Great Tew Construction LLP - Filleted accounts

Registered number

OC356268

Great Tew Construction LLP

Filleted Accounts

5 April 2026

Great Tew Construction LLP
Registered number:		OC356268
Balance Sheet
as at 5 April 2026
Notes		2026		2025
£			£
Fixed assets
Tangible assets	3 4	599,745		598,098
Current assets
Stocks		33,465		33,957
Debtors	5	223,649		111,143
Cash at bank and in hand		36,462		134,973
		293,576		280,073

Creditors: amounts falling due within one year	6	(392,542)		(97,544)

Net current (liabilities)/assets		(98,966)		182,529

Total assets less current liabilities		500,779		780,627



Net assets attributable to members		500,779		780,627

Represented by:
Loans and other debts due to members	7	185,954		465,802

Members' other interests
Members' capital classified as equity		314,825		314,825

		500,779		780,627

Total members' interests
Loans and other debts due to members	7	185,954		465,802
Members' other interests		314,825		314,825

		500,779		780,627

For the year ended 5 April 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 21 September 2026 and signed on their behalf by:


Mr N M M Johnston
Designated member

Great Tew Construction LLP
Notes to the Accounts
for the year ended 5 April 2026

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	Turnover
	Turnover represents amounts receivable from the provision of construction and related services together with rental income arising from the letting of property, excluding value added tax. Revenue from construction and related services is recognised when the performance obligations have been satisfied and the customer obtains control of the services provided. Rental income is recognised on a straight-line basis over the term of the relevant lease.

	Interest income
	Interest income is recognised in profit or loss using the effective interest method.

	Division of profits
	A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period. An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making. Accordingly, members' remuneration and profit shares are recognised as Members' remuneration charged as an expense in the profit and loss account in the period to which they relate, in accordance with the LLP SORP.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings - Sewerage Treatment Plant					2.5% reducing balance basis
	Freehold buildings - Gardeners Barn					2.5% straight line basis
	Plant and machinery					over 5 years
	Fixtures, fittings, tools and equipment					25% reducing balance
	Motor vehicles					25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the LLP					2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 6 April 2025	169,062		122,627		120,088		411,777
	Additions	318,307		13,918		40,353		372,578
	Disposals	-		(8,809)		(38,121)		(46,930)
	At 5 April 2026	487,369		127,736		122,320		737,425

	Depreciation
	At 6 April 2025	6,739		97,319		17,870		121,928
	Charge for the year	9,299		8,800		26,247		44,346
	On disposals	-		(8,771)		(19,823)		(28,594)
	At 5 April 2026	16,038		97,348		24,294		137,680

	Net book value
	At 5 April 2026	471,331		30,388		98,026		599,745
	At 5 April 2025	162,323		25,308		102,218		289,849


4	Assets under construction					2026		2025
£							£
	Cost
	Brought forward					308,249		112,275
	Additions					23,975		195,974
	Transfers to fixed assets					(332,224)		-
	Carried forward					-		308,249


5	Debtors					2026		2025
£							£

	Trade debtors					169,064		53,038
	Prepayments and accrued income					35,892		18,192
	Other debtors					18,693		39,913
						223,649		111,143


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					354,792		77,481
	Other taxes and social security costs					7,241		3,831
	Accruals and deferred income					30,508		8,232
	Other creditors					1		8,000
						392,542		97,544


7	Loans and other debts due to members					2026		2025
£							£

	Members' capital classified as debt					185,954		465,802

	Amounts falling due within one year					185,954		465,802

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


8	Other information

	Great Tew Construction LLP is a limited liability partnership incorporated in England. Its registered office is:
	The Estate Office
	Quarry Farm
	Great Tew
	Oxfordshire
	OX7 4BT