IRIS Accounts Production v25.4.0.155 OC435742 designated member 1.4.24 31.3.25 31.3.25 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC435742 2024-03-31 OC435742 2025-03-31 OC435742 2024-04-01 2025-03-31 OC435742 2023-03-31 OC435742 2023-04-01 2024-03-31 OC435742 2024-03-31 OC435742 ns15:EnglandWales 2024-04-01 2025-03-31 OC435742 ns14:PoundSterling 2024-04-01 2025-03-31 OC435742 ns10:PartnerLLP1 2024-04-01 2025-03-31 OC435742 ns10:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC435742 ns10:SmallEntities 2024-04-01 2025-03-31 OC435742 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC435742 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC435742 ns10:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC435742 ns10:FullAccounts 2024-04-01 2025-03-31 OC435742 ns10:PartnerLLP2 2024-04-01 2025-03-31 OC435742 ns10:PartnerLLP3 2024-04-01 2025-03-31 OC435742 ns10:RegisteredOffice 2024-04-01 2025-03-31 OC435742 ns5:CurrentFinancialInstruments 2025-03-31 OC435742 ns5:CurrentFinancialInstruments 2024-03-31 OC435742 ns5:RevaluationReserve 2025-03-31 OC435742 ns5:RevaluationReserve 2024-03-31 OC435742 ns5:CapitalRedemptionReserve 2025-03-31 OC435742 ns5:CapitalRedemptionReserve 2024-03-31 OC435742 ns5:RevaluationReserve 2024-03-31

REGISTERED NUMBER: OC435742 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| GROSVENOR PROPERTY PARTNERSHIP LLP |

GROSVENOR PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC435742)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

General Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

GROSVENOR PROPERTY PARTNERSHIP LLP

GENERAL INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DESIGNATED MEMBERS: | Mr T M Grosvenor

| Mrs K J M Grosvenor

| Grosvenor Property Management Limited

| REGISTERED OFFICE: | Unit 2.02 High Weald House

| Glovers End

| Bexhill

| East Sussex

| TN39 5ES

| REGISTERED NUMBER: | OC435742 (England and Wales)

| ACCOUNTANTS: | Acuity Professional Partnership LLP

| Unit 2.02 High Weald House

| Glovers End

| Bexhill

| East Sussex

| TN39 5ES

GROSVENOR PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC435742)

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 3,407,230 |  | 3,855,000 |  |

CURRENT ASSETS

Debtors | 13,708 |  | 10,435 |  |

Cash at bank | 29,522 |  | 24,650 |  |

43,230 |  | 35,085 |  |

CREDITORS

Amounts falling due within one year | 5 | 1,440 |  | 1,453 |  |

NET CURRENT ASSETS | 41,790 |  | 33,632 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 3,449,020 |  | 3,888,632 |  |

GROSVENOR PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC435742)

STATEMENT OF FINANCIAL POSITION - continued

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 6 | 42,269 |  | 33,632 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 3,235,230 |  | 3,771,000 |  |

Revaluation reserve | 7 | 172,000 |  | 84,000 |  |

Other reserves | (479 | ) | - |  |

3,449,020 |  | 3,888,632 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 6 | 42,269 |  | 33,632 |  |

Members' other interests | 3,406,751 |  | 3,855,000 |  |

Amounts due from members | (13,708 | ) | (10,435 | ) |

3,435,312 |  | 3,878,197 |  |

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 10 December 2025 and were signed by:

Mr T M Grosvenor - Designated member

GROSVENOR PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC435742)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Grosvenor Property 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 as modified by the revaluation of certain assets.

| TURNOVER

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| INVESTMENT PROPERTY

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| Fair value

| At 1 April 2024 | 3,855,000 |  |

| Additions | 6,230 |  |

| Disposals | (542,000 | ) |

| Revaluations | 88,000 |  |

| At 31 March 2025 | 3,407,230 |  |

| Net book value

| At 31 March 2025 | 3,407,230 |  |

| At 31 March 2024 | 3,855,000 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2023 | 84,000 |  |

| Valuation in 2025 | (447,770 | ) |

| Cost | 3,771,000 |  |

3,407,230 |  |

GROSVENOR PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC435742)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

2025 | 2024 |

£ | £ |

| Other creditors | 1,440 |  | 1,453 |  |

6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| This is not loan to members, this is the current accounts of designated partners.

7. | RESERVES

| Revaluation

| reserve

£ |

| At 1 April 2024 | 84,000 |  |

| Revaluation reserve | 88,000 |  |

| At 31 March 2025 | 172,000 |  |