REGISTERED NUMBER: OC435742 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GROSVENOR PROPERTY PARTNERSHIP LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

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

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

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

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