REGISTERED NUMBER: OC385308 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

CGP Residential Lettings LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Belmont Properties (Shrewsbury) Limited

Kingsland Meadow Property Limited

REGISTERED OFFICE:

3 Barker Street

Shrewsbury

SY1 1QF

REGISTERED NUMBER:

OC385308 (England and Wales)

FIXED ASSETS

Tangible assets

4

71,096

88,179

Investment property

5

260,804

259,229

331,900

347,408

CURRENT ASSETS

Debtors

6

392,396

392,736

Cash at bank

121,494

161,043

513,890

553,779

CREDITORS

Amounts falling due within one year

7

70,220

81,562

NET CURRENT ASSETS

443,670

472,217

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

775,570

819,625

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

514,766

560,396

MEMBERS' OTHER INTERESTS

Capital accounts

260,804

259,229

775,570

819,625

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

514,766

560,396

Members' other interests

260,804

259,229

Amounts due from members

6

(17,193

)

-

758,377

819,625

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 27 December 2025 and were signed by:

Kingsland Meadow Property Limited - Designated member

1.	STATUTORY INFORMATION

CGP Residential Lettings 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

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles - 25% reducing balance

Fixtures and Fittings - 25% reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 16 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

266,288

Additions

7,183

At 31 March 2025

273,471

DEPRECIATION

At 1 April 2024

178,109

Charge for year

24,266

At 31 March 2025

202,375

NET BOOK VALUE

At 31 March 2025

71,096

At 31 March 2024

88,179

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

259,229

Additions

1,575

At 31 March 2025

260,804

NET BOOK VALUE

At 31 March 2025

260,804

At 31 March 2024

259,229

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

79,657

89,309

Other debtors

312,739

303,427

392,396

392,736

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

9,971

7,026

Taxation and social security

56,338

57,811

Other creditors

3,911

16,725

70,220

81,562

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.

9.	RELATED PARTY TRANSACTIONS

Belmont Properties (Shrewsbury) Limited and Kingsland Meadow Property Limited, who are members of this LLP, are members pf CGP Residential Sales LLP, CGP Commercial Property LLP and CGP Commercial Management LLP.

During the period ending 31 March 2025 CGP Residential Lettings LLP recharged the following amounts in respect of direct and shared overheads:

- £32,227 to CGP Commercial Property LLP

- £60,026 to CGP Commercial Management LLP

- £24,664 from CGP Residential Sales LLP

At 31 March 2025 the following loan account balances existed:

- £32,227 due from CGP Commercial Property LLP

- £60,026 due from CGP Commercial Management LLP

- £387 due to CGP Residential Sales LLP