Great Year Partners LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC319124 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GREAT YEAR PARTNERS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S E Townshend Esq

Mrs D M Townshend

REGISTERED OFFICE:

Invicta Business Centre

Monument Way

Orbital Park

Ashford

Kent

TN24 0HB

REGISTERED NUMBER:

OC319124 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Invicta Business Centre

Monument Way

Orbital Park

Ashford

Kent

TN24 0HB

CURRENT ASSETS

Debtors

4

17,467

14,606

Cash at bank

1,080

7,375

18,547

21,981

CREDITORS

Amounts falling due within one year

5

3,510

5,524

NET CURRENT ASSETS

15,037

16,457

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,037

16,457

CREDITORS

Amounts falling due after more than one
year

6

13,208

16,357

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,829

100

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,729

-

MEMBERS' OTHER INTERESTS

Capital accounts

100

1,829

100

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

1,729

-

Members' other interests

100

Amounts due from members

4

-

(13,290

)

1,829

(13,190

)

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 12 December 2025 and were signed by:

S E Townshend Esq - Designated member

1.	STATUTORY INFORMATION

Great Year Partners LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

17,467

14,606

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 7)

1,500

Trade creditors

1,125

-

Other creditors

885

4,024

3,510

5,524

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans (see note 7)

13,208

16,357

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,208

8,357

7.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank loans - less than 1 yr

1,500

2025

2024

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

2,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

6,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,208

8,357

The loan of £20,000 is unsecured and repayable over 10 years at an interest rate of 2.5% per annum.

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.