The Grange Partnership (Midlands) LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC429922 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 28 March 2025

for

The Grange Partnership (Midlands) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DESIGNATED MEMBERS:

L G Forbes

Stenson Properties Limited

REGISTERED OFFICE:

16 Beaufort Court

Admirals Way

Canary Wharf

London

E14 9XL

REGISTERED NUMBER:

OC429922 (England and Wales)

ACCOUNTANTS:

RBS Accountants Limited

16 Beaufort Court

Admirals Way

London

Docklands

London

E14 9XL

FIXED ASSETS

Investment property

4

2,595,000

CURRENT ASSETS

Debtors

5

1,620

-

Cash at bank

65,127

20,786

66,747

20,786

CREDITORS

Amounts falling due within one year

6

5,400

-

NET CURRENT ASSETS

61,347

20,786

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,656,347

2,615,786

CREDITORS

Amounts falling due after more than one year

7

550,448

550,188

NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,105,899

2,065,598

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

2,105,899

2,065,598

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

2,105,899

2,065,598

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 period ended 28 March 2025.

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 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 August 2026 and were signed by:

L G Forbes - Designated member

1.	STATUTORY INFORMATION

The Grange Partnership (Midlands) 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 28 March 2025

2,595,000

NET BOOK VALUE

At 28 March 2025

2,595,000

At 31 March 2024

2,595,000

Fair value at 28 March 2025 is represented by:

£

Valuation in 2022

315,000

Valuation in 2023

(125,000

)

Valuation in 2024

30,000

Cost

2,375,000

2,595,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.3.25

31.3.24

£

Other debtors

1,620

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.3.25

31.3.24

£

Other creditors

5,400

-

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28.3.25

31.3.24

£

Bank loans

550,448

550,188

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

550,448

550,188

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in the event of liquidations.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 28 March 2025 set out on page nil and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

RBS Accountants Limited

16 Beaufort Court

Admirals Way

London

Docklands

London

E14 9XL

Date: .............................................