Guardian Preservation Services LLP

REGISTERED NUMBER: OC306329 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Guardian Preservation Services LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Statement of Financial Position

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mrs H K Herbert

T D Herbert

REGISTERED OFFICE:

77b Queens Road

Cheltenham

GL50 2NH

REGISTERED NUMBER:

OC306329 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

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

CESSATION OF TRADING

The LLP ceased trading on 18 October 2024.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of surveyors.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mrs H K Herbert

T D Herbert

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £171,444 (2024 - £13,725 profit).

MEMBERS' INTERESTS

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

The limited liability partnership maintains a flexible policy for the subscription of capital. Members will be invited to subscribe from time to time such that the limited liability partnership maintains its desired level of debt to capital. Members' capital is repaid on retirement by agreement of the members.

ON BEHALF OF THE MEMBERS:

T D Herbert - Designated member

24 December 2025

TURNOVER

34,337

56,248

Cost of sales

3,358

18,094

GROSS PROFIT

30,979

38,154

Administrative expenses

(142,263

)

20,467

OPERATING PROFIT

173,242

17,687

Interest payable and similar expenses

1,798

3,962

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS

171,444

13,725

FIXED ASSETS

Tangible assets

4

-

109,731

CURRENT ASSETS

Debtors

5

-

61,342

Cash at bank and in hand

1,257

3,992

1,257

65,334

CREDITORS

Amounts falling due within one year

6

1,057

175,065

NET CURRENT ASSETS/(LIABILITIES)

200

(109,731

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

200

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

200

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

200

-

Amounts due from members

5

-

(59,151

)

200

(59,151

)

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 24 December 2025 and were signed by:

T D Herbert - Designated member

1.	STATUTORY INFORMATION

Guardian Preservation Services 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

-

1% on cost

Plant and machinery

-

25% on reducing balance

Computer equipment

-

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.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

Cost

At 1 April 2024

124,000

3,759

2,060

129,819

Disposals

(124,000

)

(3,759

)

(2,060

)

(129,819

)

At 31 March 2025

-

Depreciation

At 1 April 2024

14,880

3,306

1,902

20,088

Charge for year

-

113

40

153

Eliminated on disposal

(14,880

)

(3,419

)

(1,942

)

(20,241

)

At 31 March 2025

-

Net book value

At 31 March 2025

-

At 31 March 2024

109,120

453

158

109,731

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade debtors

-

2,191

Other debtors

-

59,151

-

61,342

Other debtors includes amounts due from members of £Nil (2024 - £59,151).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts

-

78,281

Trade creditors

144

730

Taxation and social security

(143

)

904

Other creditors

1,056

95,150

1,057

175,065

7.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

Bank loans

-

78,281

The bank loan was secured by fixed and floating charges over the LLP assets including the freehold property.

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31/3/25

31/3/24

£

Amounts owed to members in respect of profits

200

-

Falling due within one year

200

-

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

9.	RELATED PARTY DISCLOSURES

Guardian Waterproofing Limited

A company controlled by T D Herbert and Mrs H K Herbert

During the year, the company charged management fees to the LLP of £Nil (2024 - £8,000).

The LLP had borrowed funds from the company. At 31 March 2025, the LLP owed the company £Nil (2024 - £93,577). The loan was interest free and had no fixed repayment terms.