REGISTERED NUMBER: OC454089 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

11 OCTOBER 2024 TO 31 MARCH 2026

FOR

GRESHAM HOUSE WIND ENERGY 3 GP LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Gresham House (General Partner) Limited

Gresham House Capital Partners Limited

REGISTERED OFFICE:

5 New Street Square

London

United Kingdom

EC4A 3TW

REGISTERED NUMBER:

OC454089 (England and Wales)

AUDITORS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

CURRENT ASSETS

Debtors

4

75,299

Cash in hand

2

75,301

CREDITORS

Amounts falling due within one year

5

(1

)

NET CURRENT ASSETS

75,300

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

75,300

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

75,298

MEMBERS' OTHER INTERESTS

Capital accounts

2

75,300

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

75,298

Members' other interests

2

75,300

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 10 July 2026 and were signed by:

Gresham House (General Partner) Limited - Designated member

1.	STATUTORY INFORMATION

Gresham House Wind Energy 3 GP LLP (OC454089) is a Limited Liability Partnership registered in England and Wales. Its registered office is 5 New Street Square, London, EC4A 3TW.

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.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated.

The financial statements are presented in Sterling (£) and rounded to the nearest £1.

Turnover

The LLP acts as the General Partner to Gresham House Wind Energy 3 LP ("LP") and is entitled to the following which are recorded in the relevant period:

-

a priority profit share from the LP

-

an annual general partner profit share, subject to indexation each December

Financial instruments

The LLP has adopted Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade creditors and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Members' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation

The members of the LLP are individually liable for taxation arising on the LLP's profits.As a result, the LLP does not recognise current or deferred tax in its financial statements.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Profits are divided automatically in accordance to the members agreement and therefore such profits are classed as an expense through the profit and loss account rather than an appropriation of equity.

The Founding Members shall decide whether losses of the LLP shall be either i) carried forward and set against future profits, (ii) deducted from capital or (iii) reimbursed by members.

All amounts due to the members that are classified as liabilities are presented in the balance sheet within 'Loans and other debt due to members' and are charged to the income statement within 'Members' remuneration charged as an expense. Amounts due to members that are classified as equity are shown in the balance sheet within 'Members' other interests'.

Critical accounting estimates and assumptions

The LLP makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Recoverability of accrued income

Accrued income is recognised in respect of income earned but not yet invoiced at the reporting date. Management assesses the recoverability of accrued income at each reporting date and records an impairment where the amount expected to be recovered is less than the carrying amount

3.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Accrued income

75,299

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Accruals

1

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank behind other unsecured creditors.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ryan Parkin (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP

8.	RELATED PARTY DISCLOSURES

During the period, the LLP was entitled to profit share income of £75,299 provided by a related LP. At 31 March 2026, £75,299 was included in accrued income.

During the period, the LLP incurred management fees of £1 provided by a related company. At 31 March 2026, £1 was included in accruals.

9.	POST BALANCE SHEET EVENTS

On 27 May 2026, the LLP granted a fixed charge over the assets of the LLP as security for facilities advanced to a connected LLP.