REGISTERED NUMBER: OC407331 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

GWD Property Consultants LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs A A Geddes

J G N Geddes

REGISTERED OFFICE:

Middle Farm House

Little Weston

Yeovil

Somerset

BA22 7HP

REGISTERED NUMBER:

OC407331 (England and Wales)

ACCOUNTANTS:

Lane Monnington Welton

Chartered Accountants

Riverside View

Basing Road

Old Basing

Basingstoke

Hampshire

RG24 7AL

FIXED ASSETS

Tangible assets

4

10,320

11,144

CURRENT ASSETS

Debtors

5

6,393

-

Cash at bank

960

1,103

7,353

1,103

CREDITORS

Amounts falling due within one year

6

4,832

4,490

NET CURRENT ASSETS/(LIABILITIES)

2,521

(3,387

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

12,841

7,757

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

12,841

7,757

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

12,841

7,757

Amounts due from members

5

(6,369

)

-

6,472

7,757

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 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 18 September 2026 and were signed by:

J G N Geddes - Designated member

1.	STATUTORY INFORMATION

GWD Property Consultants 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.

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

-

10% on cost

Computer equipment

-

33% on cost

Financial instruments

Debtors and creditors payable/receivable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation

Taxation payable on the profits of the LLP is the personal liability of the members.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Improvements

to

Computer

property

equipment

Totals

£

£

£

COST

At 1 April 2025

14,719

6,057

20,776

Additions

-

1,603

1,603

At 31 March 2026

14,719

7,660

22,379

DEPRECIATION

At 1 April 2025

4,416

5,216

9,632

Charge for year

1,472

955

2,427

At 31 March 2026

5,888

6,171

12,059

NET BOOK VALUE

At 31 March 2026

8,831

1,489

10,320

At 31 March 2025

10,303

841

11,144

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Amounts due from members

6,369

-

VAT

24

-

6,393

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

VAT

-

78

Other creditors

1,982

1,563

Accruals and deferred income

2,850

2,849

4,832

4,490

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, members' other interests rank after secured creditors. Loans and other debts due to members rank pari passu with unsecured creditors in the event of a winding up.

There is no further formal protection afforded to creditors in the event of a winding up.

There are no restrictions on the ability of members to reduce the amount of members' other interests.