GHH LLP - LLP accounts 24.3

REGISTERED NUMBER: OC303918 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

GHH LLP

Page

General Information

1

Report of the Members

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Reconciliation of Members' Interests

7

Notes to the Financial Statements

9

DESIGNATED MEMBERS:

M D Edmond

C A Haspel

REGISTERED OFFICE:

The Georgian House Hotel

Ashbourne Road

Derby

Derbyshire

DE22 3AD

REGISTERED NUMBER:

OC303918 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

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

DESIGNATED MEMBERS

The designated members during the year under review were:

M D Edmond

C A Haspel

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £53,109 (2025 - £138,277 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

C A Haspel - Designated member

8 July 2026

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 GHH LLP for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of GHH 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 GHH LLP and state those matters that we have agreed to state to the members of GHH LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GHH LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that GHH 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 profit of GHH LLP. You consider that GHH 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 GHH 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.

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

8 July 2026

TURNOVER

1,018,037

1,108,825

Cost of sales

674,243

652,006

GROSS PROFIT

343,794

456,819

Administrative expenses

309,342

358,873

34,452

97,946

Other operating income

59,544

84,629

OPERATING PROFIT

4

93,996

182,575

Interest receivable and similar income

1,050

400

95,046

182,975

Interest payable and similar expenses

41,937

44,698

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

53,109

138,277

FIXED ASSETS

Tangible assets

5

1,952,791

1,973,423

CURRENT ASSETS

Stocks

37,214

20,106

Debtors

6

58,377

71,741

Cash at bank and in hand

6,729

53,417

102,320

145,264

CREDITORS

Amounts falling due within one year

7

94,891

96,673

NET CURRENT ASSETS

7,429

48,591

TOTAL ASSETS LESS CURRENT LIABILITIES

1,960,220

2,022,014

CREDITORS

Amounts falling due after more than one
year

8

916,301

887,245

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,043,919

1,134,769

LOANS AND OTHER DEBTS DUE TO MEMBERS

673,030

763,880

MEMBERS' OTHER INTERESTS

Capital accounts

267,948

Revaluation reserve

9

102,941

1,043,919

1,134,769

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

673,030

763,880

Members' other interests

370,889

1,043,919

1,134,769

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 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 8 July 2026 and were signed by:

C A Haspel - Designated member

EQUITY

Members' other interests

Members'

capital

(classified

as

Revaluation

Other

equity)

reserve

reserves

Total

£

Balance at 1 April 2025

267,948

102,941

-

370,889

Profit for the financial year available for
discretionary division among members

-

53,109

Members' interests after profit for the year

267,948

102,941

53,109

423,998

Other divisions of profit

-

(53,109

)

(53,109

)

Drawings on account and distributions of profit

-

Balance at 31 March 2026

267,948

102,941

-

370,889

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

Amount due to members

763,880

Amount due from members

-

Balance at 1 April 2025

763,880

1,134,769

Profit for the financial year available for
discretionary division among members

-

53,109

Members' interests after profit for the year

763,880

1,187,878

Other divisions of profit

53,109

-

Drawings on account and distributions of profit

(143,959

)

(143,959

)

Amount due to members

673,030

Amount due from members

-

Balance at 31 March 2026

673,030

1,043,919

EQUITY

Members' other interests

Members'

capital

(classified

as

Revaluation

Other

equity)

reserve

reserves

Total

£

Balance at 1 April 2024

267,948

102,941

-

370,889

Profit for the financial year available for
discretionary division among members

-

138,277

Members' interests after profit for the year

267,948

102,941

138,277

509,166

Other divisions of profit

-

(138,277

)

(138,277

)

Introduced by members

-

Drawings on account and distributions of profit

-

Balance at 31 March 2025

267,948

102,941

-

370,889

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

Amount due to members

730,890

Amount due from members

-

Balance at 1 April 2024

730,890

1,101,779

Profit for the financial year available for
discretionary division among members

-

138,277

Members' interests after profit for the year

730,890

1,240,056

Other divisions of profit

138,277

-

Introduced by members

22,550

Drawings on account and distributions of profit

(127,837

)

(127,837

)

Amount due to members

763,880

Amount due from members

-

Balance at 31 March 2025

763,880

1,134,769

1.	STATUTORY INFORMATION

GHH LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Improvements to property

-

25% on reducing balance and 10% on reducing balance

Plant and machinery

-

12.5% on reducing balance

Fixtures and fittings

-

12.5% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 21 (2025 - 23 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2026

2025

£

Depreciation - owned assets

23,609

26,650

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 April 2025

1,797,604

47,579

292,626

Additions

-

2,378

507

At 31 March 2026

1,797,604

49,957

293,133

DEPRECIATION

At 1 April 2025

-

32,366

210,556

Charge for year

-

2,529

9,887

At 31 March 2026

-

34,895

220,443

NET BOOK VALUE

At 31 March 2026

1,797,604

15,062

72,690

At 31 March 2025

1,797,604

15,213

82,070

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2025

606,970

48,095

4,800

2,797,674

Additions

-

92

2,977

At 31 March 2026

606,970

48,095

4,892

2,800,651

DEPRECIATION

At 1 April 2025

537,823

39,382

4,124

824,251

Charge for year

8,501

2,178

514

23,609

At 31 March 2026

546,324

41,560

4,638

847,860

NET BOOK VALUE

At 31 March 2026

60,646

6,535

254

1,952,791

At 31 March 2025

69,147

8,713

676

1,973,423

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

25,448

18,033

Other debtors

32,929

53,708

58,377

71,741

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

36,488

41,031

Taxation and social security

34,796

34,797

Other creditors

23,607

20,845

94,891

96,673

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Other creditors

916,301

887,245

9.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

102,941