The members present their annual report and financial statements for the year ended 31 December 2025.
The principle activity of the LLP is investment in and management of international development finance projects (specifically in the Democratic Republic of the Congo) including investments in transmission and distribution of electricity and any other business associated with, relevant to, or necessary for, the activities specified above or as otherwise approved by Gridworks Development Partners LLP.
The Limited Liability Partnership Members' Agreement ('Partnership Agreement') sets out the details and governance around subscription of funds to the LLP. The LLP is currently dormant and no capital is expected to be subscribed. Any future drawings or repayment of capital will be considered within the ongoing funding arrangements defined within the Partnership Agreement.
The designated members who held office during the year and up to the date of signature of the financial statements were as follows:
This report has been prepared in accordance with special provisions relating to dormant LLPs within section 480 of the Companies Act 2006.
The members are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) 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 company law (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) 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 limited liability partnership and of the profit or loss of the limited liability partnership 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 limited liability partnership will continue in business.
The members are responsible for keeping adequate accounting records that are sufficient to show and explain the limited liability partnership’s transactions and disclose with reasonable accuracy at any time the financial position of the limited liability partnership and enable them to ensure that the financial statements comply with the Companies Act 2006 (as applied 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 limited liability partnership and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
GWMP LLP is a limited liability partnership incorporated in England and Wales. The registered office is 123 Victoria Street, London, SW1E 6DE.
The LLP's principal activities are disclosed in the Members' Report.
These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2018, alongside United Kingdom adopted international accounting standards and with International Financial Reporting Standards as issued by the International Accounting Standards Board (IASB).
The financial statements are prepared in dollars, which is the functional currency of the LLP. Assets and liabilities are retranslated at spot rates at the statement of financial position date. Foreign exchange gains and losses resulting from the settlement of such transactions and from translation of assets and liabilities denominated in foreign currencies at the year-end exchange rate are recognised in the statement of comprehensive income. Monetary amounts in these financial statements are rounded to the nearest $.
The financial statements have been prepared on a historical cost basis except for other financial instruments that have been presented and measured at fair value in accordance with relevant accounting standards.
For the year ended 31 December 2025, the LLP was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to small companies.
In the application of the LLP’s accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The average number of persons (excluding members) employed by the partnership during the year was: