Limited Liability Partnership registration number OC343900 (England and Wales)
GRACEWOOD GROUP LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
GRACEWOOD GROUP LLP
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
GRACEWOOD GROUP LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
14,802
22,202
Investment property
5
10,700,198
11,093,398
Investments
6
5,461,825
5,461,825
16,176,825
16,577,425
Current assets
Debtors
7
13,414,139
13,570,392
Investments
8
418,606
431,589
Cash at bank and in hand
98,744
206,405
13,931,489
14,208,386
Creditors: amounts falling due within one year
9
(5,070,995)
(5,135,920)
Net current assets
8,860,494
9,072,466
Total assets less current liabilities
25,037,319
25,649,891
Creditors: amounts falling due after more than one year
10
(6,970,229)
(7,019,750)
Net assets attributable to members
18,067,090
18,630,141
Represented by:
Loans and other debts due to members within one year
11
Amounts due in respect of profits
638,635
523,386
Other amounts
12,992,214
13,462,971
13,630,849
13,986,357
Members' other interests
11
Other reserves classified as equity
4,436,241
4,643,784
18,067,090
18,630,141
GRACEWOOD GROUP LLP
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 27 April 2026 and are signed on their behalf by:
27 April 2026
Michael Docker
Designated member
Limited Liability Partnership registration number OC343900 (England and Wales)
GRACEWOOD GROUP LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Limited liability partnership information

Gracewood Group LLP is a limited liability partnership incorporated in England and Wales. The registered office is 166 College Road, Harrow, Middlesex, HA1 1RA.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover
Turnover represents rents receivable during the year.
1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and a ny impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

GRACEWOOD GROUP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was 0 (202 4: 0).

3
Information in relation to members
2025
2024
Number
Number
Average number of members during the year
6
4

GRACEWOOD GROUP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
298,102
Depreciation and impairment
At 1 April 2024
275,900
Depreciation charged in the year
7,400
At 31 March 2025
283,300
Carrying amount
At 31 March 2025
14,802
At 31 March 2024
22,202
5
Investment property
2025
£
Fair value
At 1 April 2024
11,093,398
Additions through external acquisition
6,800
Disposals
(400,000)
At 31 March 2025
10,700,198

In the opinion of the directors, the fair value of the investment properties are not materially different to the carrying value in the accounts as at the balance sheet date.

The historical cost of the investment properties in the valuation above is £6,272,538 (202 4: £6,358,605).

6
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
2,200,980
2,200,980
Other investments
3,260,845
3,260,845
5,461,825
5,461,825

Other investments represents the members' interest in their capital accounts of Estates and Lets 3 LLP which were assigned to Gracewood Group LLP on 24 July 2009.

GRACEWOOD GROUP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
13,414,139
13,570,392
8
Current asset investments
2025
2024
£
£
Other investments
418,606
431,589

The current asset investments are measured at fair value.

9
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
218
1,679
Trade creditors
4,896
11,463
Taxation and social security
1,088
1,241
Other creditors
5,064,793
5,121,537
5,070,995
5,135,920
10
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
6,970,229
7,019,750

The bank loans are secured .

GRACEWOOD GROUP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
11
Reconciliation of Members' Interests
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Other reserves
Other amounts
Total
Total
2025
£
£
£
£
Members' interests at 1 April 2024
4,643,784
13,986,357
13,986,357
18,630,141
Profit for the financial year available for discretionary division among members
431,092
-
-
431,092
Members' interests after profit for the year
5,074,876
13,986,357
13,986,357
19,061,233
Allocation of profit for the financial year
(638,635)
638,635
638,635
-
Introduced by members
-
605,817
605,817
605,817
Repayment of debt (including members' capital classified as a liability)
-
(1,599,960)
(1,599,960)
(1,599,960)
Members' interests at 31 March 2025
4,436,241
13,630,849
13,630,849
18,067,090
12
Related party transactions

Included within debtors are amounts totalling £3,358,859 (202 4: £3,250,813) due from companies in which Gracewood Group LLP holds a participating interest.

Included within debtors are amounts totalling £10,0 48,583 (2024: £10,313,174) due from companies in which Mr and Mrs Docker have a participating interest.

Included within creditors are amounts totalling £3,767,596 (2024: £4,028,360) due to companies in which Gracewood Group LLP holds a participating interest.

Included within creditors is an amount of £nil (2024: £8,977) due to a company in which Mr and Mrs Docker have a participating interest.

Included within creditors is an amount of £1,116,915 (2024: £918,249) due to a limited liability partnership in which Mr and Mrs Docker are members.

During the year Gracewood Group LLP paid £4,757 (2024: £25,626) to a company controlled by Mr and Mrs Docker for letting and management services in respect of the limited liability partnership's investment properties.

During the year Gracewood Group LLP purchased goods and services amounting to £45,569 (2024: £169,911) to a company in which Mr and Mrs Docker have a participating interest.

2025-03-31 2024-04-01 false false 27 April 2026 CCH Software CCH Accounts Production 2026.100 false OC343900 2024-04-01 2025-03-31 OC343900 2025-03-31 OC343900 bus:PartnerLLP1 2024-04-01 2025-03-31 OC343900 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC343900 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC343900 bus:FRS102 2024-04-01 2025-03-31 OC343900 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC343900 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares