REGISTERED NUMBER: SO307978 (Scotland)

Report of the Members and

Unaudited Financial Statements

for the Period

11 April 2024 to 30 April 2025

for

MCGRAW DEVELOPMENT LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Abridged Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

I McGraw

G F McGraw

REGISTERED OFFICE:

Suite 411 Baltic Chambers

50 Wellington Street

Glasgow

G2 6HJ

REGISTERED NUMBER:

SO307978 (Scotland)

ACCOUNTANTS:

SD Business Management

Suite 4.5 Turnberry House

175 West George Street

Glasgow

G2 2LB

The members present their report with the financial statements of the LLP for the period 11 April 2024 to 30 April 2025.

INCORPORATION

The LLP was incorporated on 11 April 2024 and commenced trading on the same date.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the period under review was that of property investment and development in Scotland.

DESIGNATED MEMBERS

The designated members during the period under review were:

I McGraw

G F McGraw

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS

The profit for the period before members' remuneration and profit shares was £34,442.

MEMBERS' INTERESTS

Each member's subscription to the capital of the LLP is determined by their share of the profit and is repayable following retirement from the LLP.

Details of changes in members' capital in the year ended 31 March 2025 are set out in the financial statements.

Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation ofthe financial statements. Members can draw a proportion of their profit shares during the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business.

ON BEHALF OF THE MEMBERS:

I McGraw - Designated member

8 January 2026

TURNOVER

46,352

Administrative expenses

13,213

33,139

Other operating income

3

OPERATING PROFIT

33,142

Interest receivable and similar income

1,300

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

34,442

FIXED ASSETS

Tangible assets

4

467,525

CURRENT ASSETS

Debtors

317

Cash at bank

86,593

86,910

CREDITORS

Amounts falling due within one year

1,500

NET CURRENT ASSETS

85,410

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

552,935

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

246,989

MEMBERS' OTHER INTERESTS

Capital accounts

305,946

552,935

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

246,989

Members' other interests

305,946

552,935

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 period ended 30 April 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 April 2025 in accordance with Section 444(2A) 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 financial statements were approved by the members of the LLP and authorised for issue on 8 January 2026 and were signed by:

I McGraw - Designated member

1.	STATUTORY INFORMATION

McGraw Development LLP is registered in Scotland. 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.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

467,525

At 30 April 2025

467,525

NET BOOK VALUE

At 30 April 2025

467,525

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

There is no provision for specific legally enforceable protection afforded to creditors in such anevent.

There are no restrictions or limitations on the ability of the members to reduce the amount of‘Members’ other interests'.

6.	ULTIMATE CONTROLLING PARTY

The LLP is controlled by George Francis McGraw and Irene McGraw.