G&C Doherty Property LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC432276

G&C Doherty Property LLP

Filleted Unaudited Financial Statements

31 March 2025

G&C Doherty Property LLP

Financial Statements

Year ended 31 March 2025

Contents	Page

Designated members and professional advisers	1

Members' report	2

Report to the members on the preparation of the unaudited statutory financial statements	3

Statement of financial position	4

Notes to the financial statements	6

G&C Doherty Property LLP

Designated Members and Professional Advisers

Designated members	Mr D Doherty
	Ms L K Farrar

Registered office	25 Burnlee Road
	Holmfirth
	West Yorkshire
	HD9 2LF

Accountants	G&T Accountancy Services Ltd
	Chartered accountants
	Denby Dale Business Park
	Wakefield Road
	Denby Dale
	Huddersfield
	West Yorkshire
	HD8 8QH

G&C Doherty Property LLP

Members' Report

Year ended 31 March 2025

The members present their report and the unaudited financial statements of the LLP for the year ended 31 March 2025 .

Principal activities

The principal activity of the company during the year was that of property management.

Designated members

The designated members who served the LLP during the year were as follows:

Mr D Doherty
Ms L K Farrar

Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.

This report was approved by the members on 17 December 2025 and signed on behalf of the members by:

Mr D Doherty

Designated Member

Registered office:

25 Burnlee Road

Holmfirth

West Yorkshire

HD9 2LF

G&C Doherty Property LLP

Report to the Members on the Preparation of the Unaudited Statutory Financial Statements of G&C Doherty Property LLP

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of G&C Doherty Property LLP for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the LLP's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the members of G&C Doherty Property LLP, as a body, in accordance with the terms of our engagement letter dated 5 April 2024. Our work has been undertaken solely to prepare for your approval the financial statements of G&C Doherty Property LLP and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G&C Doherty Property LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that G&C Doherty Property LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of G&C Doherty Property LLP. You consider that G&C Doherty Property LLP is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of G&C Doherty Property LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

G&T Accountancy Services Ltd Chartered accountants

Denby Dale Business Park Wakefield Road Denby Dale Huddersfield West Yorkshire HD8 8QH

17 December 2025

G&C Doherty Property LLP

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		153,882	158,776

Current assets

Debtors	5	69,914	16,698
Cash at bank and in hand		18,319	42,783
		--------	--------
		88,233	59,481

Creditors: amounts falling due within one year	6	65,396		38,259
		--------		--------
Net current assets			22,837	21,222
			---------	---------
Total assets less current liabilities			176,719	179,998
			---------	---------
Net assets			176,719	179,998
			---------	---------

Represented by:

Loans and other debts due to members

Other amounts	7	176,719	179,998
		---------	---------

Members' other interests

Other reserves	–	–
	---------	---------
	176,719	179,998
	---------	---------

Total members' interests

Amounts due from members		(62,414)	(798)
Loans and other debts due to members	7	176,719	179,998
Members' other interests		–	–
		---------	---------
		114,305	179,200
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

G&C Doherty Property LLP

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the members and authorised for issue on 17 December 2025 , and are signed on their behalf by:

Mr D Doherty

Designated Member

Registered number: OC432276

G&C Doherty Property LLP

Notes to the Financial Statements

Year ended 31 March 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is 25 Burnlee Road, Holmfirth, West Yorkshire, HD9 2LF.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP 2018).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant & machinery	-	25% straight line
Fixtures & fittings	-	15% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.

4.	Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	167,246	5,572	3,080	333	176,231
Additions	–	–	–	224	224
	---------	-------	-------	----	---------
At 31 March 2025	167,246	5,572	3,080	557	176,455
	---------	-------	-------	----	---------
Depreciation
At 1 April 2024	13,380	2,061	1,848	166	17,455
Charge for the year	3,345	1,171	462	140	5,118
	---------	-------	-------	----	---------
At 31 March 2025	16,725	3,232	2,310	306	22,573
	---------	-------	-------	----	---------
Carrying amount
At 31 March 2025	150,521	2,340	770	251	153,882
	---------	-------	-------	----	---------
At 31 March 2024	153,866	3,511	1,232	167	158,776
	---------	-------	-------	----	---------

5.	Debtors

	2025	2024
	£	£
Trade debtors	7,500	15,900
Other debtors	62,414	798
	--------	--------
	69,914	16,698
	--------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	61,994	35,745
Social security and other taxes	2,577	1,689
Other creditors	825	825
	--------	--------
	65,396	38,259
	--------	--------

7.	Loans and other debts due to members

	2025	2024
	£	£
Loans from members	175,350	175,350
Amounts owed to members in respect of profits	1,369	4,648
	---------	---------
	176,719	179,998
	---------	---------