Granite Self Storage LLP

	Page
LLP Information	1
Members' Report	2
Accountant's Report	3
Profit and Loss Account	4
Balance Sheet	5—6
Notes to the Financial Statements	7—8

Page 1

Page 2

Registered No. OC434407

Members' Report For The Year Ended 31 March 2025

Members' Report

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

Principal Activity

The LLP's principal activity continues to be that of container storage.

Members

The designated members who held office during the year were as follows:

Mr Ian Lipman

Mr Kenneth Owen

Statement of Members' Responsibilities

The members are responsible for preparing the financial statements in accordance with applicable law and regulations.Company law as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law as applied to Limited Liability Partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss for that period. In preparing the financial statements the members are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The members are responsible for the maintenance and integrity of the corporate and financial information included on the LLP's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Signed on behalf of the members by

Mr Ian Lipman

Designated Member

17/12/2025

Page 2

Page 3

Granite Self Storage LLP

Accountant's Report

For The Year Ended 31 March 2025

Accountant's Report

Report to the partners on the preparation of the unaudited statutory accounts of Granite Self Storage LLP for the year ended 31 March 2025

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, I have prepared for your approval the accounts of Granite Self Storage LLP which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the partnership’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the partners of Granite Self Storage LLP, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Granite Self Storage LLP and state those matters that we have agreed to state to the partners of Granite Self Storage LLP, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://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 Granite Self Storage LLP and its partners as a body for our work or for this report.

It is your duty to ensure that Granite Self Storage LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Granite Self Storage LLP. You consider that Granite Self Storage 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 accounts of Granite Self Storage 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 financial statements.

17/12/2025

VP Associates

39a Joel Street

Northwood Hills

HA6 1NZ

Page 3

Page 4

Granite Self Storage LLP

Profit and Loss Account

For The Year Ended 31 March 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		248,985	242,459

GROSS PROFIT		248,985	242,459

Administrative expenses		(123,731 )	(130,362 )

OPERATING PROFIT		125,254	112,097
Other interest receivable and similar income		8	13
Interest payable and similar charges		(1,951 )	(41 )

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS		123,311	112,069

The notes on pages 7 to 8 form part of these financial statements.

Page 4

Page 5

Granite Self Storage LLP

Balance Sheet

As At 31 March 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,437,114		1,353,457

			1,437,114		1,353,457
CURRENT ASSETS
Debtors	5	11,628		7,497
Cash at bank and in hand		3,298		5,644

		14,926		13,141
Creditors: Amounts Falling Due Within One Year	6	(16,899 )		(35,996 )

NET CURRENT ASSETS (LIABILITIES)			(1,973 )		(22,855 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,435,141		1,330,602

NET ASSETS ATTRIBUTABLE TO MEMBERS			1,435,141		1,330,602

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		1,311,830		1,218,533
Other amounts		123,311		112,069

			1,435,141		1,330,602

			1,435,141		1,330,602

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			1,435,141		1,330,602

			1,435,141		1,330,602

Page 5

Page 6

Granite Self Storage LLP

Balance Sheet (continued)

As At 31 March 2025

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 applicable to LLPs subject to the small LLPs regime.)

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 accounts.

These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

On behalf of the members

Mr Ian Lipman Designated Member	Mr Kenneth Owen Designated Member
17/12/2025

The notes on pages 7 to 8 form part of these financial statements.

Page 6

Page 7

Granite Self Storage LLP

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Granite Self Storage LLP is a limited liability partnership, incorporated in England & Wales, registered number OC434407 . The Registered Office is Unit 21, Shifnal Industrial Estate, Lamledge Lane, Shifnal, TF11 8SD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	897,621	453,832	5,333	840	1,357,626
Additions	80,000	3,895	-	-	83,895

As at 31 March 2025	977,621	457,727	5,333	840	1,441,521

Depreciation
As at 1 April 2024	-	-	3,683	486	4,169
Provided during the period	-	-	150	88	238

As at 31 March 2025	-	-	3,833	574	4,407

Net Book Value
As at 31 March 2025	977,621	457,727	1,500	266	1,437,114

As at 1 April 2024	897,621	453,832	1,650	354	1,353,457

Page 7

Page 8

Granite Self Storage LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	8,123	5,645
Other debtors	3,505	1,852

	11,628	7,497

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,023	-
Other creditors	8,463	30,687
Taxation and social security	6,413	5,309

	16,899	35,996

Page 8

Designated Members	Mr Ian Lipman
	Mr Kenneth Owen

LLP Registration Number	OC434407

Registered Office	Unit 21
	Shifnal Industrial Estate
	Lamledge Lane
	Shifnal
	TF11 8SD

Accountants	VP Associates
	39a Joel Street
	Northwood Hills
	HA6 1NZ