REGISTERED NUMBER: OC420671 (England and Wales)

Groomes LLP

Financial Statements for the Year Ended 31st March 2025

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

D C Comber

P Dale

REGISTERED OFFICE:

2 Oriel Court

Omega Park

Alton

Hampshire

GU34 2YT

REGISTERED NUMBER:

OC420671 (England and Wales)

ACCOUNTANTS:

Sheen Stickland

Chartered Accountants

2 Oriel Court

Omega Park

Alton

Hampshire

GU34 2YT

FIXED ASSETS

Tangible assets

4

1,938,414

1,897,476

CURRENT ASSETS

Debtors

5

3,369

3,516

Cash at bank

10,760

21,378

14,129

24,894

CREDITORS

Amounts falling due within one year

6

93,299

95,364

NET CURRENT LIABILITIES

(79,170

)

(70,470

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,859,244

1,827,006

CREDITORS

Amounts falling due after more than one year

7

218,611

209,637

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,640,633

1,617,369

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

140,633

117,369

MEMBERS' OTHER INTERESTS

Capital accounts

1,500,000

1,500,000

1,640,633

1,617,369

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

140,633

117,369

Members' other interests

1,500,000

1,500,000

1,640,633

1,617,369

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 31st 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 9th December 2025 and were signed by:

P Dale - Designated member

1.	STATUTORY INFORMATION

Groomes 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

1,883,680

19,693

1,903,373

Additions

-

59,381

59,381

At 31st March 2025

1,883,680

79,074

1,962,754

DEPRECIATION

At 1st April 2024

-

5,897

5,897

Charge for year

-

18,443

18,443

At 31st March 2025

-

24,340

24,340

NET BOOK VALUE

At 31st March 2025

1,883,680

54,734

1,938,414

At 31st March 2024

1,883,680

13,796

1,897,476

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

3,369

3,516

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

699

17,164

Other creditors

92,600

78,200

93,299

95,364

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

218,611

209,637

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' capital and loans and other debts due to members rank after other creditors on a winding up.