IRIS Accounts Production v26.1.10.61 OC419920 designated member designated member 1.4.25 31.3.26 31.3.26 0 0 false true false false true false 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC419920 2025-03-31 OC419920 2026-03-31 OC419920 2025-04-01 2026-03-31 OC419920 2024-03-31 OC419920 2024-04-01 2025-03-31 OC419920 2025-03-31 OC419920 ns15:EnglandWales 2025-04-01 2026-03-31 OC419920 ns14:PoundSterling 2025-04-01 2026-03-31 OC419920 ns10:PartnerLLP1 2025-04-01 2026-03-31 OC419920 ns10:PartnerLLP2 2025-04-01 2026-03-31 OC419920 ns10:LimitedLiabilityPartnershipLLP 2025-04-01 2026-03-31 OC419920 ns10:SmallEntities 2025-04-01 2026-03-31 OC419920 ns10:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 OC419920 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 OC419920 ns10:LimitedLiabilityPartnershipsSORP 2025-04-01 2026-03-31 OC419920 ns10:FullAccounts 2025-04-01 2026-03-31 OC419920 ns10:RegisteredOffice 2025-04-01 2026-03-31 OC419920 ns5:MotorVehicles 2025-04-01 2026-03-31 OC419920 ns5:ComputerEquipment 2025-04-01 2026-03-31 OC419920 ns5:MotorVehicles 2025-03-31 OC419920 ns5:ComputerEquipment 2025-03-31 OC419920 ns5:MotorVehicles 2026-03-31 OC419920 ns5:ComputerEquipment 2026-03-31 OC419920 ns5:MotorVehicles 2025-03-31 OC419920 ns5:ComputerEquipment 2025-03-31 OC419920 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 OC419920 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31

REGISTERED NUMBER: OC419920 (England and Wales)

GCM Records LLP

Report of the Members and

Financial Statements

for the Year Ended 31st March 2026

| GCM Records LLP (Registered number: OC419920) |

Contents of the Financial Statements

for the year ended 31st March 2026

| Page |

| General Information | 1 |

| Report of the Members | 2 |

| Accountants' Report | 3 |

| Income Statement | 4 |

| Statement of Financial Position | 5 |  | to |  | 6

| Notes to the Financial Statements | 7 |  | to |  | 8

| GCM Records LLP |

General Information

for the year ended 31st March 2026

| Designated members: | Dr K McKenzie

| G Murray

| Registered office: | Berwick Workspace

| Boarding School Yard

| 90 Marygate

| Berwick-upon-Tweed

| Northumberland

| TD15 1BN

| Registered number: | OC419920 (England and Wales)

| Accountants: | Rennie Welch LLP

| Academy House

| Shedden Park Road

| Kelso

| Roxburghshire

| TD5 7AL

| GCM Records LLP (Registered number: OC419920) |

Report of the Members

for the year ended 31st March 2026

The members present their report with the financial statements of the LLP for the year ended 31st March 2026.

Principal activity

The principal activity of the LLP in the year under review was that of psychological screening, assessment, intervention, research, consultancy and training.

Designated members

The designated members during the year under review were:

Dr K McKenzie

G Murray

Results for the year and allocation to members

The loss for the year before members' remuneration and profit shares was £2,324 (2025 - £2,839 loss).

Members' interests

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is determined on a monthly basis, taking into account the cash needs of the LLP.

New members are not required to subscribe a minimum level of capital but in subsequent years members are invited to subscribe for further capital, the amounts of which are determined by the performance of the LLP. On retirement, capital is repaid to members over specified periods of time.

Statement of members' responsibilities

The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the members:

Dr K McKenzie - Designated member

13th July 2026

Accountants' Report to the Members

on the Unaudited Financial Statements of

GCM Records LLP

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of GCM Records LLP for the year ended 31st March 2026 which comprise the Income Statement, Statement of Financial Position and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at their website.

This report is made solely to the members of GCM Records LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GCM Records LLP and state those matters that we have agreed to state to the members of GCM Records LLP, as a body, in this report in accordance with the requirements of ICAS as detailed at their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that GCM Records LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of GCM Records LLP. You consider that GCM Records LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GCM Records LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

13th July 2026

| GCM Records LLP (Registered number: OC419920) |

Income Statement

for the year ended 31st March 2026

| 2026 |  | 2025

| Notes | £ | £ |

Turnover | 10,454 |  | 8,798 |  |

Cost of sales | (1,029 | ) | (206 | ) |

Gross profit | 9,425 |  | 8,592 |  |

Administrative expenses | (11,749 | ) | (11,431 | ) |

Operating loss and |

Loss for the financial year before members' remuneration and profit shares | (2,324 | ) | (2,839 | ) |

Loss for the financial year before members' remuneration and profit shares | (2,324 | ) | (2,839 | ) |

Members' remuneration charged as an expense | 4 | 2,324 |  | 2,839 |  |

Profit for the financial year available for discretionary division among members | - |  | - |  |

| GCM Records LLP (Registered number: OC419920) |

Statement of Financial Position

31st March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 5 | 5,651 |  | 7,105 |  |

Current assets

Stocks | 1,549 |  | 2,578 |  |

Debtors | 6 | 1,583 |  | 1,463 |  |

Cash at bank | 752 |  | 632 |  |

3,884 |  | 4,673 |  |

Net current assets | 3,884 |  | 4,673 |  |

Total assets less current liabilities

and

Net assets attributable to members | 9,535 |  | 11,778 |  |

Loans and other debts due to members | 7 | 9,535 |  | 11,778 |  |

Total members' interests

Loans and other debts due to members | 7 | 9,535 |  | 11,778 |  |

| GCM Records LLP (Registered number: OC419920) |

Statement of Financial Position - continued

31st March 2026

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 31st March 2026.

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 13th July 2026 and were signed by:

G Murray - Designated member

Dr K McKenzie - Designated member

| GCM Records LLP (Registered number: OC419920) |

Notes to the Financial Statements

for the year ended 31st March 2026

1. | Statutory information

| GCM Records 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

| Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Motor vehicles | - | 25% on reducing balance

| Office equipment | - | 15% on reducing balance

| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

| Members remuneration

| Profits and losses are automatically divided between members in accordance with the terms of the LLP agreement, and hence there are no unallocated profits or losses.

| Provisions

| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

| Going concern

| The members have considered the LLP's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the LLP should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they adopt the going concern basis in preparing these financial statements.

3. | Employee information

| The average number of employees during the year was NIL (2025 - NIL).

| GCM Records LLP (Registered number: OC419920) |

Notes to the Financial Statements - continued

for the year ended 31st March 2026

4. | Information in relation to members

| 2026 |  | 2025

£ | £ |

| Members' remuneration charged as an expense |

| Automatic division of loss | (2,324 | ) | (2,839 | ) |

5. | Tangible fixed assets

| Motor |  | Office |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| Cost

| At 1st April 2025

| and 31st March 2026 | 17,634 |  | 4,411 |  | 22,045 |  |

| Depreciation

| At 1st April 2025 | 12,985 |  | 1,955 |  | 14,940 |  |

| Charge for year | 1,162 |  | 292 |  | 1,454 |  |

| At 31st March 2026 | 14,147 |  | 2,247 |  | 16,394 |  |

| Net book value

| At 31st March 2026 | 3,487 |  | 2,164 |  | 5,651 |  |

| At 31st March 2025 | 4,649 |  | 2,456 |  | 7,105 |  |

6. | Debtors: amounts falling due within one year |

2026 | 2025 |

£ | £ |

| Other debtors | 1,583 |  | 1,463 |  |

7. | Loans and other debts due to members |

| Capital loans and other debts due to members rank behind creditors, in accordance with the members' agreement.