REGISTERED NUMBER: OC442811 (England and Wales)

GM DEN LAB LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

General Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DESIGNATED MEMBERS:

Dr G S Mehta

Ms N R D S Reinolds

G Mehta Ltd

REGISTERED OFFICE:

Landgate Chambers

24 Landgate

Rye

East Sussex

TN31 7LJ

REGISTERED NUMBER:

OC442811 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

Landgate Chambers

24 Landgate

Rye

East Sussex

TN31 7LJ

FIXED ASSETS

Tangible assets

4

307,886

111,249

CURRENT ASSETS

Debtors

5

10,821

51,076

Cash at bank

36,408

-

47,229

51,076

CREDITORS

Amounts falling due within one year

6

140,243

75,253

NET CURRENT LIABILITIES

(93,014

)

(24,177

)

TOTAL ASSETS LESS CURRENT LIABILITIES

214,872

87,072

CREDITORS

Amounts falling due after more than one year

7

189,679

63,342

NET ASSETS ATTRIBUTABLE TO MEMBERS

25,193

23,730

LOANS AND OTHER DEBTS DUE TO MEMBERS

25,193

23,730

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

25,193

23,730

Amounts due from members

5

(9,354

)

(50,716

)

15,839

(26,986

)

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 22 December 2025 and were signed by:

Dr G S Mehta - Designated member

1.	STATUTORY INFORMATION

GM Den Lab 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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

5% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

-

11,078

152,027

163,105

Additions

240,710

-

-

240,710

At 31 March 2025

240,710

11,078

152,027

403,815

DEPRECIATION

At 1 April 2024

-

1,927

49,929

51,856

Charge for year

20,059

1,927

22,087

44,073

At 31 March 2025

20,059

3,854

72,016

95,929

NET BOOK VALUE

At 31 March 2025

220,651

7,224

80,011

307,886

At 31 March 2024

-

9,151

102,098

111,249

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

360

360

Other debtors

10,461

50,716

10,821

51,076

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,779

471

Hire purchase contracts

20,012

17,804

Trade creditors

2,314

2,160

Amounts owed to associates

37,925

48,310

Taxation and social security

748

4,883

Other creditors

67,465

1,625

140,243

75,253

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

146,349

-

Hire purchase contracts

43,330

63,342

189,679

63,342

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

93,589

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

158,128

-

Barclays Bank Limited holds a fixed charge over the freehold property and contains a negative pledge.

9.	RELATED PARTY DISCLOSURES

At the date of these financial statements exists loans owed to companies with a common directorship to the amount of £37,565 (2024: £47,950). The loans are free of interest and have no fixed terms for repayment.