The Greig & Greig Partnership LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC349131 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Greig & Greig Partnership LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M Thomas Greig

Casa Italia Ltd

REGISTERED OFFICE:

Studio 11 92 Lots Road

London

SW10 0QD

REGISTERED NUMBER:

OC349131 (England and Wales)

ACCOUNTANTS:

London Corporate Management Limited

Linen Hall

162-168 Regent Street

Room 252-254

London

W1B 5TB

FIXED ASSETS

Intangible assets

4

3,628

Tangible assets

5

98,255

101,883

CURRENT ASSETS

Debtors

6

16,220

27,316

Cash at bank

1,106,405

1,194,887

1,122,625

1,222,203

CREDITORS

Amounts falling due within one year

7

320,872

439,560

NET CURRENT ASSETS

801,753

782,643

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

903,636

884,526

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

731,556

712,446

MEMBERS' OTHER INTERESTS

Capital accounts

172,080

903,636

884,526

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

731,556

712,446

Members' other interests

172,080

903,636

884,526

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 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 4 December 2025 and were signed by:

M Thomas Greig - Designated member

1.	STATUTORY INFORMATION

The Greig & Greig Partnership 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.

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.

Patents and licences 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.

3.	EMPLOYEE INFORMATION

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

3,628

NET BOOK VALUE

At 31 March 2025

3,628

At 31 March 2024

3,628

5.	TANGIBLE FIXED ASSETS

Freehold

Motor

property

vehicles

Totals

£

COST

At 1 April 2024

and 31 March 2025

97,000

3,138

100,138

DEPRECIATION

At 1 April 2024

and 31 March 2025

-

1,883

NET BOOK VALUE

At 31 March 2025

97,000

1,255

98,255

At 31 March 2024

97,000

1,255

98,255

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

16,220

27,153

VAT

-

163

16,220

27,316

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Loans

34,593

163,889

R Greig Loan

245,645

Trade creditors

30,067

24,314

VAT

75

-

Other creditors

10,492

5,712

320,872

439,560

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

Amounts owed to members in respect of profits

731,556

712,446

Falling due within one year

731,556

712,446

The loans and debts due to members rank below other creditors.