REGISTERED NUMBER: OC385327 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

CGP Residential Sales LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Apricus Property Limited

Belmont Properties (Shrewsbury) Limited

Kingsland Meadow Property Limited

REGISTERED OFFICE:

3 Barker Street

Shrewsbury

SY1 1QF

REGISTERED NUMBER:

OC385327 (England and Wales)

FIXED ASSETS

Tangible assets

4

16,057

18,733

CURRENT ASSETS

Stocks

42,123

37,898

Debtors

5

146,732

107,293

Cash at bank

93,594

53,054

282,449

198,245

CREDITORS

Amounts falling due within one year

6

50,200

40,462

NET CURRENT ASSETS

232,249

157,783

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

248,306

176,516

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

248,306

176,516

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

248,306

176,516

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 Sales 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 fixed assets, less their estimated residual value, over their expected useful lives on the following bases.

Property improvements - 10% straight line

Motor vehicles - 25% reducing balance

Fixtures & fittings - 25% reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

103,713

Additions

2,663

At 31 March 2025

106,376

DEPRECIATION

At 1 April 2024

84,980

Charge for year

5,339

At 31 March 2025

90,319

NET BOOK VALUE

At 31 March 2025

16,057

At 31 March 2024

18,733

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

134,192

85,611

Other debtors

12,540

21,682

146,732

107,293

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

-

22,830

Taxation and social security

32,081

9,347

Other creditors

18,119

8,285

50,200

40,462

7.

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.

8.	RELATED PARTY TRANSACTIONS

Belmont Properties (Shrewsbury) Limited and Kingsland Meadow Property Limited, who are members of this partnership, are members of CGP Residential Lettings LLP. During the period ending 31 March 2025 CGP Residential Sales LLP recharged CGP Residential Lettings LLP £24,664 (2024: £14,435) in respect of direct and shared overheads. At 31 March 2025 £387 (2024: £18,642) was due from CGP Residential Lettings LLP.