REGISTERED NUMBER: OC395206 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GRANTHAM PROPERTY PARTNERSHIP LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

R W Everett

G W Everett

R L S Everett

REGISTERED OFFICE:

4 Finkin Street

Grantham

Lincolnshire

NG31 6QZ

REGISTERED NUMBER:

OC395206 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Property, plant and equipment

4

7,873

2,264

CURRENT ASSETS

Debtors

5

155,521

138,204

CREDITORS

Amounts falling due within one year

6

42,726

40,319

NET CURRENT ASSETS

112,795

97,885

TOTAL ASSETS LESS CURRENT LIABILITIES

120,668

100,149

CREDITORS

Amounts falling due after more than one year

7

120,668

100,149

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

5

(145,422

)

(126,756

)

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 18 December 2025 and were signed by:

R W Everett - Designated member

1.	STATUTORY INFORMATION

Grantham Property Partnership 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.

Revenue

Revenue represents net invoiced sales of services, excluding value added tax. Revenue from house sales is recognised on the day of exchange of contracts.

Property, plant and equipment

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

Plant and machinery etc

-

25% on cost and 20% on cost

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2024 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2024

27,926

Additions

7,095

At 31 March 2025

35,021

DEPRECIATION

At 1 April 2024

25,662

Charge for year

1,486

At 31 March 2025

27,148

NET BOOK VALUE

At 31 March 2025

7,873

At 31 March 2024

2,264

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,572

10,566

Amounts due from members

145,422

126,756

Other debtors

584

469

VAT

787

413

Prepayments and accrued income

2,156

-

155,521

138,204

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

19,884

19,684

Trade creditors

21,526

14,768

Social security and other taxes

16

3,407

Accruals and deferred income

1,300

2,460

42,726

40,319

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

4,884

4,884

Bank loans - 2-5 years

14,653

14,653

Bank loans more 5 yr by instal

757

6,106

Other creditors

100,374

74,506

120,668

100,149

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

757

6,106

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

15,000

14,800

The bank overdraft is secured on a personal guarantee by the designated members. The hire purchase creditor is secured on the assets to which it relates.

9.	OTHER FINANCIAL COMMITMENTS

At the year end the company has commitments due as follows:

2025

2024

£

£

Within one year

-

652

Between one and five years

-

-

-

652