
|
5,908 |
|
Other debtors |
65,786 |
|
2,436 |
|
|
|
|
|
|
114,197 |
|
60,422 |
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Cash at Bank |
2025 |
|
2024 |
| £ |
£ |
|
Handelsbanken current account |
28,253 |
|
18,568 |
|
Handelsbanken deposit account |
36,720 |
|
- |
|
|
|
|
|
|
64,973 |
|
18,568 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
2,467 |
|
10,844 |
|
Other taxes and social security costs |
16,564 |
|
16,192 |
|
Rent received in advance |
18,617 |
|
14,490 |
|
Rent deposits |
40,559 |
|
41,709 |
|
Accruals |
17,205 |
|
24,399 |
|
Other creditors |
47,296 |
|
- |
|
|
|
|
|
|
142,708 |
|
107,634 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
1,250,000 |
|
1,250,000 |
|
Other loan |
- |
|
17,420 |
|
|
|
|
|
|
1,250,000 |
|
1,267,420 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
1,250,000 |
|
1,250,000 |
|
|
|
|
|
|
|
|
|
|
The loans are secured on the investment properties and a charge over two of the member's |
|
jointly-held residential property |
|
|
| 9 |
Other information |
|
|
Green Ginger Property Holdings LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
Number 10 |
|
Coldbath Square |
|
London |
|
EC1R 5HL |