REGISTERED NUMBER: OC436115 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

GKT Property LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

T J Charlton

Miss K L Charlton

G D Charlton

REGISTERED OFFICE:

The Magpies

Mill Road

Radstock

Somerset

BA3 3PX

REGISTERED NUMBER:

OC436115 (England and Wales)

ACCOUNTANTS:

Kingscote Accountancy Limited

77-81 Alma Road

Clifton

Bristol

BS8 2DP

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

DESIGNATED MEMBERS

The designated members during the year under review were:

T J Charlton

Miss K L Charlton

G D Charlton

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £85,108 (2024 - £72,617 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

G D Charlton - Designated member

30 December 2025

TURNOVER

100,487

99,975

Administrative expenses

12,258

19,574

OPERATING PROFIT

4

88,229

80,401

Interest payable and similar expenses

3,121

7,784

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

85,108

72,617

FIXED ASSETS

Tangible assets

5

1,024,967

1,024,663

CURRENT ASSETS

Debtors

6

12

10,999

Cash at bank

56,099

24,331

56,111

35,330

CREDITORS

Amounts falling due within one year

7

20,812

28,521

NET CURRENT ASSETS

35,299

6,809

TOTAL ASSETS LESS CURRENT LIABILITIES

1,060,266

1,031,472

CREDITORS

Amounts falling due after more than one year

8

53,090

53,092

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,007,176

978,380

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

1,007,176

978,380

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

1,007,176

978,380

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 30 December 2025 and were signed by:

G D Charlton - Designated member

1.	STATUTORY INFORMATION

GKT Property 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.

Plant and machinery etc

-

25% on reducing balance

3.	EMPLOYEE INFORMATION

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

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

989

888

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

1,022,000

3,672

1,025,672

Additions

-

1,293

1,293

At 31 March 2025

1,022,000

4,965

1,026,965

DEPRECIATION

At 1 April 2024

-

1,009

1,009

Charge for year

-

989

989

At 31 March 2025

-

1,998

1,998

NET BOOK VALUE

At 31 March 2025

1,022,000

2,967

1,024,967

At 31 March 2024

1,022,000

2,663

1,024,663

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

12

10,999

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

20,812

28,521

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

53,090

53,092

Amounts falling due in more than five years:

Repayable by instalments

Other loans (mortgage)

53,090

53,092

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans due to Members rank after other creditors.