REGISTERED NUMBER: OC427201 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Gusto Homes (Easthorpe) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Devonshire Avenue Developments Limited

Gusto Construction Limited

REGISTERED OFFICE:

Gusto House

Green Way

Collingham

Newark

Nottinghamshire

NG23 7DX

REGISTERED NUMBER:

OC427201 (England and Wales)

ACCOUNTANTS:

Mellor Oxland LLP

Hine House

25 Regent Street

Nottingham

Nottinghamshire

NG1 5BS

CURRENT ASSETS

Stocks

5,435,369

3,925,452

Debtors

4

18,246

16,171

Cash at bank

7,272

8,353

5,460,887

3,949,976

CREDITORS

Amounts falling due within one year

5

959,887

498,976

NET CURRENT ASSETS

4,501,000

3,451,000

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

4,501,000

3,451,000

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

4,500,000

3,450,000

MEMBERS' OTHER INTERESTS

Capital accounts

1,000

1,000

4,501,000

3,451,000

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

4,500,000

3,450,000

Members' other interests

1,000

1,000

Amounts due from members

4

(15,696

)

(13,603

)

4,485,304

3,437,397

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:

Gusto Construction Limited - Designated member

1.	STATUTORY INFORMATION

Gusto Homes (Easthorpe) 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.

Stocks

The stock figure shown in the balance sheet represents work in progress, valued at the

lower of cost and net realisable value. Cost includes all direct costs.

3.	EMPLOYEE INFORMATION

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Included in other debtors is an amount of £1,000 (2024: £1,000) in respect of unpaid members' capital.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

65,189

31,040

Other creditors

894,698

467,936

959,887

498,976

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Loans from members

4,500,000

3,450,000

Falling due after more than one year

4,500,000

3,450,000

The loan from Devonshire Avenue Developments Limited is secured by a fixed and floating

charge on the land and buildings known as the land on Easthorpe Lodge, Manor Road, Easthorpe, Nottingham NG13 0DU. (As registered at the land registry with title number LT513899.)

In event of winding up, the loan would rank at least pari passu in right and priority of payments with all its other unsecured and subordinated obligations and liabilities.