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Registration number: OC431159

Gough Family Partnership LLP
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Gough Family Partnership LLP

Contents

Limited liability partnership information | 1
Financial Statements | 2 to 5
Balance Sheet | 2
Notes to the Financial Statements | 4

Gough Family Partnership LLP

Limited liability partnership information

Designated members | Mr LH Gough Mrs J Gough Gough Family Holdings Ltd

Registered office | 23 Wembury Drive Torquay Devon TQ2 8DT

Accountants | The Hay Group Chartered Certified Accountants Berkeley House Dix's Field Exeter Devon EX1 1PZ

Gough Family Partnership LLP

(Registration number: OC431159)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 3 | 5,050,000 | 14,340,000
Current assets |  |  |
Debtors | 4 | 2,062 | 123,136
Balance at bank |  | 15,961 | 110,184
|  | 18,023 | 233,320
Creditors: Amounts falling due within one year | 5 | (3,295,808) | (8,851,926)
Net current liabilities |  | (3,277,785) | (8,618,606)
Total assets less current liabilities |  | 1,772,215 | 5,721,394
Creditors: Amounts falling due after more than one year | 6 | - | (2,126)
Net assets attributable to members |  | 1,772,215 | 5,719,268
Represented by: |  |  |
Loans and other debts due to members |  |  |
Members' capital classified as a liability |  | 3,395,833 | 6,546,501
Members’ other interests |  |  |
Loss on ordinary activities before members' remuneration and profit shares |  | (1,623,618) | (827,233)
|  | 1,772,215 | 5,719,268
Total members' interests |  |  |
Loans and other debts due to members |  | 3,395,833 | 6,546,501
Loss on ordinary activities before members' remuneration and profit shares |  | (1,623,618) | (827,233)
|  | 1,772,215 | 5,719,268

For the year ending 31 March 2026 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

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. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

Gough Family Partnership LLP

(Registration number: OC431159)
Balance Sheet as at 31 March 2026

The financial statements of Gough Family Partnership LLP (registered number OC431159) were approved by the Board and authorised for issue on 23 July 2026. They were signed on behalf of the limited liability partnership by:

......................................... Mr LH Gough Designated member

Gough Family Partnership LLP

Notes to the Financial Statements for the Year Ended 31 March 2026

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England & Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Gough Family Partnership LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Tangible fixed assets

Individual fixed assets are initially recorded at cost.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

2 | Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2025 - 0).

Gough Family Partnership LLP

Notes to the Financial Statements for the Year Ended 31 March 2026

3 | Tangible fixed assets

| Freehold land and buildings £ | Total £
Cost |  |
At 1 April 2025 | 14,340,000 | 14,340,000
Disposals | (9,290,000) | (9,290,000)
At 31 March 2026 | 5,050,000 | 5,050,000
Depreciation |  |
At 31 March 2026 | - | -
Net book value |  |
At 31 March 2026 | 5,050,000 | 5,050,000
At 31 March 2025 | 14,340,000 | 14,340,000

4 | Debtors

| 2026 £ | 2025 £
Other debtors | 2,062 | 123,136
Total current trade and other debtors | 2,062 | 123,136

5 | Creditors: Amounts falling due within one year

| 2026 £ | 2025 £
Bank loans and overdrafts | 1,720 | 10,000
Other creditors | 3,287,988 | 8,837,726
Accruals and deferred income | 6,100 | 4,200
| 3,295,808 | 8,851,926

6 | Creditors: Amounts falling due after more than one year

| 2026 £ | 2025 £
Bank loans and overdrafts | - | 2,126

7 | Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.